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, 2017, with FacePhi being one of the most promising companies listed on the MAB (Alternative Madrid Stock Market).
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