Facephi enters Saudi Arabia and UAE markets with Qashio, gets AWS approval

Facephi has entered the Saudi Arabian and United Arab Emirates markets as part of a tie-up deal with UAE expense management software maker Qashio.

UAE and Saudi Arabian users of Qashio’s software will be able to use Facephi’s selfie biometrics to perform onboarding and digital identity verification to reduce identity theft.

Enrico Montagnino, Facephi’s general manager, said the contract was an important step in the company’s growth year old expansion“Signing up with a fintech company in the region shows that we are on the right track,” he said.

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“This opens up new opportunities for our expansion, as we are able to offer our services directly to any company anywhere in the world,” said Jorge Félix, Facephi’s Director of Quality Assurance and Systems.

The Spain-based facial biometrics provider has it all wonderful 2022The company’s adjusted annual earnings rose 132% year-on-year to 4.3 million ($4.6 million), based on unaudited figures for the fiscal year ended Dec. 31.

Its annual net income rose 69 percent to 2.2 million euros ($23.8 million) over the same period.

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Biometrics | facial biometrics | face drape | Authentication | know your customer | onboarding | selfie biometrics