FB pixel

VeriFace, NamaChain each launch face biometric customer onboarding solutions

Innovatrics algorithms power VeriFace onboarding service launch
VeriFace, NamaChain each launch face biometric customer onboarding solutions

VeriFace has launched a comprehensive customer onboarding service using Innovatrics’ face biometrics and liveness checks.

A customer takes a picture of their ID and selfie for biometric matching via a phone or webcam. It verifies the ID and performs facial recognition and liveness detection, while also verifying a customer’s age and searching for lost or stolen documents as part of an authenticity check. VeriFace then provides AML services to recognize beneficial owners, politically exposed persons and sanctioned persons based on the verified identity.

“The global demand for secure and user-friendly online identity verification technology continues to grow,” says VeriFace founder and CEO Roland Kraslan.

The biometrics integration partnership is similar to one Innovatrics recently signed with Veritran.

NamaChain rolls out blockchain and biometrics for Web 3.0

NamaChain, a Toronto, Canada, company, has launched a customer onboarding KYC/AML solution with biometrics powered by blockchain to ensure that its customers can control their identity and data in the Web 3.0.

NamaChain says it is addressing the higher level of regulation and scrutiny for fraud and money laundering with Web 3.0, including recent developments like NFTs, decentralized currencies, trading platforms and the metaverse.

The company says it simplifies a KYC and AML process that is often challenging and expensive, tangled in many jurisdictions and involves customers with individual risk appetites. To resolve these difficulties, NamaChain claims to support multiple ID documents from 200 countries, performs facial recognition for identity verification, actively monitors and audits up to seven years. The company also says it protects its users’ identity. Not even NamaChain can access the data without explicit consent.

Mayukh Gon, CEO of NamaChain, says his company “eliminates inefficiencies of the existing KYC/AML systems.”

Its globally compliant KYC/AML service extends to full AML compliance, according to Gon. By integrating that module, enterprises “can ensure secure and quick KYC/AML practices of multiple jurisdictions at half the market cost.”

Developers are finding ways to incorporate biometrics into distributed ledger systems. A report by Frost & Sullivan suggests that developments in AI, blockchain and biometrics will enable the creation of global services including digital ID, affective behavioral biometrics, digital government, ecommerce, banking and airport security by 2030.

Article Topics

 |   |   |   |   |   |   |   |   |   | 

Latest Biometrics News


Real-time remote biometrics banned in EU with final green light for AI Act

The European Union’s Artificial Intelligence Act received a final green light allowing it to become the world’s first major regulation…


Ethiopian capital Addis Ababa unveiled as host of 2025 ID4Africa AGM

It’s not only the case with sporting events like the FIFA World Cup, or the Olympic Games. The host of…


Ryanair accused of GDPR violations with biometric passenger verification

Travel policy advocacy group eu travel tech has lodged a formal complaint with the French and Belgian Data Protection Authorities…


Police in US cities that ban facial recognition asking others to do it for them

A major report in the Washington Post has found that law enforcement officers in U.S. several cities where facial recognition…


European Union Digital Identity Regulation takes effect

The European Union Digital Identity (EUDI) Regulation entered into force on Monday meaning that Member States will be required to…


Real-world insight into building impactful digital ID programs at ID4Africa Day 2

Executives of digital ID and biometrics companies took the front seat on Day 2 of the ID4Africa annual general meeting…


Leave a Reply

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

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events