As part of the agreement, Credicorp will use SelphID to facilitate the user experience and security of its onboarding processes through the web and iOS or Android-based mobile phones. The Spain-based biometrics company entered Panama’s financial services market in 2019 with three contracts, while Credicorp has already positioned itself as a reference agent for ecommerce and online payment transactions.
Moreover, Biometric Update reports that the company had the highest-growth value on the Spanish Stock Exchange over 2019. FacePhi also reached a series of international agreements, and arrived on the Asian market. The company attributes its stock value to those developments and projections for its biometric tech sales.
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