MatchMove launches facial biometrics for ID verification
04 May 2018 15:03 GMT

Singaporean firm mobile wallet firm MatchMove has launched facial biometric technology to instantly verify user identity. 

Biometric verification, Optical Character Recognition (OCR) and document authentication will work together to ease the user sign-up process.

Clients who use MatchMove’s proprietary Banking Wallet OSTM to give their users co-branded (physical and/or virtual) payment cards can expect this addition to enhance the user experience and strengthen security and compliance checks for their digital payments.

The latest facial biometric feature aims to allow instant identity verification when onboarding new users. Users who sign up for MatchMove’s co-branded cards can use their smartphones to scan their ID cards, take real-time images of themselves (selfies) and have their identities verified at once.

They can start using the cards to shop and pay online or at stores, make P2P transfers, send remittances, as well as receive customized promotions, all on a single platform. The new addition also helps businesses reduce onboarding costs while remaining fully compliant, increase customer conversions and prevent fraud.

MatchMove’s facial biometric technology complies with Singapore’s Know-Your-Customer (KYC) and Anti Money Laundering (AML) regulations without sacrificing the user experience.