Al Maryah Community Bank (Mbank UAE) has partnered with Facephi to advance digital banking through frictionless digital onboarding and authentication cutting-edge technology.
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.
“Their expertise and technological innovation align perfectly with our vision of providing seamless, secure, fast, and efficient onboarding experiences for our valued customers,” said Mohammed Wassim Khayata, CEO of Mbank.
“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 are expected to be instrumental to analyse, detect and prevent fraudulent activities.
“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,” said Enrico Montagnino, General Manager EMEA at Facephi.
The partnership with Mbank UAE represents a significant milestone in Facephi’s continued efforts to drive innovation in the global financial and banking industry.
Through the 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.
