PROJECT OF THE YEAR AWARD
READ ABOUT THIS AWARD
SHORTLISTED COMPANIES
• AML Watcher
• Facia
• Open Banking Limited ( The Automation Programme )
• Pulse
HIGHLY COMMENDED
• Open Banking Limited ( The Automation Programme )
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THE WINNER : FACIA ’ S
Facia ’ s groundbreaking project leverages advanced AI-driven biometric solutions to address a critical challenge in the fintech industry : secure and seamless customer onboarding .
In response to the increasing sophistication of fraud , including deepfakes and 3D mask attacks , Facia developed an AI-powered liveness detection algorithm that verifies identities in under one second .
This technology , certified by NIST with iBeta level 2 compliance , offers the fastest liveness verification in the industry and is capable of detecting spoofing attempts with 0 % false acceptance rate ( FAR ) and less than 1 % false rejection rate ( FRR ).
This innovation not only strengthens security but also provides a frictionless user experience .
92 November 2024