FacePhi integrates facial recognition tech into Bantotal products

Thursday 23 August 2018 08:54 CET | News

FacePhi has teamed up with Bantotal, a software developer for financial institutions, to integrate facial recognition technology into Bantotal products.

Bantotal is a banking market leader in Latin American, according to Biometric Update. FacePhi delivers biometric products to the financial services sector. The company’s Selphi solution uses a standard smartphone camera for biometric verification, allowing banks to comply with ‘know your client’ regulations on a smartphone.

The Spain-based mobile biometrics specialist saw a 307% gain in profit in 2017 and now claims more than 20 banks among its client roster, including two of the world’s biggest institutions, HSBC and ICBC, the online publication continues.

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, Bantotal, HSBC, ICBC, Latin America, Spain, biometrics, Selphi, facial recognition, Europe, partnership, fraud prevention, banks
Countries: World


Lunar Way chooses Nets as partner for payments

Published 12 Sep 2019 13:02 CET | World
Danish neobank Lunar Way has chosen Nets, a player in the European payments industry, to deliver its payment solutions....

China ecommerce ranks first globally, report shows

Published 31 Jul 2019 14:36 CET | World
eMarketer has released a new report showing that China’s USD1.94 trillion ecommerce is the largest in the world, with Alibaba Group leading the way....

DCB Bank launches open banking platform

Published 01 Mar 2019 08:45 CET | World
India-based DCB Bank has announced the launch of its open banking platform....

Wirecard issues multi-currency Visa cards for United Money

Published 21 Jan 2019 10:02 CET | World
Wirecard has partnered with United Money to digitise payment processes and issue multi-currency Visa travel cards....

ABN AMRO chooses SIA to access instant payments

Published 23 Mar 2018 14:16 CET | World
ABN AMRO, one of the largest banks in the Netherlands, has decided to connect with SIA to the EBA Clearing’s pan-European instant payments infrastructure RT1. ...