Mbank selects Facephi for onboarding and facial authentication

By Delisha Fernandes

Mbank, UAE-based digital and community bank, has partnered with Facephi, a digital onboarding and authentication technology, to provide frictionless, secure digital banking across the UAE.

Facephi has a 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.

Mohammed Wassim Khayata, Chief Executive Officer at Mbank, stated, “We are excited to embark on this journey with Facephi as our strategic partner. Their expertise and technological innovation align perfectly with our vision of providing seamless, secure, fast, and efficient onboarding experiences for our valued customers. 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.”

Through this dynamic 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.

Enrico Montagnino, General Manager EMEA said, “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. The partnership with Mbank UAE represents a significant milestone in our continued efforts to drive innovation in the global financial and banking industry and support Mbank in their expansion efforts across the UAE market.”