FB pixel

FacePhi touts major stock price gains and new biometric onboarding contract in Panama

FacePhi touts major stock price gains and new biometric onboarding contract in Panama
 

FacePhi says it had the highest-growth value on the Spanish Stock Exchange over the past year, as it announced a new contract to provide Panamanian Credicorp Bank, S.A., with facial biometrics for digital customer onboarding.

Credicorp will use SelphID to improve the user experience and security of its onboarding processes through the web and iOS or Android-based mobile phones. Since being founded in 1992, Credicorp has positioned itself as a reference agent for ecommerce and online payment transactions, according to the announcement.

During 2019, FacePhi reached a series of international agreements, and arrived on the Asian market, and the company attributes its stock value to those developments and projections for its biometric technology sales. The Spanish biometrics company entered Panama’s financial services market in 2019 with three contracts. FacePhi shares closed 2018 at €0.75 each, and have traded at or near €5 in recent days.

FacePhi CEO Javier Mira says he expects more contracts over the coming months to follow this first new one of the year.

“We have just closed a very good year, in which our business pathway has been consolidating and settling more in the market. This has given us wings to place us as a safe and forward-looking value in the MAB, something that benefits us for attracting new investors and obtaining financing help for our business development,” Mira comments.

FacePhi also announced the acquisition of Spain-based certification service provider Ecertic for $2.2 million just weeks ago to improve its margins for SelphID and increase its identification and authentication market presence.

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News

 

Biometrics providers and systems evolve or get left behind

Biometrics are allowing people to prove who they are, speeding journeys through airports, and enabling anonymous online proof of age,…

 

Findynet funding development of six digital wallet solutions

Finnish public-private cooperative Findynet has announced it will award 60,000 euros (US$69,200) to six digital wallet vendors to help translate…

 

Patchwork of age check, online safety legislation grows across US

As the U.S. waits for the Supreme Court’s opinion on the Texas case of Paxton v. Free Speech Coalition, which…

 

AVPA laud findings from age assurance tech trial

The Age Verification Providers Association (AVPA), and several of its members, have welcomed the publication of preliminary findings from the…

 

Sri Lanka to launch govt API policies and guidelines

Sri Lanka’s government, in the wake of its digital economy drive, is gearing up to release application programming interface (API)…

 

Netherlands’ asylum seeker ID cards from Idemia use vertical ICAO format

The Netherlands will introduce new identity documents for asylum seekers Idemia Smart Identity, compliant with the ICAO specification for vertical…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events