FaceTec revenue up over 50% in 2023 as annual liveness checks pass 2B

3D biometric liveness detection checks by FaceTec have surpassed 6 million per day. A 120 percent increase in liveness usage year-over-year leading to a 54 percent increase in revenue during full-year 2023, according to limited financial results published by the company.

FaceTec signed 18 commercial agreements with customers and partners over the past quarter, according to the announcement.

The company claims more than 543 million liveness checks were carried out with its 3D face biometrics technology, along with over 189 …

biometric biometric liveness detection biometrics biometrics news commercial detection face biometrics facetec financial financial results liveness detection pass results revenue the company trade notes