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Ipsidy and technology consultant IECISA Perú sign agreement to deliver mobile facial biometric identity platform

IECISA will add Ipsidy's IDaaS (Identity as a Service) platform and facial biometric technology to its product suite

The risks of cybercrime and identity fraud are rising in Peru as more citizens go online

Ipsidy Inc (OTCQB:IDTY) and technology consultant IECISA Perú have signed a strategic partnership agreement to deliver mobile facial biometric identity solutions in the South American country. 

Ipsidy noted that across the Peru - where almost 60% of the population have access to the internet - digital transformation efforts are expanding rapidly across the financial services, e-commerce, telecom, healthcare and public sector markets. 

With an increase in remote interactions, however, the risk of cybercrime and identity fraud has grown, and thus accelerated the need for secure digital tools to help enterprises seamlessly verify the identity of customers.

READ: Ipsidy enhances digital identity verification service Proof with automated authentication of US, Canadian and Mexican driver’s licenses

To meet that demand, Ipsidy said Monday that IECISA will add its RENIEC-connected IDaaS (Identity as a Service) platform and innovative mobile facial biometric solutions to its product suite. RENIEC is the Peruvian National ID Registry.

New York-based Ipsidy said its digital identity verification service Proof offers a seamless ID experience for remote customer and employee onboarding with quick mobile identity document capture, liveness confirmation and facial biometric matching of a selfie to the credential photo. 

Proof confirms the rightful owner of a credential is present by validating the biometric identity against RENIEC’s own national records. For “know your customer” processes, new customer account openings as well as employee on-boarding, Proof provides an efficient, secure and trusted solution for financial institutions, telco’s, money transmitters, medical providers and other businesses and government agencies to replace existing manual and in-person identification processes, the group said.

With Ipsidy’s solutions, the company added, IECISA’s clients and their users can enjoy a seamless identity service that offers the highest level of identity assurance and establishes mutual trust between all parties.

“We are delighted to partner with IECISA Perú to offer our solutions in Peru and the region,” said Philip Kumnick, CEO of Ipsidy, in a statement.

“IECISA Perú is well known for their strength and market leadership in verticals requiring real-time identity authentication, and we believe that our combined solutions can reduce the risk of identity fraud and provide significant value to their client portfolio.”

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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Price: 0.111 USD

Market: OTCQB
Market Cap: $60.68 m

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