FacePhi exceeds forecasts, reports 307% jump in profits

With 21 banks now using its software and services, Spanish facial recognition firm FacePhi is reporting a 307 percent jump to a net profit of 457,205 euros for 2017. The company feels this upward trend will continue in 2018, given FacePhi’s aim to increase the size of its international business with a presence in the U.S., European and Asian markets. Shares in FacePhi rose by 60% over the year, from €0.68 on January 1, 2017 to €1.09 on December 31,

Entrust Datacard integrates FacePhi facial recognition into authentication platform

Entrust Datacard is combining facial recognition capabilities with its Mobile Smart Credential and Mobile Soft Token to deliver a high-assurance, low-friction solution that meets the various security needs within enterprise, government and banking. This new capability expands upon the Entrust Datacard vision to deliver advanced, intelligent identity solutions that streamline access and provide reinforced security. “With the introduction of facial recognition, we continue to shape authentication to be as easy as possible for the user, which is in fact trying

HSBC to deploy FacePhi technology for mobile banking authentication

This week FacePhi announced a new contract with HSBC. The Argentinian branch of HSBC will be the first of the HSBC Group to deploy FacePhi’s facial recognition technology which allows bank clients to get access to their banking accounts just taking a selfie. Earlier this year, Facephi announced that its Facephi face recognition solution had achieved FIDO certification by passing FIDO UAF interoperability testing for its UAF Authenticator implementation.

FacePhi to supply digital onboarding technology to Argentina’s Red Link

FacePhi, through its Argentinian partner, Compusistem, will provide Red Link with ID validation and facial recognition technology, known as ME, to use during the digital onboarding process. Red Link S.A. is a network of 47 financial entities that provide services to the Argentina’s main financial entities, credit card companies and clients in ATMs, home banking, mobile and secure solutions or tax collection sectors. FacePhi facial recognition software uses its own algorithms and has presence in 18 countries, such as Panama,

ICBC deploys FacePhi technology for mobile banking authentication

FacePhi announced a new contract this week with the Industrial and Commercial Bank of China (ICBC). ICBC will deploy FacePhi’s facial recognition technology, Selphi, to authenticate clients using the Chinese multinational banking company’s mobile app. ICBC Argentina will be the first bank in the country to implement facial biometrics in mobile banking. As of February 2017, ICBC is the largest bank in the world by total assets and the most valuable bank in the world by market capitalization. Earlier this

BioConnect integrates FacePhi face authentication into biometric ID platform

BioConnect has integrated FacePhi’s SelPhi face recognition system into the company’s agnostic biometric identification platform, BioConnect ID. The joint solution will deliver facial recognition and a range of biometric-based identity methods to FacePhi’s banking customers and prospective partners in the banking industry. The two companies have combined their expertise in a way that empowers a truly seamless and secure identification and authentication experience in both the physical and digital world leveraging biometric technology. “This is an opportunity for both companies

FacePhi face recognition solution achieves FIDO certification

Facephi announced that its Facephi face recognition solution has achieved FIDO certification by passing FIDO UAF interoperability testing for its UAF Authenticator implementation last month. Facephi Biometría develops and markets facial recognition software with a focus on mobile devices, using its own algorithms. Earning FIDO certification ensures that FacePhi complies with the FIDO standards and the improvement of the security and privacy of the authentication process. The certification also improves the usability of authentication, eliminates the use of passwords (passwordless

Banco Inbursa deploys FacePhi technology for mobile banking authentication

With the deployment of FacePhi‘s “Selphi” solution, Banco Inbursa has become the first financial institution in Mexico to use facial biometrics for mobile banking authentication. The facial recognition software is now incorporated into the banks mobile platform, allowing its users to safely access their account by just taking a selfie. Last July, FacePhi announced that it had secured the contract with Banco Inbursa to install its facial recognition technology on the bank`s mobile and webpage platforms. This marked the ninth

Easy Solutions improves biometric solution, integrates face and voice recognition

Easy Solutions has partnered with voice engine firm Auraya Systems Pty Ltd and face recognition firm FacePhi, as well as integrating their respective technologies with the company’s authentication framework. After announcing support for biometrics earlier this year, Easy Solutions is making it easier for existing and prospective clients to deploy biometric authentication. Auraya Systems’ ArmorVox voice recognition technologies have been deployed in Canada, the United States, the UK, Australia, New Zealand and Germany. Meanwhile, FacePhi has been deployed in the

Banco Inbursa to deploy FacePhi facial recognition technology

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