MIAMI, Oct. 25, 2021 /PRNewswire/ -- Veritran, a leading global Low-Code development company, released Face Identity at Money 20/20 in Las Vegas. The solution, part of Veritran Business Solutions' suite, aims to simplify, through the use of facial biometric technology, the daily operations carried out by users of digital channels in the financial, retail and health sectors, among others.
"From onboarding to digital payments, Face Identity implies a new paradigm in any type of operation, creating a novel, fast, secure and friendly experience for the end user. A revolutionary innovation that leaves aside cash, cards or even passwords, since the user can carry out any type of transaction with only their face," explains Marcelo Fondacaro, CCO of Veritran.
Face Identity transforms the development times of different functionalities that use facial biometrics in high demand transactional channels, directly affecting users. Among the channels in which this new solution is applied are online channels and digital apps of banks, wallets (with different payment and card administration modalities), onboarding services, account recovery (biometric authentication against social engineering attacks) and payment ecosystems (omnichannel applications for merchants, among others).
Unlike other methods that use 2D and 3D technologies, Face Identity can measure the face more extensively, analyzing the texture of the skin and reflection of the eyes, among other facial features of the user. In addition, provides the best possible differentiation of twins. All this due to the use of real-time computer vision software and artificial intelligence technology.
This launch is part of Veritran's strategy to offer innovative solutions in the context of digital transformation. To do this, the company uses its Enterprise Low-Code Platform, which was developed to create high-demand digital channels, in a secure and controlled way; with the best time-to-market and without compromising security.
Visitors to Veritran's booth 4511 at Money 20/20 in Las Vegas will be able to experience first-hand how Face Identity enables faster access to digital channels such as e-wallets, through a frictionless and secure onboarding processes.
At Veritran, we believe in improving our clients' business by making their customers' lives better. Through our enterprise Low-Code platform, we speed up and simplify the development of future-proofed immersive digital channels that create a top-notch user experience. We are innovation drivers serving companies worldwide, reaching millions of users, and running billions of secure transactions annually.