October 13, 2015 -
Paycasso CEO Russell King and PwC director in forensic services Ben Luddington, will discuss how they are working together to raise awareness of the benefits of biometric facial recognition and ID verification technology in the financial sector.
At the exhibition, the two companies will showcase the value of Paycasso’s biometric technology in helping financial institutions protect themselves against financial crime and meet their legal and regulatory obligations to Know Your Customer (‘KYC’).
After conducting a thorough vendor evaluation program, PwC selected Paycass PwC for its ability to increase both the efficiency and effectiveness of financial crime controls.
“Paycasso recognized the value of PwC’s global subject matter expertise and the depth of understanding they have, of the challenges faced by its clients in an area of continually increasing regulatory scrutiny,” said King. “I’m delighted to be at Biometrics 2015 with PwC to demonstrate the quantifiable benefits that solutions such as ours are now delivering within the financial services sector.”
Paycasso and PwC will be hosting a panel debate entitled “How companies are implementing biometric technology and the changing face of KYC” on October 14 at 11.45 p.m.–12.15 p.m. in the seminar theatre.
They will be joined by senior executive at Behaviosec as they analyze how their work is improving the customer on-boarding process and experience by improving the level of speed and security, while supporting compliance with KYC regulatory requirements.
Previously reported, Paycasso CEO Russell King discussed in a Q&A interview how Paycasso’s facial recognition products differ from competing products on the market, why he feels that biometrics is the future of payments validation and security, and how the company is currently developing a code of conduct on how the Consumer Privacy Bill of Rights applies to facial recognition technology.