• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Banco Bolivariano Chooses FacePhi for Biometric Onboarding

July 2, 2019

“We keep on considering the Latin American market as a strategic point in our corporate expansion, which is why we continue to bet on consolidating our position in this area.”- Javier Mira, CEO, FacePhi

Ecuador's Banco Bolivariano Chooses FacePhi for Biometric Onboarding

Biometric onboarding and authentication specialist FacePhi has further cemented its leading position in the Latin American market with a new agreement with Ecuador’s Banco Bolivariano.

The bank has opted to use FacePhi’s selfie-based biometric onboarding solution, the aptly named SelphID, to let end customers open new accounts through the web or mobile apps. Users will be able to confirm their identities thanks to FacePhi’s facial recognition technology, which can match their uploaded images to their official ID.

Coming soon after the announcement of FacePhi’s partnership with HSBC Uruguay, the development further establishes FacePhi’s extensive presence in Latin America, a market that CEO Javier Mira described as “booming” last autumn.

Commenting on this latest agreement, Mira called it “a reinforcement” of a business development strategy that “has allowed us to record the best economic results in our history with a 66% growth in our turnover” since 2017. “We keep on considering the Latin American market as a strategic point in our corporate expansion, which is why we continue to bet on consolidating our position in this area.”

That having been said, FacePhi also has global expansion ambitions, having announced at the end of May that it was opening a new APAC-focused subsidiary headquartered in South Korea.

(Originally posted on FindBiometrics)

Filed Under: Industry News Tagged With: Biometric, biometric onboarding, biometrics, face biometrics, FacePhi, facial recognition, FinTech, LATAM, Latin America, selfie authentication, SelphID

Related News & Articles

Acuant Provides TRAXX with Automated Onboarding Services

Samsung to Give Up On In-Display Sensor for Note 9: KGI Analyst

Indonesian Authorities Team with Digital Identity Platform to Improve Fuel Subsidy Program

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Another e-Betting Platform Leverages Biometric KYC, Care of Jumio
  • Thai Authorities Approve Mobile ID for Airport Boarding
  • New Yoti Solution Ties Biometrics to e-Signatures
  • Kenya’s New President Pushes for Digital ID By Year’s End
  • MDL, Digital ID Gain Momentum in State Efforts

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld