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 year, Facephi announced that its Facephi face recognition solution had achieved FIDO certification by passing FIDO UAF interoperability testing for its UAF Authenticator implementation.
A new Congressional Research Service (CRS) report warns that biometric technologies are moving from routine identity verification into more consequential…
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