FB pixel

Incode and Sardine seal deal to provide face and behavioral biometrics to fintech firm

Incode and Sardine seal deal to provide face and behavioral biometrics to fintech firm
 

Incode Technologies and its partner Sardine have a new biometric identity verification client, fintech company Marygold & Co. The duo will provide know your customer (KYC) onboarding process solutions, the companies announced in a release.

San Francisco-headquartered Incode partnered with fraud, compliance and instant settlement software maker Sardine in October 2022. Aside from Incode’s facial recognition, document verification and authentication, Marygold will also have access to Sardine’s behavior biometrics as well as fraud prevention and anti-money laundering (AML) capabilities.

“Legacy banking systems have traditionally relied on manual processes and paper IDs to authenticate someone’s identity, but these are easy to falsify and expose personal private information,” says Ricardo Amper, CEO and founder at Incode. “We’ve learned that people struggle with accurately identifying fraud, which is why we’re harnessing the power of AI and biometrics to help securely verify users’ identities.”

The combination of selfie and behavioral biometrics are a popular combination for protecting financial services. In an example coincident with Incode and Sardine’s new deal, an ANZ Banking Group blog post credits the multi-factor approach to customer onboarding with the discovery of more than 500 attackers attempting to open fraudulent accounts through its ANZ Plus digital banking service.

Incode has been forming other partnerships recently, including with reusable digital identity company Simpello. The two companies agreed in September to build a KYC check biometric platform for the travel industry. In August it joined document fraud detection Snappt to create a solution for property management while signing a deal that could help it offer identity verification services to the U.S. public sector.

The company is also participating in U.S. government research into preventing bias in biometric identity verification processes.

Article Topics

 |   |   |   |   | 

Latest Biometrics News

 

UK school reprimanded by ICO for using facial recognition without DPIA

A school in Chelmsford, Essex, has been reprimanded by the Information Commissioner’s Office (ICO) for the unlawful implementation of facial…

 

Tech5 introduces flexible biometric template protection for its ABIS

Tech5 has developed biometric template protection technology that it says meets the criteria set out in the ISO/IEC 30136 standard….

 

Maza streamlines KYC with Regula biometric and document verification

Regula has integrated its document and biometric verification system into Maza Financial, a fintech company based in the United States,…

 

More ballparks to get biometric entry through MLB’s Go-Ahead Entry

Major League Baseball continues to grow its facial recognition entry program with biometrics from NEC. An article in Sports Business…

 

Inrupt enters growing digital wallet market with pitch from WWW inventor

Inrupt has launched a digital wallet, which comes with a notable endorsement from an internet pioneer. A press release says…

 

OIX calls on new UK government to accelerate digital ID rollout

The UK should work toward a digital wallet strategy, provide clarity on how ID will work across the public and…

Comments

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