# FacePhi

> Biometric identity verification and fraud prevention for the insurance and financial services industries

## At a glance

| Field | Value |
| --- | --- |
| Category | Compliance & Regulatory |
| Type | Solutions Provider |
| Region | EMEA |
| Headquarters | Alicante, Spain |
| Founded | 2012 |
| Stage | Growth |
| Employees | 201-500 |
| Funding | Public |

## Overview

FacePhi is a biometric identity verification and fraud prevention platform serving carriers, banks, fintechs, and government entities across 30+ countries. Founded in 2012 in Alicante, Spain, the company specializes in digital onboarding, passwordless authentication, and anti-fraud solutions with a dedicated insurance vertical for policyholder onboarding, claims processing, and premium payment authentication.

The platform covers three security layers: identity spoofing prevention through facial recognition and liveness detection, unauthorized fraud prevention through behavioral analytics and anomaly detection, and authorized fraud prevention through mule account detection and transaction monitoring. Products include remote onboarding, multibiometric authentication, identity verification orchestration, behavioral biometrics, a verifiable credential wallet, and mule account detection. Deployment options span SaaS and API-based integrations with insurance portals, banking core systems, ATM networks, and mobile applications.

FacePhi is publicly listed on BME Growth (ticker: FACE) and Euronext Growth Paris (ticker: ALPHI). The company serves 300+ customers across 30+ countries with a 95% retention rate. It returned to profitability in 2025 with 24.6% revenue growth and triple-digit EBITDA growth, reaching EUR 28.9M in 2024 revenue. Strategic investor Hancom (South Korea) holds a EUR 5M stake and serves as the exclusive APAC distribution partner.

## Products & services

### FacePhi Onboarding

Remote digital onboarding solution enabling identity verification of new policyholders and customers. Supports both assisted (video call with operator) and unassisted (self-guided) modes with KYC/AML compliance. Registration can be completed in under 10 seconds.

**Key features:**

- Facial recognition with passive liveness detection
- OCR document scanning with NFC chip reading
- KYC/AML regulatory compliance across jurisdictions

*Target users:* Insurers, banks, fintechs onboarding new policyholders or account holders

### FacePhi Authentication

Passwordless, multibiometric authentication platform supporting facial recognition, fingerprint, and voice recognition for insurance portals, banking applications, and enterprise environments.

**Key features:**

- Multi\-factor biometric authentication \(face, fingerprint, voice\)
- Injection attack detection to combat deepfake fraud \(launched August 2025\)
- Physical and digital access control integration

*Target users:* Insurers and financial institutions requiring secure policyholder or employee portal access

### FacePhi IDV

Centralized identity verification orchestration platform that integrates and manages multiple verification processes across an organization. Modular architecture supporting regulatory compliance across jurisdictions.

**Key features:**

- Orchestrates multiple identity verification methods in a single platform
- Modular, flexible integration with existing systems
- Cross\-jurisdiction regulatory compliance management

*Target users:* Enterprise insurers and banks managing diverse KYC/AML workflows

### Behavioural Biometrics

Continuous fraud detection through behavioral signal and contextual analysis. Monitors device usage patterns, interaction anomalies, and environmental context to flag suspicious activity without disrupting user experience.

**Key features:**

- Device and interaction anomaly detection
- Environmental context analysis
- Real\-time fraud flagging without user friction

*Target users:* Carriers and financial institutions with high\-volume transaction environments

### Teseo Identity Wallet

Verifiable digital identity wallet enabling users to manage portable credentials securely across platforms. Built on decentralized identity principles (developed 2023).

**Key features:**

- Verifiable credential issuance and management
- Decentralized, portable identity across platforms
- Fraud\-resistant digital credential sharing

*Target users:* Insurers and government entities adopting decentralized identity standards

### Mule Account Detection

AI-powered fraud detection solution identifying accounts used for money laundering. Analyzes transaction patterns and behavioral signals to detect mule accounts before fraud occurs.

**Key features:**

- Transaction pattern analysis for AML compliance
- Behavioral signal integration
- Early detection before fraud execution

*Target users:* Insurers and banks subject to AML regulations

## Category & focus

- Subcategories: Identity Verification, Biometric Authentication, Fraud Prevention, KYC/AML
- Insurance verticals: Life & Annuity, P&C Personal, P&C Commercial, Health
- Target customers: Carriers, Brokers, MGAs/MGUs

## Notable customers

- AFP Habitat \(Peru\) \-\- insurance
- Profuturo \-\- insurance
- AFP Modelo \-\- insurance
- Scotiabank
- Banco Santander
- HSBC
- Itau
- Interbank
- BCP
- LATAM Airlines
- Banrural
- Banco Supervielle

## Links

- Website: <https://facephi.com>
- Directory profile: <https://insurtechlist.com/companies/facephi/>
- About: <https://facephi.com/en/about-facephi/>
- Linkedin: <https://www.linkedin.com/company/facephi/>
- Investor relations: <https://facephi.com/investors/>
- Insurance solutions: <https://facephi.com/en/insurance/>

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*Last updated: 2026\-06\-13*