“This will help the bank to detect potential duplicate accounts in its databases, and will allow registered customers to easily authenticate on subsequent visits to the bank when they’re seeking to perform actions such as applying for a loan or a replacement bank card.” As it continues to expand in the industry, biometric security is…
The Swiss company b-sharpe has turned to Onfido for secure onboarding and identity verification. b-sharpe is an online currency exchange platform that provides individuals and businesses with transparent pricing for currency exchanges. The company has cleared 1 billion Swiss Francs in transactions for 14,000 customers, and claims to save those customers around 70 percent when…
“FacePhi has indicated that Banesco Panamá will integrate [SelphID] technology into its mobile app and desktop site, allowing customers to open new accounts from the comfort of their personal devices.” FacePhi has solidified its position in the Panama market and in the Latin American region more broadly through a new contract with Banesco Panamá. The…
Onfido has become the latest member of the Dwolla Partner Ecosystem. The two companies have teamed up to offer Onfido’s selfie-based identity verification services to Dwolla customers, who will be able to deploy the technology for secure onboarding and authentication. Dwolla is an Iowa-based money movement specialist that helps other companies connect to the Automated…
The digital world is an increasingly scary place, with each passing year delivering new data breach and hacking events in which consumers’ Personally Identifiable Information (PII) is spilled into the dark web and afflicted organizations suffer significant damages to their operations and their reputations. But digital security is evolving, too, and there are compelling solutions…
“Based on surveys of 3,500 adults across Finland, Germany, the Netherlands, Norway, the UK, and Sweden, Signicat’s report says that over half of all consumers are willing to go through an onboarding process that takes more than ten minutes.” Europeans have a lot of patience for financial services firms’ online onboarding processes, but not as…
“The partnership will see Neoris use FacePhi’s biometric technologies used in digitization projects with its clients.” A new strategic partnership could help FacePhi to further expand its reach in the financial services sector. The company has teamed up with Neoris, a Miami-based digitization consultancy with a strong focus on FinTech. The partnership will see Neoris…
“Our vision for a decentralized future, self-sovereign identity, data and payment, facilitated by blockchain technology, works well with the identity verification services Onfido offers.” – Alastair Johnson, CEO, Nuggets Nuggets, the provider of a blockchain-based digital identity and payments platform, has embraced Onfido‘s selfie-based approach to customer authentication. The latter’s approach to identity verification revolves…
Ipsidy is looking to solidify its foothold in Latin America through a new partnership with AS•NET, a Colombian company that provides transaction solutions for retail outlets, financial institutions, and other organizations in the region. AS•NET will be integrating Ipsidy’s Proof and Verified identity verification services into its own platform, and will also be offering both…
FacePhi has found yet another partner for its onboarding services in Argentina. The facial recognition specialist has formed a partnership with Banco del Sol, the online banking arm of the country’s Sancor Seguros group, which will be deploying FacePhi’s SelphID solution for customer onboarding and authentication. Argentina has proved to be a lucrative market for…
Bahrain’s Bank ABC has partnered with Jumio, deploying the latter’s Identity Verification platform to facilitate customer onboarding on its digital banking channels. Jumio’s facial recognition technology will allow new customers to open a Bank ABC account without needing to visit a physical branch location. To use Jumio Identity Verification, prospective Bank ABC clients will need…
Daon has released an updated version of its flagship biometric onboarding platform. IdentityX Digital Onboarding 2.0 delivers better anti-spoofing technology, and also enables browser-based onboarding to allow users to enroll without the need for a mobile app. The platform is designed to deliver a seamless experience that guards against fraud while simultaneously increasing user retention…
It has been another busy week in the varied world of biometrics, with the week’s top stories covering a range of modalities and applications. That having been said, two of FindBiometrics’ most popular articles speak to the persistent popularity of one salient trend in particular – the emergence of the biometric payment cards market: IDEX…
“[Jumio]’s solution combines facial recognition and document reading technology to verify the identities of end users, allowing financial services firms like BTG Pactual to automate the digital onboarding process while maintaining security and adhering to KYC requirements.” BTG Pactual has become the latest bank to embrace Jumio‘s biometric customer onboarding technology. Based in Brazil, BTG…
“We keep on considering the Latin American market as a strategic point in our corporate expansion, which is why we continue to bet on consolidating our position in this area.”- Javier Mira, CEO, FacePhi Biometric onboarding and authentication specialist FacePhi has further cemented its leading position in the Latin American market with a new agreement…
The FIDO Alliance has announced two important new standards and certification initiatives that will build upon its existing work in strong, post-password authentication, with one focused on account onboarding and recovery, and the other aimed at authentication in the emerging Internet of Things. The former is dubbed the “Identity Verification & Binding Working Group” (or…
Element will be providing biometric authentication services for Bank Central Asia (BCA) in Indonesia. Through the partnership, BCA will deploy Element’s facial recognition technology for customer onboarding and authentication, leveraging mobile technology to increase people’s access to secure financial services. “By 2025, a projected 284 million Indonesians are estimated to have 410 million smartphone…
“…in the wake of stringent age and identity verification regulations implemented by the UK Gambling Commission, the company is looking to ensure compliance with a user friendly solution provided by Jumio.” Jumio has won another client in the online gambling space. Headquartered in Malta, Novibet operates an online gaming platform aimed primarily at the UK…
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Of the major players that have really been at the forefront of the selfie-based authentication trend, one of the most acclaimed is surely Jumio. One of the pioneers of face-to-ID matching, the company has seen a great deal of praise and industry awards over the last few years, with the most recent examples including a…