FaceTec 3d face biometrics selected to balance privacy and security for universal basic income
Face biometrics technology from FaceTec has been integrated with an app to support universal basic income delivery by GoodDollar
The GoodDollar UBI wallet application scans users’ faces for identity verification on sign-up, or the next time they use it in the case of existing customers, and then again every two weeks to make sure each person has only one account. Users can then claim daily ‘GoodDollar coins (G$),’ with distribution recorded on the blockchain.
FaceTec 3D Face authentication technology provides accurate biometric identity verification with liveness checking through a two-second selfie video. The technology averages only one error for every 12.8 million users, according to the announcement, and FaceTec is continuing to refine its artificial intelligence for enhanced accuracy.
GoodDollar notes that unique digital identity is one of the main challenges to universal basic income schemes. Companies working in decentralized identity technology are developing products GoodDollar is impressed with, and plans to continuously evaluate to find an effective balance of privacy and security.
Journey partnership revealed
FaceTec has also been revealed as the face authentication partner for Journey, which just announced the launch of a new Trusted Identity platform based on Zero Knowledge proofs. The platform applies Zero Knowledge proofs to agent-caller interactions through the customer’s smartphone.
“An additional tens-of-millions of people now working from home in just the last few months has boldly highlighted the need for Jouney.ai’s platform,” Kevin A. Tussy, CEO of FaceTec told Biometric Update in an email. “Both participants in any interaction must, more than ever, be able to trust who is on the other end of any phone call, email, or support request. Knowledge-based authentication can no longer provide this confidence because the once-secret data that KBA relied upon has all been breached. FaceTec’s biometric verification connects real people to their digital accounts, and Journey.ai provides our tech to the companies and end-users who need it every day. For that reason, we are thrilled to be partnered with the exceptionally talented and forward-thinking team at Journey.”