Biometric technology firms expand digital identity and verification services

Facephi and CRIF have entered a partnership to enhance digital identity verification services for the financial, insurance, and fintech sectors. By integrating Facephi Onboarding, CRIF aims to utilize facial biometric technology to strengthen remote customer verification, supporting Know Your Customer (KYC) and anti-money laundering (AML) regulatory requirements.

Separately, Mobai and Partisia have signed a memorandum of understanding to explore the use of document and facial biometric verification for reusable identity credentials. The collaboration focuses on creating a system where a verified identity can be presented to various European services without repeating the full document-based verification process. This research involves technologies such as fully homomorphic encryption and multiparty computation to allow biometric processing without exposing unencrypted information.