Facephi to supply ID verification solutions to Samsung Securities

Spain-based firm, in which Hancom is the second-largest shareholder, specializes in AI biometric recognition

Facephi to supply ID verification solutions to Samsung Securities
Joo-Wan Kim 1
2024-05-27 17:01:40 kjwan@hankyung.com
Tech, Media & Telecom


South Korea's Hancom Inc. announced on Monday that Facephi, a Spain-based AI biometric recognition company in which Hancom had recently acquired equity shares, has signed a contract to supply identity verification solutions to Samsung Securities.

Hancom reported that with this supply contract, Facephi is set to strengthen its position in the Asia-Pacific market.

Facephi is a company listed on the stock exchanges of Spain and France, and it possesses various AI-based biometric recognition technologies necessary for identity verification, including facial, fingerprint, iris, and voice recognition.

On the same day, Hancom completed the payment for the share acquisition, becoming the second-largest shareholder with a 7% stake, and secured exclusive business rights for Facephi in the APAC region.

Earlier in March this year, Hancom CEO Kim Yeonsu met with Facephi CEO Javier Mira in Barcelona, Spain, to directly sign the investment agreement.

Write to Joo-Wan Kim at kjwan@hankyung.com
#Hancom #Facephi #AI biometric recognition

Korea’s Hancom buys document software firm Clipsoft

Korea’s Hancom buys document software firm Clipsoft

Hancom headquarters in Pangyo, Gyeonggi Province in South Korea (Courtesy of Yonhap News) Hancom Inc., a homegrown office suite developer in South Korea, said on Friday that it has acquired local business-to-business (B2B) digital document production firm Clipsoft. The deal value is undisclosed

Hancom to unveil document creator like Mircrosoft's Copilot

Hancom to unveil document creator like Mircrosoft's Copilot

Hancom CEO Kim Yeon-su during an AI business strategy presentation on Nov. 28 (Courtesy of Hancom) Hancom Inc., a homegrown office suite developer in South Korea, is set to speed up its artificial intelligence business with a beta service of AI-powered document generation software next year, Ch

SW based on Hancom's tech released in Taiwan

SW based on Hancom's tech released in Taiwan

South Korea's office suite software maker Hancom Inc. on Monday said it has released Kdan Office, the Taiwanese office software co-developed with global software as a service (SaaS) company Kdan Mobile.Using a software development kit (SDK) from Hancom, Kdan Mobile designed and developed Kdan

Hancom, POSCO DX pursue robotic process automation solutions

Hancom, POSCO DX pursue robotic process automation solutions

South Korea’s office suite software maker Hancom and engineering and information and communications technology service provider POSCO DX will jointly develop robotic process automation (RPA) solutions.Both sides on Tuesday formed a strategic partnership to expand their artificial intelli

Korea's Hancom, Naver Cloud agree to cooperate in AI field

Korea's Hancom, Naver Cloud agree to cooperate in AI field

Hancom Inc. and Naver Cloud announced on Wednesday a strategic partnership to integrate Naver Cloud's large-scale artificial intelligence (AI) "HyperClova X" into Hancom Office Suite, which is used in the education and public markets.As part of the agreement, Naver Cloud will apply HyperClova

(* comment hide *}