BBVA

Facial recognition delivers incredible convenience to consumers, as well as serious risks.

Facial Recognition

<div>
 
 Based in Spain, Veridas offers a concept called &quot;Phygital identity,&quot; which involves the blending of physical and digital verification methods. Its proprietary AI-based automated solutions consist of facial biometrics and voice biometrics to verify identities, authenticate identities, and verify documents. The Veridas engine processes a facial image by transforming it into an irreversible vector, making it irretrievable if the vector is misplaced. Subsequently, the vectors derived from the images are compared to ascertain their likeness score. As of April 2023, the accuracy of the Veridas facial recognition algorithm was 97.68%. Accordingly, Veridas was identified as the fourth best algorithm (among 150 evaluated) by the US National Institute of Standards and Technology (NIST) in April 2023. It is also one of the few companies to achieve both iBeta's level 1 and level 2 certifications, which evaluate liveness detection capabilities.
 
 
 Key customers and partnerships
 
 
 The company has served over 250 clients in 25 countries, including the US, the UK, Mexico, and Spain, in the banking, insurance, telecommunications, and public administrations sectors.
 
 
 Funding and financials
 
 
 In April 2023, Veridas raised EUR 15 million (~USD 16.4 million) from its partners to expand global operations. The company had plans to grow its operations by 100% in 2023, with expectations to achieve EUR 26.3 million (~USD 28.8 million) in revenue.
 
 
 
</div>

Siemens Gamesa supplies wind turbines and power solutions to customers. The company is a global leader in the renewable energy industry specifically in the development, installation, maintenance, and manufacturing of wind turbines. Siemens Gamesa's vision is to be the global leader in the renewable energy industry driving the transition towards a sustainable world. Siemens Gamesa was founded in 1976 and is based in Zamudio, Spain.

El Corte Inglés is a business group with more than 80 years of history, upholding the same values as always. Our steadfast principles of ethical and responsible conduct  allow us to evolve towards an omnichannel model more aligned with digitalisation, diversification and sustainability. This has meant a progress in the transformation of El Corte Inglés from a retailer to a unique ecosystem. Without ever taking our eyes off the product and service quality, expertise, curated selections, guarantees and innovation we offer with the ultimate goal of making people's lives easier.

Comprehensive and specialized care for urogenital pathologies.

Solarpack focuses in the development and operation of large-scale photovoltaic solar projects. The company also has a consulting department that advises international customers in all areas of solar photovoltaic energy. The company global divisions which are development and construction, power generation,  and services, represent an attractive and well-balanced combination of long term stable revenues with less recurrent yet highly profitable activities. It operates and maintains 13 plants, with a total capacity of 160 MW, and provides asset management services for a total of 302 MW of projects. The company also has a diversified geographical presence and employs over 140 people in 10 countries. Founded on 2005, Solarpack is a solid and solvent company, capable of executing quality and valuable projects for the society and the environment. It contributes directly to the social development of the communities and markets in which it operates, through the creation of economic value, and also through the generation of quality employment and through the social projects it promotes. It is headquartered in Getxo, Vizcaya in Spain.

Polestar is an electric performance brand, focused on uncompromised car design and technology. A Volvo subsidiary, Polestar is at the center of Electromobility, introducing world-class electrified cars and innovative, customer- focused services and offers. Polestar is set to launch a range of electric vehicles. Polestar 1 will begin production in 2019 whilst Polestar 2 and 3 are already at advanced stages of development.

Qualitas Energy is an infrastructure company. The company intends to make investments in the renewable energy sector.

Paack is focused on providing an efficient, sustainable, adaptable and quality delivery experience to its customers. The company has a clear vision; to lead sustainable eCommerce deliveries in Europe.   To accomplish this, Paack counts with an in-house technology platform, built by its team of more than 120 engineers, that allows for the automation, robotisation, and optimisation of processes, achieving maximum efficiency throughout its operational chain. As a result, Paack has a 96% success rate on first delivery attempt, travelling less to deliver more, which in turn, reduces its carbon emissions. Indeed, Paack is a delivery solution that combines the needs of the customer with the needs of the planet. To reach its objective of being carbon net-zero by 2030, Paack puts emphasis on the E (Environment) of its ESG Strategy. By following four steps, the company, addresses its sustainability approach to the Planet; 1. Measure its environmental impact, 2. Reduce through decarbonization actions its carbon emissions, 3. Contribute to the environment by working with several partners, and 4. Report by keeping track of its progress through different reports following sustainability standards. For more information on Paack’s sustainability strategy, click here: https://paack.co/sustainability/ At present, Paack operates in Spain, France, Portugal, and Italy.

X-ELIO is a leading firm specialized in the development, construction, financing & operation of photovoltaic plants with a global presence.

Kampaoh specializes in nature accommodations offering a new camping experience. They provide an equipped campsite with tents and tepees for rent that is already set up and meets an array of criteria in terms of facilities, location, and camper care. Kampaoh is a new concept of ''going camping'' that eliminates the hassle of carrying equipment and prepares everything so that people can enjoy the trip, relax, and rest comfortably from the first minute.

Veridas is a computer software company that specializes in the fields of artificial intelligence, document authentication, and biometrics. Its technologies are designed as a SaaS model, can be combined modularly in any way to combat fraud, increase security, and improve user experience. The company was founded in 2017 and headquartered in Tajonar, Navarra.

BBVA is a financial company that provides a variety of banking services online. It offers a platform that allows users to register their savings account in USD or euros, request the withdrawal of their account, card, and custody account. Also, Lucia, a virtual assistant can help users in their queries, claims, doubts, and suggestions.  The company was founded in 1857 and si headquartered in Bilbao, Spain.

<div> BBVA is a financial company that provides a variety of banking services online. It offers a platform that allows users to register their savings account in USD or euros, request the withdrawal of their account, card, and custody account. Also, Lucia, a virtual assistant can help users in their queries, claims, doubts, and suggestions. The companywas founded in 1857 and si headquartered in Bilbao, Spain. </div>

Spanish bank BBVA given green light to take control of TSB

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

Platforms that allow FinTechs to integrate banking services such as opening and maintaining accounts, facilitating card payments, etc.


Platforms that enable FinTechs to integrate a range of payment-related services such as one-time payments, subscriptions, and receipt management for domestic and cross-border transactions.


Companies that enable organizations to embed anti-money laundering (AML), identity verification, and know-your-customer (KYC) solutions.


Platforms that allow FinTechs to integrate lending services,  by typically applying AI/ML technology to a spending analysis to analyze creditworthiness.

Companies providing APIs and integrations for FinTechs to access securities markets, facilitate transactions and clearing, and provide insights to help end-users manage their finances.

Making banking work, without the paperwork

Neobanks

Platforms offering digital checking and savings accounts that target all types of individual consumers

Platforms offering digital checking and savings accounts that target businesses and freelancers

Platforms offering loans and/or other forms of credit to consumers, solely via digital channels

Platforms offering loans and/or other forms of credit to businesses, solely via digital channels

Platforms offering digital checking and savings accounts that target niche consumer segments with specific interests such as kids, teens, and ethnic minority groups

BBVA

Featured Industries

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless