Alicante technology company Facephi has reached an agreement with Alicante. American fintech Orokii to license facial recognition technology, as reported by the company itself. A contract that represents a decisive step in the strategy of the firm it is seeking Expanding the North American market.
Orokii is an American company that provides P2P and B2B payment solutions which allows individual users and companies to send money nationally and internationally. It does this through the issuance of USDO fiat tokens, a token backed by the exact dollar, in which the firm holds equivalent reserves. Thus, thanks to technology blockchain signing reduces the cost of these transactions.
Thanks to the agreement made with Facephi, the company will now facilitate transactions using biometric technology. digital identity Also your customers who can register and register through this system.
Alicante company’s software is a biometric patternunique and non-transferable, obtained solely because of users selfies, and a photo of your official identification document. From then on, customers can access their accounts with just a selfie, a significant improvement in user experience.
In this way, feared identity fraudThe main threat to the financial sector is giving its customers maximum confidence.
The implementation of this project represents an “important step” for Facephi. enter the United Statesis a very interesting market with huge growth potential with a very mature fintech industry. This is one of the main verticals we identified in our study. expansion strategy “We will continue to explore possibilities in the North American country,” says Javier Mira, CEO and president of Facephi.
The technology company from Alicante closed last year with its turnover. €22.28 million, after increasing its revenue by 69%. The firm announced a few weeks ago that it has opened a new financing channel with a Swiss investment fund. Beautiful and Green in an operation that will provide a liquidity injection to the tech company 20 million. The contract was closed in order to provide funds to help implement the expansion and growth plans planned for the coming years.
In particular, the funds raised will allow Facephi to increase the significant growth it has experienced in different geographic regions such as Europe and the Middle East, Asia, Latin America and North America.