OneVisage Breaks Ground on Smartphone Based 3D Facial Authentication

At the upcoming Mobile World Congress, OneVisage will unveil its SelfiLogin service, the world’s first 3D facial authentication solution to operate on standard smartphones. SelfiLogin shatters the complex and time-consuming two-step authentication processes that cause transaction cancellations – and lost revenue – for many businesses globally. Using SelfiLogin’s accelerated authentication platform, financial services and e-commerce businesses now have a simpler and safer way to authenticate their customers – and significantly, a mobile platform that proves particularly attractive to younger demographics.

“The use of security tokens results in transaction abandonments exceeding 30 percent – a tremendous amount of lost revenue for any business,” said Christophe Remillet, Chief Technology Officer, OneVisage. “A sizeable amount of these abandonments represent security concerns emphasized by Generation Z, spanning the ages of 16 to 24. Studies prove that 75 percent of Generation Z is willing to use biometric security solutions like SelfiLogin instead of passwords or pins for authentication, making this a perfect technology to reserve momentum, and lost revenue streams, back toward the right direction.” said Christophe Remillet.

According to recent reports, identity theft costs for businesses have skyrocketed past the $200 million mark worldwide. “We recognize the growing concern regarding identity theft issues and consumer data privacy. Today, there isn’t a single week in the news where a company hasn’t been victim of criminals grabbing thousands or millions of user credentials. Our patent pending and breakthrough technology on consumer smartphones or tablets is disruptive and unique, providing stronger security, better usability and data privacy.” said Christophe Remillet.

In addition to the general financial, operational and security benefits of SelfiLogin, the world’s first 3D facial authentication solution for standard smartphones opens new business opportunities and use cases never before explored. For example, digital private bank customers can now pass orders by phone and validate transactions in tens of seconds instead of tens of minutes, with a fully automatic process.

About OneVisage
OneVisage is a Swiss cyber-security company founded in 2013 and headquartered in Lausanne, Switzerland, that enables financial services, e-commerce and mobile operators to integrate and differentiate with safer, simpler and more cost-effective authentication solutions by using disruptive and unique 3D facial authentication technology through consumer smartphones.