ONLINE FINANCIAL SERVICES
«We were looking for a reliable, quick facial recognition solution that could boost the effectiveness of our biometric system. We chose FindFace. It offers the most accurate facial recognition results currently available on the market, enabling BiometrID users to improve the security of their assets and prevent fraud. With this, our clients receive the level of protection they need while save money».
THE PROJECT IN NUMBERS
By implementing FindFace, Polygon created an effective tool for financial institutions that significantly reduces the time it takes to register new customers and authenticate existing ones, rendering it more secure and convenient to provide remote services.
Now opening a bank account takes customers 5 minutes or less. They can confirm their identity using mobile devices.
This process does not transfer valuable biometric data to third parties and prevents any unauthorized use.
Facial recognition as part of BiometrID’s two-factor authentication added another layer of protection when making electronic payments and bank transactions.
Facial recognition, when coupled with liveness detection technology, prevents fraud associated with the use of fake data or static image spoofing. It only reacts to the subject’s «live» face. In addition, two-factor authentication frees users from having to memorize passwords. This helps organizations build loyalty and trust in their system while also increasing profitability.
Polygon is a Portuguese technology company specializing in the development of multimodal biometrics for internet and mobile phone solutions that enable multimodal biometric authentication and document validation for web and mobile applications. The BiometrID range of products is Polygon’s flagship solution, enabling financial institutions to introduce fully remote client onboarding without the need to visit a branch even for initial registration.
1. To create a tool enabling financial organizations of any kind to easily and effectively authenticate users of their online services.
2. To increase security and streamline authentication process on the user side, enriching the platform’s functionality with facial biometrics.
The customer has chosen NtechLab’s FindFace to fulfill the objectives.
TO A NEW LEVEL