HooYu facial biometrics added to NICE Actimize X-Sight Marketplace

ID verification and fraud investigation company HooYu has partnered with NICE Actimize’s X-Sight Marketplace, a financial crime risk management system, to improve customer on-boarding, ensure compliance and fight financial crime, the company announced.

The X-Sight Marketplace Platform-as-a-Service was developed as a unified solution to help companies operating in the financial services industry to better assess and integrate innovative solutions. The platform also delivers financial crime, risk and compliance management effectiveness in a dynamic market landscape.

The integration of HooYu’s tech know-how in customer verification, PEP/Sanctions screening and facial biometrics with NICE Actimize’s AML and Fraud solutions, will benefit customers with higher accuracy in KYC/CDD risk management account takeover fraud, synthetic ID fraud, and payments fraud, the company explains.

“HooYu welcomes this partnership with NICE Actimize as we bring innovation and business value to financial services organizations looking for more modern customer identification and screening processes, that improve customer on-boarding success while bolstering financial crime prevention,” said David Pope, Marketing Director, HooYu.

“There is strong synergy and alignment between the industry-leading financial crime solutions and platforms that NICE Actimize offers its community and HooYu. We look forward to building our presence within this innovative community platform.”

HooYu’s biometric facial recognition was also adopted for biometric selfie onboarding by NatWest and by alternative UK banking solution Suits Me.

“We are excited that HooYu, 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,” said Craig Costigan, CEO, NICE Actimize.

“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.”

NICE Actimize has also integrated BehavioSec behavioral biometrics to fight fraud, Jumio AI and biometrics, and SecuredTouch behavioral biometrics. NICE Actimize’s X-Sight Marketplace plans to further add Ultimate Beneficial Ownership, Value-added Data & Adverse Media, Watchlist, Device Identification, and User Authentication & Fraud products from additional partners.

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