BBVA and Das-Nano launch new biometrics company, Veridas, for identity systems

Multinational Spanish bank BBVA has partnered with nanotech startup Das-Nano to create a new company known as Veridas, which will specialize in providing secure biometrics for identification and authentic systems.

The collaboration will be dedicated to the research and development of software for digital verification and authentication of personal identity. With biometric technology, Veridas plans to provide secure verification with facial, voice, image or document recognition, as well as fingerprint reading.

Veridas will be directed by Das-Nano cofounder and Chief Executive Eduardo Azanza, and will help BBVA enhance its biometrics portfolio for authoritative identification of employees and/or customers.

Specifically, BBVA says the work by Veridas will allow it to simplify access to off-site services, while enhancing security for both transactions and interactions over digital channels.

“Veridas will contribute the talent, the knowledge and the specialized experience necessary for the technological development that will allow us to reach our goal, which is to bring the age of opportunity to everyone,” said Ignacio Bernal, head of architecture and IT innovation at BBVA.

BBVA is a major player in identity, and the company’s Open Talent 2017 Identity competition took place at One World Identity’s K(NO)W Identity Conference in May. Startup SnapSwap won the competition and took home the grand prize of €30,000.

BBVA first began working with Das-Nano in 2015, collaborating with them on joint projects in personal identity authentication. The alignment will allow both companies to continue investigating and growing biometrics for technological security, they said.

“Digital transactions are going to be more secure, thanks to the use of biometrics. The talent of our people, our experience in the use of deep neural networks and artificial intelligence, along with the daily application of these technologies to millions of cases, will allow us to spearhead this field,” Azanza said.