Facebanx brings biometric live-stream onboarding to NICE Actimize financial risk management platform

Facebanx has joined the X-Sight Marketplace from NICE Actimize to bring its biometric live streaming technology to the financial crime risk-management ecosystem.

NICE says the Actimize X-Sight Platform-as-a-Service is the industry’s first ecosystem focused on financial crime risk management and designed to help financial services companies evaluate new point solutions and stay ahead of regulatory and threat landscape changes. The live streaming onboarding technology from Facebanx allows X-Sight Marketplace customers to leverage biometrics and ID document analysis to prevent fraudulent account openings.

“Facebanx appreciates this partnership with NICE Actimize as we bring innovation and business value to financial services organizations looking for a more secure onboarding process that innovates and bolsters their financial crime operations,” comments Facebanx CEO Matthew Silverstone. “There is strong synergy and alignment between the industry-leading financial crime solutions and platforms that NICE Actimize offers its community and Facebanx. In the light of the latest requirements for Strong Customer Authentication within PSD2, this is a perfect opportunity to help the community meet their regulatory requirements. We look forward to building our presence within this innovative community platform.”

“We are excited that Facebanx, who shares our common goal of fighting financial crime through the benefits of a Marketplace ecosytem, is partnering with us and joining the X-Sight Marketplace community,” says NICE Actimize CEO Craig Costigan. “By connecting via a cloud environment, community participants will experience a quicker time to value and minimized integration cost as they evaluate new solutions for their financial services organizations.”

There are many products on the market for onboarding with facial recognition, but applications for financial services in Europe are still abandoned 38 percent of the time, according to a recent survey.

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