“The agreement should further raise FacePhi’s profile in the financial services sector in which it specializes…”
FacePhi has a new client, and it may be its biggest yet: The Spain-based mobile biometrics specialist has announced a new partnership with ICBC.
As Valencia Plaza reports, ICBC is the biggest bank in the world by asset volume; and while the terms of the companies’ agreement have not been disclosed, it’s likely FacePhi’s most lucrative deal so far.
The deal will see ICBC’s Argentinian subsidiary implement FacePhi’s mobile authentication platform, Selphi, which implements facial recognition via smartphone cameras to confirm users’ identities. The platform recently attained FIDO UAF certification, and has since been integrated into the BioConnect multimodal authentication platform, testifying to its versatility.
The agreement should further raise FacePhi’s profile in the financial services sector in which it specializes, with ICBC becoming the young company’s thirteenth client; and it could give Selphi a boost beyond the FinTech sector as well.
Source: Valencia Plaza