FacePhi is taking the definitive leap towards leadership in digital identity verification with this multi-biometric, single solution recognition platform, which will be presented at Money20/20 Las Vegas, the largest fintech event in the world. The Spanish firm has launched its new modular platform, FacePhi Identity Platform, a flexible solution capable of combining different biometric solutions within the same tool and available in different architectures, with which to offer greater adaptability to needs in terms of regulatory compliance and particular requirements of any country, industry or use case where it is applied.
The development of this customisable, codeless platform represents an important evolution for the company, which moves from providing individual biometric solutions to providing a tool that allows each company or public entity to design, in a customised way and according to their needs, their digital onboarding processes and authentication. This modular solution incorporates control of operations in real time, a dashboard with the most important performance indicators (KPIs), as well as a record of transactions and statistics, among other functions.
The increase in cybersecurity and greater protection for the user in their digital interactions is another of the highlightable aspects of the FacePhi Identity Platform. Thanks to its combination of different biometric solutions, the platform offers authentication through multiple factors, and is more effective against fraud attempts and identity theft. Furthermore, continuing the philosophy of ‘ethical biometrics’ promoted by the company, the recognition performed by the technology will always continue to be consented to by the user and their information will be treated with maximum privacy -and in accordance with the applicable data protection legislation.
“The development of a multibiometric platform is a natural evolution for FacePhi, both because of our experience in designing different biometric solutions for identity verification and because of the change that our society is experiencing in its relationship with the digital environment,” explains Javier Mira, President and CEO of FacePhi. “In an increasingly digitised world, people need to interact with companies and public administrations more quickly, comfortably and safely, with the guarantee that their personal information will always be processed appropriately and with their prior consent. Our modular platform responds to the need to adapt to all types of casuistry and users, offering a flexible model that allows accessibility to various regions, industries and use cases.”
FacePhi is currently in an important moment of expansion, with the consolidation of its presence in South Korea, maintaining a strong leadership in its sector in Latin America and entering new markets such as Chile, Vietnam and Nigeria. In parallel, the company has grown in its structure, doubling its team of professionals in 2020 and currently employing more than 150 people. In the last year, the Spanish firm has also initiated a change in its marketing model through partners of great international relevance, expanding its ability to enter new markets and sectors.
After the presentation of its latest product, the company will remain at Money20/20 until the close of the current edition, which is being held in Las Vegas and will run until October 27th