Only a week after it was announced to the public First contract in the United StatesAlicante Facephi’s technology announces its entry into two new markets –United Arab Emirates and Saudi Arabia- Whatever he assumes his landing in the Middle East.
Specifically, the company managed by javier look Regulator BME Growth – the emerging companies market in which it is listed – communicated the agreement it signed. Qashio Financial Services Platform, It will use facial recognition technology developed by the company from Alicante for the recruitment process – digital records – and for verifying the identity of its customers.
Qashio, expense control and card printing corporate credit card that helps businesses keep track of their accounting. Through the implementation of Facephi’s technology, corporate customers will improve user experience and security when they enroll their employees to issue and authorize corporate credit and debit cards, as announced by the company.
What Qashio customers need to do with their mobile devices a photo on your identity document so Facephi technology on both sides read and capture your data in both Latin and Arabic characters. Next, they’ll take a selfie where Facephi will extract a biometric pattern from their face, which they’ll compare to the photo in their official documentation to verify their identity.
The contract is a company of Alicante. Private subsidiary for the EMEA area Expanding its activity –Europe, Middle East and Asia for its English acronym. This deal “represents an important milestone in the company’s expansion strategy. A year ago we made a bet on marketing our solutions in EMEA and signing this first contract with a fintech in the region shows we are on the right track,” he said. . head of this department, Enrico Montagnino.
on his behalf Jonathan LauCo-founder of CPO and Qashio, “a consolidated supplier At Facephi, it allows us to provide services in both English and Arabic in multiple countries, and we are improving our offering by providing global security and KYC standards to customers in the region. Facephi’s biometric technology will help us improve our processes in a more agile, faster and simpler way with the peace of mind that we will avoid digital identity theft attacks.”
The Alicante-based technology company closed last year with a turnover of 22.28 million euros, increasing its revenue by 69%. The company announced the opening of a branch a few weeks ago. New way to finance with Swiss investment fund Nice & Green in an operation that will provide the technology company with up to 20 million liquidity injections. 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.