Facephi named a Sample Vendor in the 2024 Gartner® Hype Cycle™ for Financial Crime
Cryptocurrency
Onboard users safely, mitigate AML and
identity fraud
With large amounts of crypto being traded daily, the space is under a growing risk for money laundering and identity fraud. According to a recent research in just 2021, over 4.25 billion USD was lost to crypto crime. Without proper security measures in place, crypto companies are under a risk for fraudulent activity and identity theft.
Furthermore, the Fifth and Sixth Money Laundering Directives mandated virtual currency and custodian wallet providers to be registered with their domestic authorities and meet the same KYC requirements as financial institutions. Exchanges and wallets must demonstrate that they have appropriate KYC and AML compliance programs in place.
Download our use case and discover how biometrics can protect their cryptocurrency.
Secure the identity of your users and prevent unauthorised access.
How can Facephi help?
Facephi’s secure biometric-based digital onboarding and identity verification solutions help crypto companies to prevent identity theft and money laundering without compromising on user experience.
Secure and frictionless
new user onboarding
Ensure you are engaging genuine customers, onboard them fast.
Advanced user experience
Requires minimal cooperation from an end user.
Strong protection against fraud with a bank-grade security tech
Mitigate identity theft, fishing attacks, money laundering, terrorist financing, etc.
Robust KYC and AML compliance
Put secure KYC and AML procedures in place to comply with regulations.
Additional security options
Sanctions, PEP and AML screening, video onboarding, ID document validation and much more.
Seamless integration
Supported on any device, iOS or Android. Available as a SaaS or on-prem solution.
Use cases
Digital user onboarding:
Onboard users safely in seconds. Users only need an ID document and a selfie.
Real-time OCR technology automatically extracts the data from the ID document.
Passive Liveness determines whether the user is a live person in presence.
Matching algorithm compares the photo on the ID document to the user’s selfie, determining likeness.
User authentication:
Log your users back by validating their identity against their stored information.
No need for passwords.
A simple quick selfie will grant access and allow for a high-value trade or a wallet content transfer or any other operation on virtual currency.
Ongoing transaction monitoring:
Control and monitor operations in
real-time.
Register transactions, keep evidence, produce audit, etc.
A flexible SDK with multiple modules.
Build and adapt to your requirements quickly.
Why Facephi?
- Onboard new users in <5 seconds
- Advanced real-time OCR technology
- Facial biometrics with Passive liveness
- Consent-based ethical biometric technology
- Authenticate members instantly
- NFC reading
- Well-trained AI systems
- Bank-grade security
- 99.998% hit rate
- Available on iOS, Android and web
- Flexible SDK with modules
- Supported on mobile and desktop
Facephi is certified
Clients
What they say about us
Banco ICBC
Online Banking Manager
Facephi not only provides the best support but is also the most secure and accurate of all the biometrics companies we assessed.
Gonzalo Díaz
Banco Supervielle
Pension Team Leader
Facephi’s product is highly innovative and breaks new ground in the industry. Their recognition algorithm enables us to take another step on the road to digital transformation.
Rodrigo Santos
Banco Industrial
Digital Manager
Thanks to the wonderful user experience, use of our mobile banking application has increased by 40% in the first 3 months since we implemented Selphi.
Javier Ramírez
Banco Guayaquil
Architecture & Innovation Technology Manager
Banco Guayaquil, in its constant search for innovation, has found a highly valuable partner in Facephi for its digital strategy.
Franz Zambrano
Cencosud Scotiabank
Digital Factory Manager
After 6 months, more than 10,000 digital cards have already been created through digital onboarding.
Ariel Espinoza
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