Spanish bank BBVA, Das-Nano launch digital ID tools startup

Spanish bank BBVA has partnered with biometrics and nanotechnology startup Das-Nano to launch Veridas, a new tech startup focused on the research and development of customer verification and authentication software.

Led by Das-Nano co-founder Eduardo Azanza, Veridas will develop solutions that verify the identity of BBVA clients online using various biometric modalities including facial, voice, fingerprint, image, and document recognition technology.

“Veridas will contribute the talent, the knowledge and the specialized experience necessary for the technological development that will allow us to reach our goal, which is to bring the age of opportunity to everyone,” said Ignacio Bernal, head of architecture and IT innovation at BBVA.

BBVA said the customer verification and authentication solutions will make online logins and transactions more secure and seamless for consumers.

The new digital tools startup will help BBVA ensure the authoritative identification of employees and/or customers remotely, simplifying the forms of access to off-site services and improving the security of transactions and interactions over digital channels.

The bank is already offering its banking services via third parties through its API marketplace.

Using its existing network of suppliers and their customer bases, BBVA can then distribute the digital ID solutions that are developed by Veridas to ensure its digital ID achieves the necessary impact.

“Digital transactions are going to be more secure, thanks to the use of biometrics,” said Azanza, CEO of Veridas. “The talent of our people, our experience in the use of deep neural networks and artificial intelligence, along with the daily application of these technologies to millions of cases, will allow us to spearhead this field.”

The partnership builds on BBVA’s and Das-Nano’s existing relationship, which began in 2015 with the development of joint projects in personal identity authentication.

Additionally, Veridas will allow both companies to continue researching and growing in the use of biometrics in the area of technological security.

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