Named as Veridas, the new technology company specializes in biometrics. Veridas will create client identification and authentication systems which BBVA says will be safer and easier to use.
The company will be focused on the software research and development required for the digital verification and authentication of personal identity. These will be done through various parameters such as facial, image, voice, fingerprint reading or document recognition.
Veridas CEO Azanza said: “Digital transactions are going to be more secure, thanks to the use of biometrics.
“The talent of our people, our experience in the use of deep neural networks and artificial intelligence, along with the daily application of these technologies to millions of cases, will allow us to spearhead this field.”
Veridas will be directed by the co-founder of Das-Nano, Eduardo Azanza. It will allow BBVA and Das-Nano to continue investigating and expanding in the biometrics implementation in the subject of technological security, so as to deliver the best solutions and experiences to its clients.
Bernal of BBVA said: “Veridas will contribute the talent, the knowledge and the specialized experience necessary for the technological development that will allow us to reach our goal, which is to bring the age of opportunity to everyone.”
The technologies of Veridas will enable the Spanish banking group to ensure the identification of employees and if needed customers in a remote manner. This, in turn would simplify the access methods to off-site services while offering a new degree of security to transactions and interactions across digital channels.
Veridas’ joint parent Das-Nano is a 5-year-old startup based in Spain that provides nanotechnology, biometric and document verification solutions.
Image: BBVA head-office building in Bilbao, Spain. Photo: courtesy of Zarateman/Wikipedia.org.
