FACEPOINT

Facepoint’s ambition is to propose a breakthrough-type response to KYC regulatory requirements in the fight against money laundering and the financing of terrorism. The solution developed by Facepoint consists in complementing text with image, in order to disambiguate traditional text-based identification. To achieve this goal, they build up and publish an image library of faces of heightened risk individuals, in full compliance with international regulatory standards. They then leverage it ... with a powerful facial recognition system to boost identity resolution performance. The result of such a unique combination is a massive drop in false alarm rates during customer screening process. Facepoint’s database targets individuals associated with major regulatory and reputational risks in the context of the FATF standards, or according to the EU AML Directive. The acquired and fully qualified content originates from open-source web intelligence. Facepoint's state-of-the-art data acquisition, filtering and processing technologies are developed in close collaboration with the French national research center CEA List. They also strongly benefit from the founders’ long-time expertise in the data science and compliance sectors.More