Blog Articles
Not all individuals have an excellent memory to remember their passwords. Besides, a password is not as secure as people take it to be. Someone can easily break into your phone or device. Still, with something like facial recognition or fingerprints, your security is guaranteed. Facial recognition has more security and simplicity, and it comes with many benefits as well;…
In the age of this technological revolution when everything around has transformed so does the business world that is rapidly changing day by day. In this article, you will find out how digitization is the way forward for safer, secure, and successful business enterprises and how our platform “FACEKI” is providing the best opportunity for your business to digitize through Biometric Authentication and…
It’s no doubt that the internet has become a part of our everyday life, not just our personal life but also in the business aspect. The internet has indeed facilitated the operations of almost all businesses across the world, business owners now have a wider coverage and can reach huge audiences, companies can reach their customers quicker, filing a complaint…
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KYC and AML: Understanding the Crucial Differences
KYC and AML are by far the most frequently used terms when discussing compliance. Even though this is the case, many individuals still get the definitions mixed up. What exactly do KYC and AML mean, and how do they differ from one another? What is Know Your Customer (KYC)? The Know Your Consumer (KYC) procedure entails gathering data on the…
The significance of robust identity verification today
In the context of the recent news about Facebook's Meta Verified subscription service, the need for robust identity verification becomes even more apparent. Meta CEO Mark Zuckerberg announced the launch of Meta Verified. This service is designed to provide users with an enhanced level of account verification. It also adds extra protection from impersonation accounts, and access to direct customer…
Why your Law Firm needs KYC
Despite the fact that law firms are not financial institutions, lawyers can be used for money laundering. Criminals may seek legal assistance to make their illegal financial, corporate, or real estate transactions appear legitimate. When a lawyer is used to deposit, transfer, or withdraw funds, they may unknowingly be involved in money laundering activities. Lawyers have an increased ethical obligation…
The impact of identity theft on customers and businesses
For Consumers Identity theft is extremely painful because consumers are unaware that their identities have been stolen until they attempt to open a bank account or apply for a credit card, or loan, at which point they are told they cannot because they already have one, and it is up to the consumer to try and prove it is not…
How facial biometric benefit banks
As the world transitions to online banking, banks and their customers have prioritized digital security. In the past, SMS passwords appeared to be adequate. Cybercriminals, on the other hand, are now employing more sophisticated methods, such as spoofing. As a result, banks must now implement additional security measures. Passwords and pin codes are easy targets for today’s hackers, but facial biometric…
Nama Ventures invests in FACEKI
FACEKI, an award-winning digital biometrics platform that simplifies users’ journey and fights fraud, announced that it has raised an undisclosed amount in a pre-seed funding round by Nama Ventures. The push for digitization has led to an unprecedented level of identity theft and account takeovers. FACEKI Biometric Facial Recognition and Identity Verification platform help organizations verify and onboard their users, especially…
FACEKI recognized as one of the most Innovative Biometrics Startups & Companies by Data Magazine
Data Magazine recognized FACEKI as one of the top startups and companies in the field of Biometrics in the United States, from cutting edge startups to established brands. The picks were based on companies across the size spectrum that showed exceptional performance and are undertaking a variety of approaches to innovate the Biometrics industry. The chosen startups and companies were…
FACEKI WINS GOLD STEVIE® AWARD AS THE MOST INNOVATIVE TECH STARTUP
[MANAMA, BAHRAIN] – 28 March 2021 – Faceki named the winner of the Gold Stevie® Award in the Most Innovative Tech Startup of the Year category in the second annual Middle East & North Africa Stevie Awards, sponsored by the RAK Chamber of Commerce & Industry. The Middle East & North Africa Stevie Awards are the only business awards program…