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Software Industry News

July 1, 2015

Facephi brings its facial recognition technology to Bolivian banking sector

Facephi announced it has signed a four-year contract with multinational financial services group BBVA Prevision AFP’s Bolivian entity to implement its facial recognition system, initially to its pensioners and later to its users. As a result, BBVA will increase its digitization process and become the first fund and pension administration entity in Bolivia to use a biometric recognition system. The facial recognition system’s implementation will be executed in multiple phases to ensure a gradual and effective adoption. First, the system