Veriff is expanding its portfolio with a new Biometric Authentication offering. Like its existing Face Match solution, Biometric Authentication is geared more toward account logins than new user onboarding, and confirms people’s identities with facial recognition.
To use Biometric Authentication, end users will first need to register their face and their identity with the organization that has deployed the service. After that, they will only need to take a selfie the next time they want to gain access to their account. The system will compare that new selfie to the photo already on file to confirm that the two faces are a match.
In that regard, Biometric Authentication is designed to enable passwordless authentication while still delivering a high level of security. The solution comes with liveness detection to prevent spoofing and ensure that the person logging in is indeed a recognized user.
The selfie authentication process can be completed in as little as one second. Veriff noted that fraudulent activity went up 61 percent in the past year, and suggested that Biometric Authentication can help mitigate that threat. For example, the platform can thwart account takeover attacks, or provide more assurance for those conducting high-value transactions.
“The global pandemic and move towards remote and hybrid work fueled significant paradigm shifts, creating an increased demand for online identity verification,” said Veriff Co-Founder and CPO Janer Gorohhov. “Veriff understands that the future of internet safety is driven by biometric authentication due to its convenience and security. Veriff’s solution is quick and effective to confirm that a returning user is who they claim to be.”
Veriff raised $69 million in Series B funding back in 2021. The company has since introduced an identity verification solution built specifically for the HR industry, and delivered employee onboarding services for the hiring and payroll specialist Deel.
(Originally posted on FindBiometrics)
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