US face matching platform FaceTec has partnered with identity verification company Onfido to combat the rising challenge of digital fraud.
Established in 2013, FaceTec’s 3D Face Authentication software anchors digital identity with 3D FaceMaps. The company claims it creates a ‘chain of trust’ from user onboarding to ongoing authentication on all modern smart devices and webcams.
Onfido, meanwhile, markets AI-based technology that assesses whether a user’s government-issued ID is genuine or fraudulent and then compares it against their facial biometrics.
According to FaceTec, the technology partnership – which will use FaceTec’s 3D Liveness Detection AI – will ensure that the legitimate user is present and alive during every authentication session.
FaceTec said, “One-time passwords are inefficient, phishable, add friction, increase costs, and still don’t positively identify the user. Avoiding these compromises and potential dangers, Onfido’s smart, device-agnostic platform focuses on the customer experience, while providing unmatched security by utilizing the most innovative anti-spoofing technology available.”
FaceTec added that Onfido will also use its 3D Face Matching technology to achieve a False Acceptance Rate of around 1/12.8m at a less than 1% false reject rate, even when operating on very low-end devices with low-resolution cameras and environments such as bright outdoor lighting and complete darkness.
FaceTec CEO Kevin Alan Tussy said, “We are honoured to have the opportunity to partner with Onfido, one of the world’s largest and most respected digital identity platform providers, to work together to make the internet a much safer place to be our real selves.
“Our 3D Face Authentication software has already proven liveness for over 180,000,000 unique users on six continents, and features the strongest Level 1-5 Presentation Attack, Deepfake Detection & Camera Bypass Detection available, with no observable bias and support for all modern smart-devices and webcams. With the launch of Onfido Face Authenticate, now every month millions of more users can access the most reliable and trusted face authentication AI.”
Onfido director of biometrics Sarah Munro added, “Offering Onfido Face Authenticate in tandem with our biometric identity verification product, Verify, provides a more complete identity lifecycle solution for businesses.
“Partnering with FaceTec ensures we can go beyond just safely onboarding new users for KYC or compliance purposes, and now offer a safe and frictionless way for users to prove their identity to access their account or provide transaction authorizations within seconds, while allowing businesses to unlock new revenue opportunities for additional digital products and services.”
Copyright © 2021 RegTech Analyst
Copyright © 2018 RegTech Analyst