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KYC Best PracticesFraud Prevention 05 Sep 2024

Smile ID Launches SmartSelfie™ Compare, Becomes the Most Advanced Provider of  Biometric Authentication Stack in Africa

Emmanuel Agwu

We are thrilled to announce the launch of our latest product, SmartSelfie™ Compare. This innovative solution improves Smile ID's existing biometric authentication suite, which already includes advanced enrollment and authentication products, making us the most advanced provider of biometric authentication solutions in Africa. SmartSelfie™ Compare is designed to offer businesses a robust and more efficient tool for preventing fraud and verifying identities with unparalleled precision.

It is an innovative biometric face verification product that accurately compares two facial images to determine their similarity in 2 seconds. By analysing facial features, expressions, and other relevant attributes, Smile ID’s Face Comparision API reliably assesses whether the two images belong to the same person.

The SmartSelfie™ Compare product facilitates fraud prevention with world-class compliance standard precision by comparing selfie and liveness images taken by a user against an image on an existing database or ID authority record. Leveraging advanced algorithms, it enhances security measures, ensuring that only legitimate users are onboarded. 

This latest addition to our biometric suite is designed to address the evolving needs of banks, financial institutions, healthcare facilities, and other sectors that require robust identification verification.

Why SmartSelfie™ Compare?

We developed SmartSelfie™ Compare to address three primary challenges: to fight fraud and prevent unauthorised access, to improve the current prevailing 2-step authentication process and to provide an API for partners with existing ID authority access or images on file to perform face compare.

By analysing facial features, expressions, and other relevant attributes, the API determines the likelihood of a match between two images, replacing the current 2-step authentication workaround where partners do enrollment and immediate authentication. Partners with existing user images on file can simply leverage the face compare API to compare the two images for a match.

Commenting on the new product, Mark Straub, CEO of Smile ID, said "We are excited to introduce SmartSelfie™ Compare to our suite of biometric authentication solutions. This product allows our partners to combine our trademarked biometrics technology with their own face databases or ID authority access. SmartSelfie™ Compare not only improves security for financial institutions but also simplifies the user verification process, making it seamless and more efficient. Our commitment to leveraging advanced technology to meet the unique needs of the African market continues to drive our innovations."

Key Features of SmartSelfie™ Compare

SmartSelfie™ Compare key features include:

  1. Enhanced Fraud Prevention: SmartSelfie™ Compare adds an extra layer of security by comparing user live selfies with images on file or an ID authority database, reducing the risk of identity theft and unauthorised access for a more secure user onboarding.
  2. Advanced Facial Recognition: Trained on over 5 million African faces, their machine-learning algorithms deliver a 99.8% accuracy rate across all skin tones, eliminating euro-centric biases.
  3. Seamless Integration: The product can be easily integrated into existing systems via API, catering to businesses with existing ID authority access who simply need face comparison capabilities.
  4. Regulatory Compliance: This solution aids compliance with KYC/AML regulations, helping businesses maintain a secure and trustworthy platform.

Use Cases for SmartSelfie™ Compare

Prominent SmartSelfie™ Compare use cases include:

  • Verifying the identity of new users during the signup process by comparing their live selfies with images on government records.
  • Reducing the risk of identity theft by identifying discrepancies through facial comparison of user images with government records.
  • Ensuring compliance with KYC/AML regulations by accurately verifying user identities.

About Smile ID

Smile ID is Africa's leading identity verification provider, specialising in delivering comprehensive AML/CFT compliance solutions. Their offering includes compliance solutions like Document VerificationAML ChecksGovernment KYC checksBiometric AuthenticationBusiness verification and now, SmartSelfie™ Compare among others. 

With a commitment to innovation and customer success, Smile ID ensures reliable and secure identity verification for businesses across Africa. Book a free demo to speak to our experts today and learn more about SmartSelfie™ Compare.

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