{"id":15431,"date":"2020-11-12T10:23:19","date_gmt":"2020-11-12T10:23:19","guid":{"rendered":"https:\/\/veridas.com\/?p=15431"},"modified":"2024-11-29T12:10:56","modified_gmt":"2024-11-29T12:10:56","slug":"bbva-and-das-nano-strengthen-their-alliance-with-a-capital-increase-in-veridas","status":"publish","type":"post","link":"https:\/\/veridas.webgate.codes\/en\/bbva-and-das-nano-strengthen-their-alliance-with-a-capital-increase-in-veridas\/","title":{"rendered":"BBVA and das-Nano strengthen their alliance with a capital increase in Veridas"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t

Introduction<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

The Navarra-based company Veridas has experienced solid growth since its creation in 2017 and has established itself as a global leader in the field of biometrics and digital identity verification. Its two founding partners, BBVA and Das-Nano, have carried out a financing round of four million euros in the company that will serve to continue expanding their business in new markets.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t

Veridas\u00a0is a leading international company in the field of digital identity verification. The company was created\u00a0in 2017 as a \u2018joint venture\u2019\u00a0between BBVA and the Navarran technology firm\u00a0das-Nano\u00a0to develop new, more secure and user-friendly customer identification and authentication systems.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t

Since its inception, the company has grown rapidly. Today, it performs\u00a0millions of cloud-based identity validation operations<\/strong>\u00a0and has a robust, reliable, and internationally recognized technology. Its services use self-developed\u00a0artificial intelligence<\/a>\u00a0algorithms and operate in three main areas: document verification, face biometrics and voice biometrics.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t

The increase in capital by its two founding partners, BBVA and das-Nano, will involve the injection of\u00a0four million euros<\/strong>\u00a0into the company. This decision reinforces the support of both companies in Veridas as a business partner and confirms the confidence in the project as a result of its successful track record.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t

The increase in capital by its two founding partners, BBVA and das-Nano, will involve the injection of\u00a0four million euros<\/strong>\u00a0into the company. This decision reinforces the support of both companies in Veridas as a business partner and confirms the confidence in the project as a result of its successful track record.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t
\n\t\t\t

\n\t\t\t\t\u201cVeridas has established itself in a short time as a first-rate technology provider in biometric recognition. Thanks to this alliance, BBVA was the first institution in Spain to allow an account to be opened in a completely digital way just by taking a selfie. Veridas\u2019s technology has been key to driving the adoption of the real-time customer enrollment service launched in 2016.\"\t\t\t<\/p>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\tGonzalo Rodr\u00edguez -<\/b> Director of Business Development at BBVA in Spain<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t

Business Expansion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Thanks to this new impulse, Veridas expects to continue\u00a0increasing its commercial presence in Europe and Latin America<\/strong>, as well as its customer support services, which it plans to extend to new countries in the coming months. In addition, the investment will serve to strengthen its equipment and technological capabilities in order to maintain its leadership among the world\u2019s leading manufacturers of digital identity verification technology.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t

\n\t\t\t\t\"The capital increase is a sign of trust in Veridas from the two partners and a reinforced commitment to the team, the technology, and the company\u2019s vision of becoming one of the world\u2019s leading players in biometrics and digital identity verification\"\t\t\t<\/p>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\tEduardo Azanza -<\/b> CEO & co-funder at Veridas<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"CEO-Veridas---Eduardo-Azanza\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t
<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t

Greater demand for its services<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

In the wake of the coronavirus crisis, the demand for biometric and\u00a0digital identification technologies offered by Veridas<\/a>\u00a0has grown exponentially, which\u00a0has accelerated the adoption of digital services<\/strong>\u00a0that require remote verification of users in new sectors.<\/p>

The company is currently operating in Europe and America where it is growing rapidly, with\u00a0clients in different sectors<\/strong>\u00a0such as financial services, insurance, telecommunications, transport, and public administration, among others.<\/p>

Veridas facial biometrics technology has been recognized as one of the best in the world in periodic evaluations carried out by the\u00a0U.S.\u00b4s National Institute of Standards and Technology (NIST)<\/a>, an international benchmark for technological standards. In addition, in terms of voice biometrics, its technology was ranked the 2nd best solution in the world in the prestigious international\u00a0Short-duration Speaker Verification Challenge<\/a>\u00a0(SdSV) competition in 2020. This initiative assesses voice recognition technologies in a scenario of very short recordings (3\u201d), in various languages \u200b\u200b(\u2018language-independent\u2019) and with variability in content (\u2018text-independent\u2019).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The second edition of the Veridas BootCamp reinforces the ongoing training of the company’s facial recognition biometric engines to improve the fight against digital fraud.<\/p>\n","protected":false},"author":4,"featured_media":15434,"comment_status":"open","ping_status":"closed","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[85],"tags":[],"class_list":["post-15431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stakeholders"],"acf":[],"_links":{"self":[{"href":"https:\/\/veridas.webgate.codes\/en\/wp-json\/wp\/v2\/posts\/15431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/veridas.webgate.codes\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/veridas.webgate.codes\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/veridas.webgate.codes\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/veridas.webgate.codes\/en\/wp-json\/wp\/v2\/comments?post=15431"}],"version-history":[{"count":4,"href":"https:\/\/veridas.webgate.codes\/en\/wp-json\/wp\/v2\/posts\/15431\/revisions"}],"predecessor-version":[{"id":85281,"href":"https:\/\/veridas.webgate.codes\/en\/wp-json\/wp\/v2\/posts\/15431\/revisions\/85281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/veridas.webgate.codes\/en\/wp-json\/wp\/v2\/media\/15434"}],"wp:attachment":[{"href":"https:\/\/veridas.webgate.codes\/en\/wp-json\/wp\/v2\/media?parent=15431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/veridas.webgate.codes\/en\/wp-json\/wp\/v2\/categories?post=15431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/veridas.webgate.codes\/en\/wp-json\/wp\/v2\/tags?post=15431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}