Facephi has expanded the availability of its identity verification solutions to Temenos Exchange, an open marketplace which offers pre-integrated and approved fintech solutions.
In a statement, the firm said Temenos Exchange users will be able to access a range of solutions covering digital onboarding and KYC, advanced OCR data capture, authentication, Facephi Identity Platform and document verification. Additionally, it will include real-time AML screening, video onboarding and other multi-biometric digital identity verification capabilities.
As financial services continue to digitise and fraud becomes more prevalent managing digital identity has become increasingly important for businesses looking to provide more secure and convenient authentication.
Facephi and Temenos will also collaborate to conduct a POC project to ensure the best adoption of the Facephi’s solutions on Temenos Banking Cloud. Temenos Exchange allows companies to deploy pre-integrated and approved fintech solutions on top of its open platform, enabling banks to accelerate innovation in financial services, while reducing the costs of development.
Martin Bailey, Director of Innovation and Ecosystems, Temenos, said: “Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate and monetise new banking solutions. Joining Temenos Exchange means Facephi can write once and sell its solution across a vast banking audience of more than 3,000 clients in 150 countries.”
Carlos Oderiz, Strategy Director at Facephi, added: “For over ten years, we have been working with partners, customers, and consumers to deliver more protection around digital IDs, contributing to building trust. We look forward to collaborating with Temenos to benefit more organisations around the world.”
