Ingressio and KeyLemon join forces to develop Identification Verification Solution based on face recognition technology
Idiap Spinoff KeyLemon is partnering with Ingressio, an identity verification provider in Mexico. The two companies plan to launch a face recognition solution designed for use in the financial sector.
The solution is designed to solve concerns, such as password sharing or theft and forgotten passwords, secret codes or personal identification numbers (PINs).
Face recognition technology provides high levels of accountability the companies claim, and also mitigate "walk away" risks by providing assurance that only the person who logs into a PC is the person who continues to use it, potentially eliminating the need to enforce timeouts.
The underlying face recognition technology provided by KeyLemon is the result of more than ten years of research and development. The technology was shortlisted for the Swiss Technology Award in 2006.
The companies plan to extend their collaboration and are preparing a solution based on mobile devices.