FacePhi has officially confirmed its considerable success in 2019, announcing that audited fiscal results show that its EBITDA grew by 140.37 percent over 2018. Net revenues came in at 8.19 million euros, bringing the biometric authentication specialist’s net EBITDA result to 3.07 million euros, compared to 1.28 million euros in 2018. Net revenue, meanwhile, reflects…
FacePhi has picked up a second financial customer in Uruguay. The facial recognition specialist has announced that it will be delivering the SelphID onboarding and authentication platform for Creditel, which is one of the largest credit providers in the country. SelphID utilizes document and facial recognition to compare a selfie to the photo on an…
FacePhi has been able to maintain all of its primary business operations in the midst of the COVID-19 pandemic. The facial recognition specialist has been able to advance all of its business and R&D initiatives, including the implementation of biometric authentication technology at the Kangbuk Samsung Hospital in Seoul, South Korea. The Kangbuk deployment came about…
New agreements in the APAC sector offer the latest signs of progress for biometric authentication specialist FacePhi. The agreements represent two prongs of a strategic effort. One is a partnership with NSSMART, a South Korean firm offering modernization services for the healthcare sector, while the second is NSSMART’s new agreement with a major South Korean…
Another Argentinian bank has chosen to adopt FacePhi’s SelphID onboarding solution. The facial recognition specialist has announced that it is teaming up with Santander Argentina and Compusistem, the latter of which is the technological partner for the bank. SelphID uses face and document recognition to compare a selfie to the photo on an official ID…
“In a statement announcing the 2019 results, FacePhi noted that it had established 13 major contracts through the course of the year in the LATAM sector, and suggested that it is aiming to replicate the growth trend it has seen in this area in the APAC market…” FacePhi has delivered on its promise of strong…
FacePhi will be getting a boost from COFIDES as it looks to expand its foothold in South Korea. The facial recognition specialist first announced the creation of a FacePhi APAC subsidiary back in May, and has now revealed that it will receive a €200,000 investment from the COFIDES Fund for Foreign Investment Operations for Small…
“FacePhi has indicated that Banesco Panamá will integrate [SelphID] technology into its mobile app and desktop site, allowing customers to open new accounts from the comfort of their personal devices.” FacePhi has solidified its position in the Panama market and in the Latin American region more broadly through a new contract with Banesco Panamá. The…
“It is a breakthrough in our business strategy, since we are entering a new sector in which we had no presence before.” – Javier Mira, CEO, FacePhi Spain-based biometric authentication specialist FacePhi has made its first big leap beyond the financial services sector, announcing that a new partnership with Swiss Medical Group has brought it…
Spain-based biometric authentication specialist FacePhi has received some significant financial backing from Nice & Green, a Swiss investment firm that offers investment capital to small and medium-sized listed companies. The latter has committed to delivering capital valued at 4 million euros through September of 2020. The backing will come in the form of warrants valued…
“The partnership will see Neoris use FacePhi’s biometric technologies used in digitization projects with its clients.” A new strategic partnership could help FacePhi to further expand its reach in the financial services sector. The company has teamed up with Neoris, a Miami-based digitization consultancy with a strong focus on FinTech. The partnership will see Neoris…
Looking back on this week’s most popular articles on Mobile ID World, it’s clear that money was the big theme. Breaking that broad theme down further, a major topic was digital wallets. Mezu and Mastercard announced a new digital debit card for mobile payments, and a cryptocurrency wallet revealed some hard evidence of the security…
FacePhi has found yet another partner for its onboarding services in Argentina. The facial recognition specialist has formed a partnership with Banco del Sol, the online banking arm of the country’s Sancor Seguros group, which will be deploying FacePhi’s SelphID solution for customer onboarding and authentication. Argentina has proved to be a lucrative market for…
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…
“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 Biometric onboarding and authentication specialist FacePhi has further cemented its leading position in the Latin American market with a new agreement…
“The partnership revolves around SelphID, FacePhi’s selfie-driven authentication solution.” FacePhi has further expanded its reach in the Latin American market through a new contract with Banco General de Panamá, which will take advantage of its biometric facial recognition technology for customer onboarding. The agreement marks FacePhi’s first entry into the Panama market. The partnership revolves…
“FacePhi has become one of the authentication industry’s great success stories over the last few years, thanks in large part to its selfie-based authentication solution…” Spain-based biometric authentication specialist FacePhi is looking to dramatically extend its presence in the APAC market, announcing a new subsidiary headquartered in South Korea. The aptly-named FacePhi APAC already has…
“The company gained strong market traction in recent years with its flagship selfie-based mobile authentication solution, and last year dramatically expanded its offerings…” FacePhi closed out its 2018 fiscal year with a turnover of €4.48 million, a 66 percent increase, the company has announced. EBITDA, meanwhile, came in at €1,279,804, compared to €855,929 in 2017,…
“The bank is taking advantage of two of FacePhi’s solutions: SelphID, its pioneering selfie-based authentication platform; and Look&Phi, a biometric solution that focuses specifically on the user’s eyes for authentication. “ FacePhi is consolidating its leading position in Argentina. The company has announced that it has a new partner in the country – Banco Supervielle,…
