Financial firm Nequi becomes first in Colombia to deploy mobile biometrics

September 1, 2016 - 

Mobile banking service firm Nequi has become the first in Colombia to deploy mobile biometrics for authentication, according to a report by Banking Technology.

Nequi has deployed Daon’s facial recognition technology, the IdentityX platform, which allows customers to authenticate with a ‘selfie’ when changing devices or SIM cards, resetting passwords or reactivating an account.

Users will be asked to provide their biometrics when signing up for Nequi. They will be able to authenticate with a “selfie” (i.e. facial recognition technology) when changing devices or SIM cards, resetting passwords or reactivating an account.

The deployment of facial recognition technology for mobile login is part of Nequi’s overall plan to move customers over to its mobile application as well as to integrate voice recognition as another biometric method, Daon said.

Daon CEO Tom Grissen describes Nequi as “truly innovative” in customer experience, adding that the banking firm “removes friction from the authentication process and establishes trust by verifying the person, not a password or dongle”.

Additionally, Daon recently partnered with Brazilian banking startup Neon, which became the first bank in the country to use biometric authentication for transactions within mobile applications.

With Daon’s facial recognition technology, Neon customers can take a selfie to authorize their identity instead of entering in a username and password.

Previously reported, Daon has been selected to demonstrate its IdentityX Platform at FinovateFall 2016 this month in New York City.

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.