FacePhi facial recognition solution to authenticate Banco Nacional of Costa Rica clients

January 7, 2016 - 

FacePhi facial recognition technology has been selected by Banco Nacional of Costa Rica to authenticate clients using the banks mobile app or online banking service.

Starting in the second quarter of 2016, Banco Nacional of Costa Rica clients will be able to access their banking accounts on their mobile devices using their face for authentication. In the second phase of the project, the biometric authentication solution will be integrated into the bank’s online banking services.

This is the seventh large financial institution that has chosen the Spanish company’s technology to increase the security of its clients.

FacePhi is listed on the MAB (Spanish Alternative Investment Market) and specializes in developing and marketing facial recognition software for banking, automotive, private security and public sectors.

Just last month, FacePhi announced that Banco del Pacífico in Ecuador signed a three year agreement to use its facial biometrics technology in different channels of the bank to increase client security.

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About Stephen Mayhew

Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. His experience includes a mix of entrepreneurship, brand development and publishing. Stephen attended Carleton University and lives in Toronto, Canada. Connect with Stephen on LinkindIn.