Bantotal to integrate FacePhi facial recognition tech into its products

Aug 22, 2018, 12:07 pm EDT | Stephen Mayhew

FacePhi has signed an agreement with Bantotal, a software developer for financial institutions, that will see Banotal integrate FacePhi’s facial recognition technology into its banking platform.

FacePhi delivers biometric products to the financial services sector. The company’s Selphi solution uses a standard smartphone camera for biometric verification, allowing banks to affordably and easily satisfy ‘know your client’ regulations on a smartphone.

The Spain-based mobile biometrics specialist saw a 307% gain in profit last year and now claims more than 20 banks among its client roster, including two of the world’s biggest institutions, HSBC and ICBC.