FacePhi Forms New Partnership with Peruvian Bank

FacePhi continues to solidify its position in the Latin American market. The facial recognition specialist has announced that it has formed a new partnership with Banco de Crédito del Perú (BCP), which will be deploying FacePhi’s SelphID platform for customer onboarding and authentication.

BCP marks FacePhi’s first foray into Peru, although the company’s client portfolio already includes a number of different financial institutions spread across Latin America. In the past few months alone, the company has formed security partnerships with banks in Ecuador, Uruguay, and Argentina, where FacePhi’s foothold is particularly robust.  

“We have had a very positive and a truly promising year,” said FacePhi CEO Javier Mira. “We have already closed several contracts in Latin America, and we hope to close some more shortly, thus continuing with our expansion plan.” 

The SelphID solution uses facial recognition to match a selfie against the photo on an official government ID for proof of identity when opening a new bank account or performing other banking activities. The technology is compatible with iOS and Android devices, and will also be available to customers who visit BCP’s website.  

FacePhi recently opened a new office in South Korea, turning its attention to the APAC market as it looks to build on its success in Latin America.