Technology upgrades, more channel partners, and increased global presence
SUMMERLIN, Nev., Oct. 20, 2022 /PRNewswire-PRWeb/ -- FaceTec, Inc. saw outstanding Q3 2022 business and technology gains, further securing its global leadership in 3D digital identity software.
Q3 2022 highlights include:
- 107.3% 3D Liveness Check YoY usage growth
- 96% YoY revenue growth
- 88.5M+ 3D Age Estimations performed
- Over 900M 3D Liveness Checks now performed annually
- 21 new customer and partner agreements signed
Continuing its steady international growth, and considered to be the most secure remote biometric authentication solution ever developed, FaceTec provides biometric security on six continents. New Q3 customers/partners include: Banco BV, ByteFederal, TI&M, Atlantic Data, Ahli Bank, Stone, DU, Tyme Global, FLEXDOC, Parallax, and ViaGate.
FaceTec's stand-alone software runs locally on customers' servers and does not require any biometric data or personally identifiable information (PII) be sent to FaceTec. This data-sovereign approach enhances privacy, increases flexibility, reduces disclosure burdens, and ensures the ability to comply with consumer data privacy regulations including BIPA, CCPA, and GDPR.
Important new upgrades to existing Photo ID OCR and moderator dashboard functionality were added to the FaceTec SDKs in Q3 2022. FaceTec's nearly 100 distribution partners can now provide their customers access to free OCR for photo IDs, barcode reading, NFC chip scanning, 2D Liveness checks, 2D and 3D face matching, and 1-to-N scanning for duplicate faces and accounts. Already in wide use, FaceTec's free features, alongside its world-leading 3D Liveness, the software suite provides an even higher value proposition. FaceTec has never had any setup or support fees, and the only feature FaceTec charges for is the 3D Liveness checks performed by users.
FaceTec now provides more than 900M 3D Liveness checks annually across a wide variety of sectors, including finance and banking, cryptocurrency, government, mobile IDs, e-commerce, dating and social networks.
"Our continued hypergrowth in 2022 proves our next-generation 3D approach to remote digital identity is the standard for both security and usability," said Kevin Alan Tussy, FaceTec CEO. "We are delivering real-world security to millions of users every day and continue to increase our global footprint through an ever-growing channel partner network. I can't thank our partners and the incredible FaceTec team enough for the results they delivered in Q3."
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About FaceTec's 3D Digital Identity Software Platform
FaceTec's pioneering 3D Face Authentication is fast becoming the global standard in onboarding, KYC, and ongoing authentication, and stops ID fraud and unauthorized access for millions of users on six continents for many of the world's leading organizations in IAM-IDV, financial services, mobile payments, border security, connected transportation, blockchain-crypto currency, e-voting, dating, and more.
FaceTec's 3D Face Authentication & Digital Identity Software Platform features:
- 100% software, for all modern smartphones, tablets, and PCs with webcams
- World-leading 3D Face Matching rate at 1-in-125 million FAR at less than 1% FRR
- Patented UI generates data-rich 3D FaceMaps™ from standard 2D cameras
- $200,000 Spoof Bounty Program & Level 1&2 Certified Liveness Detection
- Unshareable, unphishable 3D FaceMaps ensure trust without creating a honeypot
- IDV dashboard with integrated 1-to-N de-duplication & fraudulent user lists
- Highly accurate 1-in-500,000 FAR 3D FaceMap-to-2D-photo-ID matching
- Integrated anonymous age estimation and age checks
- Fast, intuitive interface with 98-99% first-time-user success rates
- Easy to integrate, customize, deploy and manage
Developers can download the FaceTec demo apps directly from FaceTec.com for iOS, Android, and any modern browser, and the developer SDKs are available free at dev.facetec.com.
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About FaceTec
Founded in 2013, with staff in the United States, Brazil, Portugal, Mexico, and Singapore, FaceTec is the leading provider of 3D Face Verification and Authentication software, allowing users to prove their Liveness remotely with an extremely high level of confidence. FaceTec's patented, industry-leading Certified 3D Liveness Detection, face matching, optical character recognition, and age estimation technology biometrically binds the unique, live, 3D user to their account, anchoring a secure chain of trust for mobile and web applications.
For more information and business inquiries, please visit FaceTec.com. For media inquiries, please contact John Wojewidka at [email protected].
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About Liveness.com
Created as an educational resource for biometrics users, vendors, analysts, media, and regulators, Liveness.com provides a comprehensive history of Level 1-5 Presentation Attack Detection, Template Tampering, and Camera Bypasses, as well as explanations of methods and means for evaluation, certification testing, and bounty programs.
Media Contact
John Wojewidka, FaceTec, Inc., 1.415.997.9235, [email protected]
SOURCE FaceTec, Inc.
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