Fraud is increasing worldwide across a wide range of digital activities, from opening or accessing bank accounts and signing contracts to using government platforms and other online services. Fraudsters may also take control of a person’s digital identity. For customers, the consequences can include financial losses, loss of trust and fraudulent contracts. As digital services become embedded in every aspect of our lives, they must be protected against fraud, particularly in highly sensitive areas such as certified digital signatures.
To keep that door closed, Facephi, the digital verification and fraud prevention technology company, and EgyptTrust, provider of electronic signature, digital identity and information security services, have join forces, to secure access, identity and any services provided to EgyptTrust customers. Under the collaboration, EgyptTrust will integrate Facephi’s Fraud detection solutions into its locally hosted, multi-tenant platform, offering the organizations it serves as an end-to-end solution built around fraud prevention.
Local trust, specialized fraud prevention
The partnership brings together two complementary strengths. EgyptTrust has spent two decades building digital trust infrastructure in Egypt. It was among the first companies licensed by ITIDA, the country’s Information Technology Industry Development Agency, to provide electronic signature and e-seal services. It combines in-depth knowledge of the local market with a platform hosted in the country and designed to serve multiple organizations as they grow.
Facephi brings more than a decade of experience in developing identity and fraud prevention technology for regulated sectors. Its technology protects identities continuously by verifying them during onboarding and monitoring risk throughout the customer journey.
Together, the two companies address a question every digital service must now answer in seconds: is this person real, present and who they claim to be? For EgyptTrust’s customers, the answer comes from a single solution that pairs local trust infrastructure with specialized fraud prevention technology.
“For years, our work has been about giving digital transactions in Egypt the same certainty as those carried out in person. That certainty starts with knowing who is on the other side of the screen. With Facephi, we are adding a specialized layer of identity verification and fraud prevention to our platform, so that our customers can grow digitally without opening the door to fraud,” said Mohamed Kiwan, CEO of EgyptTrust.
Onboarding: where continuous identity trust begins
For Facephi, onboarding is where trust begins, not where it ends. Identity should not be verified once and then set aside, but protected continuously throughout the customer relationship, bringing identity, fraud and compliance together around a single, continuous identity.
The agreement also strengthens Facephi’s presence in Egypt and its positioning across the Middle East and Africa. Both companies marked the agreement at Cairo ICT, Egypt’s leading technology exhibition, held in Cairo from 7 to 10 November.
“Identity fraud doesn’t wait for the first transaction; it starts at sign-up. EgyptTrust is taking decisive steps towards digital Fraud detection solution, and that growth should be built on identities that are verified from the very first moment. EgyptTrust understands this market like few others, and together we can offer its customers an end-to-end onboarding solution built around fraud prevention,” said Carlos Oderiz, Strategy Director at Facephi.
About EgyptTrust
Founded in 2005, EgyptTrust (Egyptian Company for Digital Signature and Information Security) is licensed by ITIDA to provide digitalsignature and e-seal services and specializes in digital trust, digital identity and information security solutions.