May 31 2022
iProov, the world leader in biometric face authentication technology, announced today that Finema has chosen iProov’s Liveness Assurance™ technology to enhance the security of its Enterprise Decentralized Identity Platform.
Finema provides next-generation ID technology for corporate and government agencies that is easily interoperable and can be integrated with any existing identity platform, enabling fast-track adoption and competitive advantages.
iProov’s Liveness Assurance enables Finema to securely verify that an online user is the right person (not an imposter) and a real person (not a photo or mask being used in a presentation attack). In doing so, Finema can protect itself and its users by preventing stolen or fake identities being used for new account fraud.
“Finema is making major strides in the verifiable credentials space that signal a strengthening in the fight against online fraud and cybercrime,” said Andrew Bud, Founder and CEO of iProov. “To help combat online identity spoofing and theft, we need to ensure it stops before it starts at the account enrollment stage. We are thrilled to bring iProov’s secure and privacy-focused technology to Finema’s efforts to ID proof consumers.”
Finema’s user-centric and highly secure platform embodies Self-Sovereign Identity (SSI) principles to provide a superior solution for Identity and Access Management that includes Passwordless Authentication, Multi-factor Authentication, Digital Signature, Digital Consent, Digital ID Cards and Credentials.
“We are excited to enhance our decentralized identity product suite with iProov’s state-of-the-art Liveness Assurance technology,” said Pakorn Leesakul, CEO of Finema. “As identity fraud accounts for almost 1 trillion USD in losses every year, it is vital to form partnerships and invest in the best identity proofing technology that tackles the problem at its source.”