Mobbeel’s biometric ID verification secures digital onboarding for Guatemalan bank
To verify identity, the technology scans the user’s ID document and matches a selfie against the ID photo through facial recognition enhanced with biometric liveness detection.
DIG&TAL is a pioneering project in the country that not only simplifies the process of opening an account from a smartphone, but also provides easy finance management and access through eBanking to e-wallets and purchases, according to the announcement.
Mobbeel’s MobbScan uses the GTCAPP app to enable the eKYC and digital onboarding process. The initiative was supported by Veentrix, the company’s regional partner.
Mobbeel was also chosen to secure digital onboarding for Guatemalan electronic wallet Akisi App.
Latin America has lately seen tremendous growth in biometrics security for digital services. FacePhi, for instance, has entered biometric partnerships with financial institutions in Peru and Argentina, while Ubisecure partnered with Seguridad América to bring its customer identity and access management (CIAM) offerings to Latin America.
A 2019 survey from Mastercard found regional e-commerce growth in Latin American and the Caribbean was driven by millennials, with an overwhelming majority of consumers saying biometrics are their preferred authentication method for online payments.