Enabling the large-scale deployment of Facial Recognition in banking security

Información del proyecto

FACCESS

Identificador del acuerdo de subvención: 733711

DOI 10.3030/733711

Proyecto cerrado

Fecha de la firma de la CE 19 Noviembre 2016

Fecha de inicio 1 Diciembre 2016

Fecha de finalización 30 Noviembre 2018

Financiado con arreglo a

• Secure societies - Protecting freedom and security of Europe and its citizens

Coste total € 2 418 000,00

Aportación de la UE € 1 692 600,00

Coordinado por

FACEPHI BIOMETRIA SA
Spain

Objetivo

FacePhi is a company founded in 2006 specialized in the development and commercialization of advanced Face Recognition Software solutions.
There is a strong demand in the banking industry for secure biometric applications. In fact, in May 2014 the European Central Bank (ECB) published a list of recommendations for increased banking security and biometrics was included as one of the most secure authentication methods. Concerns about banking security have always existed, but it has been after the breakthrough of online and mobile banking when bank fraud has become major issue to address with urgency. Currently, banking authentication is typically done by using 4-6 digits PIN codes. This form of authentication provides an extremely low security, especially in online banking where cybercriminals can hack this PIN code in a matter of seconds. As a result, the total value of fraudulent transactions is rapidly increasing year by year, being now estimated at €1.44 billion solely in Europe. In this scenario, biometrics holds great promise to become a reference banking authentication method in a near future. However, despite the clear opportunity there are still some barriers preventing the banking biometrics breakthrough, at least on a large scale.
FacePhi has developed a face recognition technology, specifically designed to overcome the current barriers preventing the large scale deployment of banking biometrics. Now, in the FACCESS Phase 2 project we seek demonstrating our facial recognition technology can actually unleash the large scale deployment of banking biometrics by the implementation of our product in the mobile/online platforms of 6 international banking institutions.

Ámbito científico

• natural sciences › computer and information sciences › software
• natural sciences › computer and information sciences › artificial intelligence › computer vision › facial recognition

Palabras clave

• biometrics
• banking security

Programa(s)

• H2020-EU.3.7. - Secure societies - Protecting freedom and security of Europe and its citizens Main Programme
• H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument

Tema(s)

• SMEInst-13-2016-2017 - Engaging SMEs in security research and development

Convocatoria de propuestas

H2020-SMEInst-2016-2017

Consulte otros proyectos de esta convocatoria

Convocatoria de subcontratación

H2020-SMEINST-2-2016-2017

Régimen de financiación

SME - SME instrument

Coordinador

FACEPHI BIOMETRIA SA

• Aportación neta de la UEn: € 1 692 600,00
• Dirección: CALLE MEXICO 20 EDIFICIO MARSAMAR 3 ; 03008 Alicante ; España
• Pyme Organización definida por ella misma como pequeña y mediana empresa (pyme) en el momento de la firma del acuerdo de subvención. Sí:
  Región
  Este › Comunitat Valenciana › Alicante/Alacant
• Región: Este › Comunitat Valenciana › Alicante/Alacant
• Tipo de actividad: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Coste total: € 2 418 000,00