Veritran and FaceTec Partner to Deliver Secure Financial Digital Experiences with 3D Biometric Technology
MIAMI, May 4, 2021 /PRNewswire/ -- Veritran, a global company that facilitates digital transformation through its Enterprise Low-Code Platform, and FaceTec, a world leader in 3D face authentication technology, announced a strategic partnership intended to bring intuitive 3D face matching to Veritran's Low-Code Platform solutions.
Veritran is continuing to drive disruptive innovation through its financial digital solutions offering by incorporating FaceTec's 3D identification technology into its security suite, adding a new layer of protection to the millions of transactions executed daily by its Low-Code Platform. With this new partnership, Veritran's clients will have access to a leading biometric 3D solution for digital onboardings, login processes, and transaction authentications for payments and transfers. FaceTec also allows for integration with existing third-party systems, generating a perfect harmony of data encryption and anti-fraud tools for Veritran's clients.
"We are very excited to expand our global footprint by partnering with Veritran to bing our industry-leading biometric offerings to a new segment of end-users," said Kevin Alan Tussy, CEO at FaceTec. "Protecting end-users from ever-evolving cyber threats and providing technological advances to improve the user experience will make it safer and easier to conduct in-app and digital transactions."
With the ultimate goal of ensuring that only legitimate users have access to sensitive accounts and the information within, FaceTec's Liveness feature verifies the user's identity in real-time, matching the user's 3D FaceMap to their photo ID. Each time the user returns, FaceTec's ongoing authentication proves Liveness and compares their new 3D FaceMap to the one enrolled. If matched, access is granted with no password required.
"We are pleased to start offering FaceTec's industry leading theft protection and security solutions to our clients and their end users," said Omar Arab, Head of Global Strategic Alliances at Veritran. "The increased use of mobile banking applications due to the global COVID-19 pandemic has shown that security of digital applications is of upmost importance, and we value FaceTec's partnership in helping us create more secure transactions by using a world-class 3D face authentication solution."
The feature is now available for clients worldwide.
Focused on driving digital transformation, the company integrates exponential technologies into legacy systems, improving deployment times and delivery costs without writing a single line of code.
Veritran's Low-Code Platform is used by more than 50 clients, reaching 25 million users who safely run 25 billion transactions annually.
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