Facia Wins Project of the Year at the Global Fintech Awards 2024

London, England – November 27, 2024 – Facia, an international provider of deepfake detection, liveness, and facial biometrics solutions for businesses, has won the Project of the Year Award at the inaugural Global Fintech Awards conducted by Fintech Magazine in 2024.

Fraudulent activities done using fake accounts, identity theft & duplicate records (through spoof technologies like deepfakes), cause modern fintechs massive financial losses every single year. Advanced facial biometrics and liveness detection are currently the most effective defense mechanisms for such companies to deal with these problems, and prevent the potential financial/reputational loss that they might subsequently incur.

Held late last month, the debut edition of the Global Fintech Awards brought together leaders of the finance and fintech domain to celebrate both achievements and milestones in digital banking, payments, and sustainability.

A total of 51 different companies and individuals were shortlisted as nominees for the first edition of the event, competing for 12 different awards. Other than Facia (the winner), there was one other company mentioned as ‘Highly Commended’, and two companies mentioned as ‘Shortlisted’ in the Project of the Year category.

The Fintech Magazine is a respected publication that covers all things happening in the global world of financial technology. It provides updates regarding all things fintech, banking, digital payments and technology, crypto and more. It also publishes analyses of industry trends, profiles of leading individuals and other industry coverage.

Mujadad Naeem, the CEO of Facia, stated the following on the occasion:

“This recognition reflects our commitment to advancing the field of cybersecurity through powerful facial biometrics-based solutions. We will continue to strive for even bigger milestones, and help companies to ensure security in an ever-evolving digital threat landscape.”