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Facephi identity verification now available on Temenos Exchange

Temenos Exchange clients can now access a suite of top identity verification solutions to streamline customer onboarding, manage digital identity, mitigate fraud and simplify the KYC processes.

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Facephi, a leading provider of secure identity verification solutions today announced the availability of its suite of technology solutions on Temenos Exchange, the open marketplace for innovative solutions.

As financial services continue to digitise and fraud becomes more prevalent, businesses face a growing demand for secure and efficient KYC and AML processes that prioritise the customer experience. Facephi’s cutting-edge identity verifcation solutions meet these needs by streamlining KYC and identity verification processes, reducing fraud, and enhancing the customer experience with secure and convenient authentication and onboarding methods.

Facephi will offer a range of solutions created for the comprehensive management of Tenemos Exhange customers’s identity, including digital onboarding and KYC, advanced OCR data capture, authentication, Facephi Identity Platform, document verification, real-time AML screening, video onboarding and other multi-biometric digital identity verification capabilities.

Facephi and Temenos will also collaborate to conduct a POC project to ensure the best adoption of the Facephi’s solutions on Temenos Banking Cloud. Through this partnership, Facephi aims to demonstrate its commitment to providing the highest quality solutions that meet the evolving needs of businesses and customers alike.

Temenos Exchange brings open innovation to market faster and at scale. The marketplace offers pre-integrated and approved fintech solutions that can be easily deployed on top of Temenos open platform, enabling banks to accelerate the creation of new financial services, while reducing the costs of development.

Martin Bailey, Director of Innovation and Ecosystems, Temenos, said: “Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate and monetise new banking solutions. Joining Temenos Exchange means Facephi can write once and sell its solution across a vast banking audience of more than 3,000 clients in 150 countries. Collectively, this community serves the banking needs of 1.2 billion people worldwide.”

“For over ten years, we have been working with partners, customers, and consumers to deliver more protection around digital IDs, contributing to building trust. We look forward to collaborating with Temenos to benefit more organisations around the world,” said Carlos Oderiz, Strategy Director at Facephi

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