FinTech Solutions Provider Becomes Latest FacePhi Partner

“…FacePhi has emerged as a leader in the Latin American market in particular, reporting a 307 percent year-over-year profit increase in its corporate update at the start of this year.”

A new distribution partner should help to further extend FacePhi‘s reach in the Latin American market.

The company has teamed up with Bantotal, a Uruguay-based software provider for financial services institutions, providing FacePhi with an opportunity to pitch its biometric authentication solution directly to Bantotal’s client network.

That solution is Selphi, a system designed to enable end users to confirm their identities by taking a selfie, gaining passwordless mobile access to their accounts. The technology can also be used for onboarding and enrollment purposes, leveraging SelPhi’s facial recognition to match the selfie images to those in official ID documents, confirming the users’ identities.

It’s an increasingly popular approach to customer onboarding and verification, especially in the financial services sector. For its part, Argentina-based FacePhi has emerged as a leader in the Latin American market in particular, reporting a 307 percent year-over-year profit increase in its corporate update at the start of this year.

Bantotal, formed in 1991, now boasts of a strong, global client base, with over 50 clients in the Latin American and Caribbean regions – a reach that bodes well for FacePhi’s continued success.