“The release of this product will mean the consolidation of our position within the biometric security market in financial entities.” – Javier Mira, CEO, FacePhi
FacePhi has dramatically expanded its solutions portfolio, taking its flagship Selphi solution and building a “zero risk” security platform around it.
Dubbed “inPhinite”, the platform comprises six key elements. There is, of course, Selphi, the facial recognition-based authentication system that lets end users confirm their identities with a selfie. But it has also now been extended to digital onboarding with the new “SelphID” system, and is complemented by “Look&Phi”, a periocular recognition system; 4Phingers, which uses a mobile camera to scan four fingerprints simultaneously; Phivox, a voice recognition system; and a signature verification system called SignPhi.
It’s the product of some substantial collaboration with industry partners, though in its initial announcement FacePhi did not name them outright. The company did indicate, however, that it worked with two American firms, one focused on fingerprint recognition and the other on voice biometrics; while a South Korea-based partner helped to develop the SignPhi component.
Commenting on inPhinite, FacePhi CEO Javier Mira emphasized its importance in the company’s overarching business strategy, asserting that “the release of this product will mean the consolidation of our position within the biometric security market in financial entities.”
Accordingly, FacePhi plans to show off the solution at the upcoming Money20/20 event in Las Vegas, which runs from October 21st to 24th. And with mobile and biometric technologies having taken a growing share of the spotlight at Money20/20 over the last few years, inPhinite is bound to attract a lot of attention.