Biometrics and identity solution providers across Europe, including FacePhi, iDenfy and Qoobis, are unveiling details of their new partnerships with a particular focus on selfies as a form of onboarding for financial services and fintech customers. Meanwhile, Blinking has added a new feature and PXL Vision a new delivery model to their remote customer onboarding solutions.

FacePhi, iDenfy and Qoobiss win selfie customers

Spanish FacePhi will provide digital onboarding and facial authentication technology to BAC Credomatic, a South American financial group with 4.2 million customers in El Salvador, Guatemala, Honduras, Costa Rica, Panama and Nicaragua. It will allow customers to create bank accounts with a smartphone by first taking a validated government-issued photo ID. Next, the user takes a selfie that will be subjected to facial recognition and authenticates it for the financial institution’s banking and transaction apps.

“We look forward to tackling this project and contributing to the innovation efforts of an entity that has already realized that more than half of its banking transactions are carried out via online and mobile banking services”, explains Jorge Sanz, CRO of FacePhi.

Lithuania’s iDenfy partners with Alternative Payments, a Lithuanian fintech company, on a fraud prevention solution that leverages facial recognition.

The identity verification company says it can perform identity verification in less than a minute by scanning databases, identifying countries of origin of documents and automatically reviewing IP addresses. It also onboards and checks in customers with its AI-based facial recognition technology which boasts a 98.4% accuracy rate, according to iDenfy.

“iDenfy’s automatic document authentication, which quickly recognizes documents by type and country, has helped us achieve one of our goals: to have a faster and more secure identity verification process. Their user-friendly interface provides our customers with a pleasant overall experience, and for that, we are grateful to them,” says Mindaugas Rizgelis, CEO of Alternative Payments.

Romanian Qoobiss will now verify the identification data of customers of the financial institution Credius through biometric liveness checks carried out with a selfie.

Alexandru Rizea, CTO of Qoobiss, explains that its technology also scans identity documents, extracts the data, verifies the user’s identity and validates the document. Andrei Buzgan, CEO of Credius, explains that Qoobiss’ identity verification solution has reduced the time it takes to complete an online application for a fully automated online loan to less than 30 seconds.

The selfie verification process would take less than three seconds, according to a Qoobiss press release.

Blink joins IPification to add phone verification

Serbian onboarding and digital ID company Blinking will add IPificationmobile phone verification to its digital identity platform to replace its SMS verification method.

“By introducing an additional layer of identity verification, Blinking will bring added value to its customers. IPification allows us to offer our customers the possibility of having more confidence in their end users due to the ownership of a mobile phone and the plans used. This is essential to reduce risk and build trust between companies and their customers. says Milos Milovanovic, co-founder and COO of Blinking.

PXL Vision Introduces Ident SaaS Integration

Switzerland Vision PXLan identity verification technology provider, is launching its software-as-a-service solution PXL Ident with AI-supported biometric identification to offer businesses a way to verify identities online and reduce fraud.

PXL Ident offers automated identity checks based on four modules for a digitized onboarding experience that includes customer registration, biometric identity verification, additional checks and electronic signature verification.

The solution can verify customer data and guide them to a contract in seconds, while eliminating manual identity checks, according to the announcement. The benefits are to reduce fraud and minimize effort for customers and a company’s human and financial resource departments, adds PXL Vision.

Michael Born, CEO of PXL Vision, says, “There is good reason for the hype around digital transformation. Simple but decisive interventions can lead to massive improvements in safety, operational efficiency as well as exceptional customer experiences.

The company is ISO 27001 compliant for information security management system, a press release said.

Article topics

authentication | biometrics | Flashing | digital identity | verification of documents | facial biometrics | FacePhi | iDenfy | identity verification | integration | Vision PXL | Qoobiss