Facephi, a leading innovator in digital onboarding and authentication technology, is pleased to announce its strategic partnership with Mbank, UAE’s first digital and community bank, to provide frictionless, secure digital banking across the UAE.
Driving the collaboration is Facephi’s proven track record of delivering robust authentication and verification solutions that adhere to stringent industry standards, including compliance with the National Institute of Standards and Technology (NIST) accredited iBeta and ISO 30107.
Commenting on the partnership, Enrico Montagnino, General Manager EMEA said: “As pioneers in biometric technology for onboarding and fraud prevention, we are committed to delivering state-of-the-art technology that ensures the highest level of security and convenience for customers. The partnership with Mbank UAE represents a significant milestone in our continued efforts to drive innovation in the global financial and banking industry and support Mbank in their expansion efforts across the UAE market.”
Through this dynamic partnership, Mbank UAE aims to streamline and enhance their onboarding process, providing customers with a seamless and secure experience. Facephi’s advanced facial authentication technology will play a pivotal role in achieving this goal, setting a new standard for digital interactions within the banking sector in the UAE.
Mohammed Wassim Khayata, Chief Executive Officer at Mbank, expressed enthusiasm about the partnership, stating: “We are excited to embark on this journey with Facephi as our strategic partner. Their expertise and technological innovation align perfectly with our vision of providing seamless, secure, fast, and efficient onboarding experiences for our valued customers. At Mbank, we take pride in being the early adopters of cutting-edge technologies with the highest levels of security, continually expanding our solutions’ capabilities and enriching our customers’ experiences during their self-enrolment process when digitally onboarding through the Mbank UAE mobile application. The advanced identity verification techniques using machine learning algorithms and digital behaviour will be instrumental to analyse, detect and prevent fraudulent activities proactively. Together with Facephi, we aim to set a new industry benchmark in customer authentication.”