financetom
Technology
financetom
/
Technology
/
Facephi Reinforces Its Presence in the Regulated Gaming Industry Following Successful Deployment with The OxiaCore Project
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Facephi Reinforces Its Presence in the Regulated Gaming Industry Following Successful Deployment with The OxiaCore Project
Jul 2, 2026 9:06 AM

Facephi Reinforces Its Presence in the Regulated Gaming Industry Following Successful Deployment with The OxiaCore Project

The collaboration strengthens Facephi's position in the regulated gaming sector while further diversifying its presence across high-growth industries.Facephi's identity verification technology enabled The OxiaCore Project to reduce commission fraud by 80% in less than one year, supporting its expansion into new regulated markets.The platform is expected to surpass one million authentication transactions by year-end, demonstrating the scalability of Facephi's technology.

Alicante, July 02, 2026 - Facephi , a global leader in digital identity verification and fraud prevention, today highlighted the results achieved during its first year of collaboration with The OxiaCore Project, a Peruvian iGaming software provider. The partnership reinforces Facephi's presence in the regulated gaming industry while continuing to diversify its customer base across sectors with growing demand for secure digital identity solutions.

The OxiaCore Project has integrated Facephi's AI-powered biometric technology into its fraud prevention framework, supporting player and agent verification while enabling compliance with Peru's evolving gaming regulations.

In less than one year, the company reduced commission payment fraud by 80%, particularly fraud linked to welcome-bonus abuse. It has also expanded to more than 10,000 verified agents, deployed its platform across multiple operators, and expects to process more than one million authentication transactions by the end of 2026 as it grows in Ecuador and Colombia.

"Our fraud prevention system, powered by Facephi, has become a key differentiator for our platform. Multi-account fraud is no longer impacting our business, allowing us to scale with confidence," said Daniel García, CTO of The OxiaCore Project.

"This collaboration demonstrates how Facephi's technology delivers measurable business value while reinforcing our position in the regulated gaming industry," said Adrián Sabugo, Identity Solution Manager at Facephi. "As demand for secure digital identity continues to grow, we remain focused on expanding across sectors where compliance, fraud prevention and user trust are critical."

Operating in more than 30 countries, Facephi continues to scale its digital identity platform across regulated industries, helping organizations strengthen security, meet compliance requirements and accelerate digital transformation.

About Facephi

Facephi is a technology company specializing in digital identity verification, fraud prevention, and regulatory compliance solutions. It delivers an AI/ML-powered Identity & Anti-Fraud platform that provides a comprehensive 360° end-to-end approach to digital protection. Renowned for its strong focus on security and data integrity, Facephi develops solutions that make digital processes safer, more accessible, and fraud-free. Its technologies help prevent identity theft while ensuring the ethical management and protection of personal data.

With over a decade of experience in developing technologies aimed at safeguarding digital identity, Facephi is headquartered in Spain, with subsidiaries in APAC, EMEA, LATAM and NORAM. The company serves the needs of clients across 30+ countries, delivering innovative solutions that address security challenges in an ever-evolving digital landscape.

Forward-Looking Statements

This press release may contain forward-looking statements regarding Facephi’s future plans, objectives, and financial performance. Actual results may differ materially due to various risks and uncertainties. Please refer to the company’s filings for a discussion of these risks.

Image: https://www.globenewswire.com/newsroom/ti?nf=MTAwMTIxMDkzNCM0MDI0MzgyNjUjMjI5NjcwMg==

Image: https://ml-eu.globenewswire.com/media/YTE4NzcxMWMtYWM4Ny00YWQ0LWI3NjgtMmJkMjljNDljMTlmLTEzMDgyNTItMjAyNi0wNy0wMi1lbg==/tiny/Facephi.png Image: Primary Logo

Source: Facephi

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Chip tech provider Arm forecasts first-quarter revenue below estimates
Chip tech provider Arm forecasts first-quarter revenue below estimates
May 26, 2025
By Arsheeya Bajwa and Stephen Nellis (Reuters) - Arm Holdings forecast first-quarter sales and profit below Wall Street estimates on Wednesday, as global trade tensions threaten revenue from its chip architecture used across the smartphone and data center industries. While Arm's fourth-quarter revenue slightly beat analysts' estimates, companies across the board have provided cautious quarterly forecasts as sweeping global tariffs...
Amazon to spend $4 billion on cloud infrastructure in Chile
Amazon to spend $4 billion on cloud infrastructure in Chile
May 26, 2025
SANTIAGO (Reuters) -Amazon's ( AMZN ) cloud computing division will invest $4 billion to build its first data centers and other cloud infrastructure in Chile, the company's head of South Latin America told Reuters. Amazon Web Services (AWS) expects the cloud region, its third in Latin America after Brazil and Mexico, to be operational by the second half of 2026....
Kyndryl beats quarterly revenue estimates on AI push
Kyndryl beats quarterly revenue estimates on AI push
May 26, 2025
May 7 (Reuters) - IT services provider Kyndryl ( KD ) beat Wall Street estimates for fourth-quarter revenue on Wednesday, helped by robust demand from businesses adopting artificial intelligence technology. The company, formerly IBM's ( IBM ) infrastructure services business, recognized $1.2 billion in revenue tied to customers using services from large-scale cloud providers in its fiscal year 2025, exceeding...
Japan's Nippon Telegraph plans to buy remaining stake in NTT Data for $20.9 billion, Nikkei reports
Japan's Nippon Telegraph plans to buy remaining stake in NTT Data for $20.9 billion, Nikkei reports
May 26, 2025
(Reuters) -Japan's telecom giant Nippon Telegraph and Telephone ( NPPXF ) is considering to make a tender offer of up to 3 trillion yen ($20.92 billion) to buy the remaining shares it does not already own in NTT Data, the Nikkei reported late on Wednesday without naming the source. Nippon Telegraph (NTT), one of the country's largest listed firms, currently...
Copyright 2023-2026 - www.financetom.com All Rights Reserved