Cynopsis Solutions Has Partnered With FaceTec!
Blogs on 10th June 2021
Cynopsis Solutions is pleased to announce that we have formed a partnership with FaceTec to provide seamless facial verification and biometric authentication via our digital onboarding solution, Ares. FaceTec provides biometric security for some of the world’s leading organisations in identity and access management, financial services, mobile payments, border security, connected transportation and more.
The integration of FaceTec’s advanced artificial intelligence technology into Ares enables exceptionally accurate face image matches while concurrently verifying three-dimensionality and detecting dozens of human liveness traits with a fast, friendly and intuitive user interface. FaceTec’s new Identity Check feature is also able to instantly match a user’s 2D photo ID against the 3D FaceMap created during the two-second liveness check addressing potential fraud, impersonation risks and deepfakes. With enhanced assurance that FaceTec’s ZoOm 3D authentication tools have received iBeta/NIST Level 1&2 Certification based on ISO 30107 standards, we are excited to enable our clients globally to onboard end customers digitally in a trusted manner.
“Digital onboarding is an important starting point of the full KYC and AML cycle. To ensure that we offer a secured, 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 able to achieve regulatory advantage by staying on the right side of regulations”, said Chionh Chye Kit, CEO & Co-Founder of Cynopsis Solutions.
“We are very excited to be working together with Cynopsis to provide the biometric foundation of digital identity,” said Kevin Alan Tussy, CEO of FaceTec. “With our advanced AI, 3D authentication solution, Cynopsis’s scalable e-KYC / AML / CTF solutions will provide state-of-the-art security, enabling competitive advantage for their growing list of important clients. We are honored our technology has been chosen to ensure that only legitimate users are physically interacting with their devices to prevent ID fraud while protecting their privacy.”
The latest partnership between Cynopsis and FaceTec will improve the user experience as the intuitive FaceTec interface promises increased security, higher efficiency, and ease of use when onboarding and verifying users on Ares.
About Cynopsis Solutions
Founded in 2014 and headquartered in Singapore, Cynopsis Solutions offers RegTech solutions designed to digitise and automate Compliance and regulatory processes, in particular know-your-customer, anti-money laundering, and counter-terrorism financing. Cynopsis Solutions’ accolades include MAS FinTech Awards (2018), RegTech100 (2018, 2019) and Financial Times Top 50 High Growth Companies in Asia-Pacific.
Our end-to-end KYC/AML solutions are designed according to the global FATF recommendations, applicable to more than 180 jurisdictions and is already helping more than a thousand B2B customers in the Banking, Financial Services, FinTech and Cryptocurrency, Professional Services and Gaming sectors globally.
Founded in 2013, FaceTec is the world leader in face authentication software with offices in San Diego, CA, Summerlin, NV, and a network of global partners. FaceTec provides certified, class-leading biometric authentication solutions for mobile and web applications requiring certified, high-performance liveness detection, world leading 3D-to-3D and 3D-to-2D Face Matching and anonymous Age Estimation.
Leveraging decades of computer vision, artificial intelligence and advanced biometrics experience, FaceTec created a new modality and the new standard in face biometrics, the 3D FaceMap. The only unphishable and unshareable biometric with authenticator with concurrent 3D Liveness and 3D Matching. FaceTec performs a faceCAPTCHA to secure users in virtually any identity and access management scenario. FaceTec also manages the educational website www.Liveness.com