Qashio, a Dubai-based spend management fintech, has partnered with Facephi, a global digital identity verification company, to enhance the security of its digital identification processes. This collaboration also marks Facephi’s entry into the Middle East market. Through this partnership, Qashio’s customers will have access to Facephi’s biometric technology, allowing for secure digital onboarding and identity verification without the risk of identity theft.
By leveraging Facephi’s technology, Qashio aims to provide its corporate customers with an improved user experience and enhanced security when registering employees for corporate credit and debit cards. With concerns about banking and credit fraud on the rise in the UAE, the integration of biometric technology reinforces Qashio’s commitment to customer security during the onboarding process.
Jonathan Lau, CPO and Co-Founder of Qashio emphasized that partnering with a reputable provider like Facephi enables them to offer services in both English and Arabic across multiple countries, elevating their offerings by implementing global security and KYC (Know Your Customer) standards in the region. Enrico Montagnino, General Manager of Facephi EMEA, sees this partnership as a significant milestone in their expansion strategy, demonstrating their commitment to commercializing solutions in the EMEA region.
The need to digitize and modernize corporate spending management in the UAE and Saudi Arabia is evident, with corporate card spending estimated to be over $100 billion. By streamlining processes and reducing manual work for accountants, digitization in this sector has the potential to save significant time and resources.
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