Nubi launches biometric app with FacePhi tech
18 May 2020 15:09 GMT

Nubi Fintech has incorporated FacePhi's biometric recognition technology into its services in order to manage a secure authentication and enhance user experience. The signing of this new agreement has been conducted by means of the collaboration of the technology partner, Compusistem. This latest commercial movement makes FacePhi to take a further step in its commercial strategy within the Latin American market.

The SelphID biometric solution makes Nubi App users to register themselves by simply capturing the identity document on both sides and taking a selfie that is compared to the photograph of the document. In this way, the facial recognition system verifies that it is the same person and enables the Nubi user to operate in the App with greater transparency and security.

This technology will offer a differentiating experience within Nubi Account, a mobile application for Android devices, which will be available soon, and which allows any user to pay, access a prepaid International VISA Card and control all their expenses from their mobile phone, without opening or maintenance costs.

In this sense, FacePhi CEO, Javier Mira, has noted that "Argentina is one of our main growth cornerstones within the Latin American market, since we maintain a strong activity in this country".  "We want our activity to continue growing in this country and in the rest of the LATAM area to consolidate our position there, without neglecting other strategic markets in our expansion plan such as Asia-Pacific, in which we have already achieved a first contract in South Korea” specified Mira.

As for Mariano Chiavetti, CTO/COO of Nubi considered: “We want to guarantee the maximum security for our users, with a first-tier technology solution, chosen by the most important financial institutions worldwide. In addition to technology, it has an expert team who constantly incorporates enhancements focused on reducing experience uneasiness”.

FacePhi's biometric recognition technology is used by more than 10 million users worldwide, who have generated more than 850 million authentications so far. The biometric recognition solutions offered by this company are characterized by having a hit rate close to 99.998%, which reduces the risk of fraud to zero.

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