Singapore-based company Cynopsis Solutions has partnered with FaceTec to provide a secure ID verification solution, empowered with 3D liveness detection.
To prevent ID theft and fraud it is more important than ever to ensure only the legitimate account holder is allowed access to their sensitive data. Therefore, Cynopsis Solutions’ Digital User Onboarding platform, called ARES, prevents this issue, as it integrates into clients’ frameworks and provides them with a comprehensive digital non-face-to-face (e-KYC) user onboarding experience.
“Digital Authentication is now the primary way we ensure users are who they purport to be, so it is essential to verify that the person creating or accessing an account is not just providing the user’s stolen information, but that the real user is physically present during the interaction, and is doing so from any device,” said Kevin Alan Tussy, CEO of FaceTec. “Our AI verifies that the user is legitimate, and can prevent unauthorized account access that leads to account takeover, ID theft and fraud, money laundering, and many other cyber attacks. Our unrivaled biometric security layers add confidence to Cynopsis’ already highly effective ARES onboarding solution, and provide their customers with a significant competitive advantage.”
ARES leverages the advanced Artificial Intelligence in FaceTec’s biometric technologies allowing users to conduct fast, real-time digital verification with exceptional accuracy by assessing dozens of human attributes, such as micro-movements, reflections, and textures, and all within two seconds using standard mobile and webcam-enabled devices. FaceTec 3D Face Authentication currently authenticates tens-of-millions of users every month in finance, government, telecom, healthcare, cryptocurrency, connected transportation, and more.
“Digital onboarding is an important starting point of the full KYC and AML cycle. To ensure that we offer a highly secure, comprehensive world-class solution to our clients globally, partnering with FaceTec provides the perfect environment for our clients to pursue new and legitimate opportunities in a quick and frictionless experience, and yet are able to achieve a regulatory advantage by staying on the right side of regulations”, said Chionh Chye Kit, CEO & Co-Founder of Cynopsis Solutions.
