Facial recognition specialists Facephi have entered an agreement with Bolivian pensions and securities firm BBVA Prevision that will see its tech used for customer registration.The deal makes BVA the first fund and pension provider in Bolivia to use a biometric recognition system.The implementation of the biometric technology in BBVA Prevision is scheduled to be developed in various phases to guarantee a gradual and effective adaptation. First of all, the service of authentication with facial recognition will be used by employees and beneficiaries of provisions, who really need to provide evidence of their “state of life”.Later, the rest of the users will have the chance to use the technology to access to their mobile apps and web. In this way, they could have access to all the information about their accounts and avoid the visits and the long waiting lines at the offices.FacePhi said the deal was a boost to its strategic plan of internationalization as part of an expansion strategy focussed on the growth in the region.President of FacePhi, Salvador Martí, said: “These type of agreements are of key importance to entities which need to reinforce their security systems to increase final customer loyalty. The software we have developed will close the circle of the three security factors to make any operation to be completely secure: the card, something that the user has; the code, something that he knows; and the face, and something which is unique”.

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