FACCESS
Enabling the large-scale deployment of Facial Recognition in banking security
Total Cost €
0EC-Contrib. €
0Partnership
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0FACCESS project word cloud
Explore the words cloud of the FACCESS project. It provides you a very rough idea of what is the project "FACCESS" about.
Project "FACCESS" data sheet
The following table provides information about the project.
| Coordinator |
FACEPHI BIOMETRIA SA
Organization address contact info |
| Coordinator Country | Spain [ES] |
| Project website | http://www.faccess2020.com/ |
| Total cost | 2˙418˙000 € |
| EC max contribution | 1˙692˙600 € (70%) |
| Programme |
1. H2020-EU.3.7. (Secure societies - Protecting freedom and security of Europe and its citizens) 2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument) |
| Code Call | H2020-SMEINST-2-2016-2017 |
| Funding Scheme | SME-2 |
| Starting year | 2016 |
| Duration (year-month-day) | from 2016-12-01 to 2018-11-30 |
Partnership
Take a look of project's partnership.
| # | ||||
|---|---|---|---|---|
| 1 | FACEPHI BIOMETRIA SA | ES (ALICANTE) | coordinator | 1˙692˙600.00 |
Map
Project objective
FacePhi is a company founded in 2006 specialized in the development and commercialization of advanced Face Recognition Software solutions. There is a strong demand in the banking industry for secure biometric applications. In fact, in May 2014 the European Central Bank (ECB) published a list of recommendations for increased banking security and biometrics was included as one of the most secure authentication methods. Concerns about banking security have always existed, but it has been after the breakthrough of online and mobile banking when bank fraud has become major issue to address with urgency. Currently, banking authentication is typically done by using 4-6 digits PIN codes. This form of authentication provides an extremely low security, especially in online banking where cybercriminals can hack this PIN code in a matter of seconds. As a result, the total value of fraudulent transactions is rapidly increasing year by year, being now estimated at €1.44 billion solely in Europe. In this scenario, biometrics holds great promise to become a reference banking authentication method in a near future. However, despite the clear opportunity there are still some barriers preventing the banking biometrics breakthrough, at least on a large scale. FacePhi has developed a face recognition technology, specifically designed to overcome the current barriers preventing the large scale deployment of banking biometrics. Now, in the FACCESS Phase 2 project we seek demonstrating our facial recognition technology can actually unleash the large scale deployment of banking biometrics by the implementation of our product in the mobile/online platforms of 6 international banking institutions.
Deliverables
| FACCESS webpage | Other | 2019-09-06 11:04:51 |
Take a look to the deliverables list in detail: detailed list of FACCESS deliverables.
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The information about "FACCESS" are provided by the European Opendata Portal: CORDIS opendata.