July 6, 2016 -
FacePhi has signed a contract with Mexico`s Banco Inbursa to implement its “Selphi” facial recognition technology on their mobile banking app and web platform to give clients secure access to their banking accounts without using a username or a password.
According to a statement by the company, Banco Inbursa is the first financial institution in Mexico offering a selfie-based facial recognition authentication solution to its clients.
Moneta Technologies, a technological partner of FacePhi, will be implementing the technology into the banks´ applications.
This is the ninth large financial institution that has chosen the Spanish company’s technology to increase the security of its clients.