Banco Inbursa to deploy FacePhi facial recognition technology

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.

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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.