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Biometric onboarding partnerships announced by FacePhi, Acuant

Refinitiv partners to provide risk intelligence, France to tighten crypto KYC

biometric facial recognition

The availability and adoption of mobile onboarding solutions with facial recognition are increasing, with a new biometric technology integration and distribution partnership signed by FacePhi, and a new customer win for Acuant, while Refinitiv is adding risk intelligence to a new partner’s KYC service. The onboarding and remote authentication requirements for cryptocurrency service providers in France, meanwhile, are about to become significantly more stringent.

FacePhi partners with everis

Technology consulting and outsourcing company everis is integrating biometric digital onboarding and facial recognition solutions from FacePhi into its service portfolio to provide them to its customer base in the U.S. and Latin America.

Everis is headquartered in Argentina, and has customers in Brazil, Chile, Columbia, Mexico and Peru among financial sector, banking, health, and large distribution or public administration organizations, according to the announcement.

The companies will partner on new technology services development, advice and technical support for clients, to support digital transformation with comprehensive solutions including blockchain, IoT and biometric technologies.

“Biometrics is one of the technologies that has been making the most progress in recent years, especially associated with the banking and financial sector,” comments FacePhi Ceo Javier Mira. “Thanks to this alliance with everis, a leading multinational company in technology consulting and outsourcing, we can more strongly promote solutions such as 100 percent digital onboarding or access through facial recognition in many other sectors. In addition, the partnership between both companies also opens up the doors to new markets at a time of rapid expansion for FacePhi.”

Acuant chosen for renter screening

Screenlyy, a company providing ID verification and screening services for property rentals and management, has selected Acuant’s face biometrics and identity intelligence technologies to provide guest verification and assessment.

The property management software company has implemented Acuant AssureID and FaceID along with database checks to provide a comprehensive biometric customer ID verification solution, with a process Acuant says is fast, simple and secured through the encryption of all personal data. The solution goves hosts real-time results to enable fasts and informed decisions.

“Our partnership worked smoothly from the start. Acuant worked very closely with us in order to get a thorough understanding of our business goals and requirements and made sure we were provided with the products that have allowed us to achieve our business objectives,” states Brett Wise, founder of Screenlyy. “We were able to do this without significant development resources and most importantly, maintain and improve a positive customer experience.”

The companies say the integration helps Screenlyy customers keep their properties and communities safe, while reducing the time, cost and liability associated with risky guests.

“We are excited to continue the journey with Screenlyy to ensure that they provide a safe and trusted community in the hospitality space,” says Yossi Zekri, president and CEO of Acuant. “Ultimately, they share our mission of empowering trust and making that accessible to all, and they are doing this in an industry that is entirely dependent on trusting and knowing who you are letting into your home and community.”

Refinitiv risk intelligence integrated by Know Your Customer for remote onboarding

RegTech provider Know Your Customer has tapped Refinitiv to integrate its World-Check risk intelligence into the former’s client onboarding solutions.

The integration allows Know Your Customer’s client compliance professionals to access what the announcement calls Refinitiv’s world-leading financial crime information for a more seamless due diligence process.

Refinitiv integrated Trulioo biometrics with its identity verification solution last year.

France to require KYC for all crypto trades

France is about mandate KYC regulations for all cryptocurrency transactions, sources tell The Block, which would open up a new market for biometrics providers.

Simon Polrot, who is president of French cryptocurrency association ADAN, told the publication that the French Finance Ministry is preparing the new stricter regulations in response to the use of cryptocurrency within the country to support terrorists, after the arrest of 39 people in September for funneling funds to Syria.

The Block was able to confirm the news with three other sources, including one from within the government, who said an ordnance will be passed soon, giving cryptocurrency firms six months to comply.

One of the other sources told The Block that onboarding costs for crypto exchanges will spike from around €1 to €5.

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