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Facephi Enters the Japanese Identity and Fraud-Prevention Market via Hancom
Globenewswire· 2026-02-25 07:00
Facephi Enters the Japanese Identity and Fraud-Prevention Market via Hancom Cyberlinks (TSE Tokyo: 3683), a Japanese cloud services provider, has adopted Hancom AUTH, a SDK/platform for identity verification and facial authentication powered by Facephi’s AI biometric authentication technology.Facephi’s facial and behavioral biometric engine forms the foundation of Hancom’s AI solutions deployed in Japan.Supports eKYC and digital identity verification for both public and private sectors.Marks a major interna ...
Facephi to Report First Half 2025 Financial Results on October 30, 2025
Globenewswire· 2025-10-07 06:05
Company Overview - Facephi Biometría, SA is a Spanish technology leader specializing in global digital identity protection and verification [3] - The company focuses on security and data integrity, aiming to create safer, more accessible, and fraud-free processes [3] - Facephi has over a decade of experience in developing technologies for safeguarding digital identity and operates in over 25 countries [4] Upcoming Financial Results - Facephi will release its financial results for the first half of 2025 on October 30, 2025, after market close [1] - A webcast to discuss these results is scheduled for November 4, 2025, at 10:00 a.m. CT [2] - The webcast will be accessible via Facephi's Investor Relations website, with a replay available shortly after the event [2]
Eastnets and Facephi forge strategic alliance to create comprehensive global fraud defense ecosystem
Globenewswire· 2025-09-30 17:48
Core Insights - The strategic partnership between Eastnets and Facephi aims to enhance digital financial security and combat financial crime globally [1][2][3] Group 1: Partnership Overview - Eastnets brings over 40 years of expertise in compliance, AML, sanctions screening, and transaction monitoring [2][6] - Facephi specializes in biometric digital identity verification, providing multichannel technology for authentication [2][7] - The collaboration creates the first end-to-end anti-fraud defense ecosystem for banks and financial institutions [2][3] Group 2: Market Context - In 2023, $3.1 trillion in illicit funds flowed through the financial system, with annual compliance costs reaching $206 billion [4] - The digital identity market is projected to grow at a CAGR of over 16% through 2029, indicating significant opportunities for integrated security and compliance solutions [4] Group 3: Strategic Goals - The partnership aims to reshape the fight against financial crime by merging compliance and biometric technologies [5] - The focus is on protecting financial institutions and their customers while enabling safe and inclusive finance [5] - The alliance seeks to provide a powerful, inclusive defense against evolving regulatory challenges [5] Group 4: Technological Innovations - Advanced biometric onboarding processes are designed to be fast, secure, and user-friendly, reducing drop-offs and promoting financial inclusion [10] - AI-powered monitoring enhances AML workflows for mule account detection and prevention [10] - Multi-layer authentication and intelligent compliance solutions are integrated to protect against identity theft and streamline compliance workflows [10]
Facephi technology for HancomWith secures Good Software (GS), top-level certification for public sector deployment in South Korea
Globenewswire· 2025-09-23 08:16
Core Insights - Facephi's biometric technology has achieved Grade 1 certification in South Korea, validating its compliance with national software quality standards for public-sector procurement [1][2][5] - The Hancom Auth v1.1 platform utilizes Facephi's advanced facial recognition and passive liveness detection technology, enhancing identity verification security and user experience [3][4] - The certification underscores the strategic partnership between Facephi and Hancom, with Hancom holding exclusive licensing rights to Facephi's technology in the Asia-Pacific region [5][6] Company Overview - Facephi specializes in digital identity protection and verification, focusing on data security and integrity [6][7] - The company has over a decade of experience and operates in 30 countries, providing innovative solutions to address digital security challenges [7]
Facephi Named Representative Vendor by Gartner(R) in the Market Guide for User Authentication 2025
Globenewswire· 2025-09-03 14:38
Core Insights - Facephi has been recognized by Gartner as a Representative Vendor in the Market Guide for User Authentication 2025 and featured in the Hype Cycle for Digital Identity 2025, highlighting its position in the digital identity verification market [1][14] Company Overview - Facephi specializes in digital identity verification, combining facial, fingerprint, and voice biometrics with passive liveness detection and behavioral analytics to enhance security in banking and regulated sectors [2][5] - The company operates in over 30 countries, reinforcing its status as a leading provider in the rapidly growing digital authentication market, driven by online fraud and regulatory demands [2][10] Technological Advancements - Facephi's technology integrates multi-biometric authentication, behavioral analysis, and passive liveness detection into a unified platform, which helps reduce account takeover and digital fraud while maintaining user experience [4][5] - The company offers passwordless authentication and phishing-resistant multi-factor authentication (MFA), ensuring compliance with regulations and enhancing security [6][9] Market Trends - Gartner predicts that by 2029, organizations using phishing-resistant MFA will experience 80% fewer credential-based security breaches compared to those relying on traditional methods, indicating a significant shift in security practices [3] - The increasing sophistication of cyber threats necessitates advanced authentication methods, which Facephi addresses through its innovative solutions [6][7] Recognition and Achievements - In March, Facephi received recognition from the U.S. Department of Homeland Security for its excellence in presentation attack detection, ranking highly according to the National Institute of Standards and Technology (NIST) [7]
In response to the rise in injection attacks, technology company Facephi takes action to strengthen and secure digital identity processes
Globenewswire· 2025-07-31 19:14
Core Insights - Facephi has launched a new feature called Advanced Injection Defense to enhance digital identity protection against deepfakes and manipulated media [1][2] - The feature integrates artificial intelligence and forensic image analysis to detect and block injection attacks, addressing the rising threat of digital identity fraud [2][4] Group 1: Company Overview - Facephi is a leading provider in the identity verification sector, focusing on verified digital identity solutions [1] - The company aims to restore trust in digital interactions by ensuring the authenticity of each step in the verification process [6] Group 2: Product Features - Advanced Injection Defense utilizes advanced detection methods for injection attacks, device emulation, and manipulation of capture channels [4] - The solution evaluates both visual content and the method of capture, identifying signs of alteration or simulation [4] Group 3: Market Relevance - The new feature is part of Facephi's Behavioral Biometrics solution and can be integrated into user onboarding and authentication processes [5] - It complies with regulatory standards and meets high-security requirements across various sectors, including banking, healthcare, telecommunications, and public administration [5]
Facephi Enhances Digital Security with Advanced Behavioral Biometrics to Prevent Sophisticated Real-Time Fraud
Globenewswire· 2025-06-09 15:57
Core Insights - Facephi is addressing the challenge of real-time fraud detection in the digital world through its Behavioral Biometrics solution, which analyzes over 3,000 contextual signals to create unique behavioral profiles for users [1][6] Company Overview - Facephi is a Spanish technology company specializing in digital identity protection and verification, recognized for its commitment to data security and integrity [7] - The company has over a decade of experience in developing technologies focused on digital identity protection and operates in more than 25 countries, processing over 500 million transactions [8] Product Features - The Behavioral Biometrics solution creates a 'cyber-DNA' for users based on individual characteristics in their interactions with devices, enabling highly accurate verification [2] - The system integrates artificial intelligence and contextual analysis to continuously assess risk based on user interactions, adapting to new threats [3][9] - It evaluates various parameters, including device operation, behavioral patterns, and contextual information such as geolocation and transaction history [4][5] Security Capabilities - Facephi's technology helps prevent identity theft and new account fraud (NAF) by detecting suspicious behaviors, achieving over 99% accuracy in identifying legitimate users within milliseconds [6] - The solution generates alerts for detected anomalies and allows businesses to configure automatic handling of fraud cases [6]
Facephi Brings Its AI-Driven Biometric ID Verification and Fraud Protection Services to AWS Marketplace
Globenewswire· 2025-05-07 05:00
Core Insights - Facephi Biometría, a Spanish technology leader in digital identity protection, has launched its biometric AI-driven identity verification solutions on AWS Marketplace, enhancing accessibility for organizations of all sizes [1][2] Group 1: Company Overview - Facephi specializes in digital identity protection and verification, focusing on security and data integrity [3] - The company has over a decade of experience in developing technologies for safeguarding digital identity and operates in over 25 countries [4] Group 2: Product Offerings - The services available on AWS Marketplace include Onboarding, Authentication, and Fraud Protection & IDV Suite, all powered by AI and machine learning [5][6] - Onboarding service automates identity verification through document capture, facial biometrics, and liveness detection, ensuring compliance with KYC and AML regulations [6] - Authentication service provides passwordless access using facial biometrics, enhancing security and user experience while complying with global standards [6] - Fraud Protection & IDV Suite offers real-time fraud prevention and is compliant with GDPR, AML, and eIDAS regulations [6]