FacePhi, Creditel join forces for biometric digital onboarding solution

Wednesday 15 April 2020 09:48 CET | News

FacePhi has teamed up with Uruguay-based financial institution Creditel, a subsidiary of Grupo Santander, to provide it with biometric digital onboarding tech.

As part of the agreement, Creditel users will leverage FacePhi’s biometric solution SelphID, available for Android and iOS, to facilitate user experience and boost security when opening an account online. For authentication, the user has to take a photo of the government ID, which will be compared to a selfie the user also provides.

In April 2019, FacePhi partnered with HSBC Uruguay, a subsidiary of the HSBC Group, to provide it with biometric identification technology. On the other hand, Creditel was established in 1993 to grant cash loans by telephone and was purchased in 2012 by Grupo Santander. The company released its mobile app in 2016 as an informative tool, and an upgraded version was released in 2017 to move branch activity to customer’s mobile devices.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: FacePhi , biometrics, onboarding, Uruguay, financial institution, Creditel, security, government ID, identification, mobile app, cash loans
Categories: Fraud & Financial Crime
Countries: Uruguay
This article is part of category

Fraud & Financial Crime