iProov, the global leader in biometric identity verification, has partnered with MoMo, Vietnam's top fintech group, to deploy Dynamic Liveness technology. This integration secures MoMo's tens of millions of users against advanced digital fraud, aligning with Vietnam's new regulatory mandates for biometric authentication in online transactions.
MoMo, Vietnam's leading financial technology group, is bolstering its platform's security by implementing iProov Dynamic Liveness for remote identity verification. This deployment addresses the rising threats from generative AI, such as deepfakes and digital injection attacks, ensuring safe interactions for its vast user base. "As digital threats evolve, so must our defenses. Integrating iProov’s industry-leading technology provides an unparalleled layer of security, combating fraud like deepfakes and ensuring our users feel safe and confident in every interaction with MoMo," said Pham Kim Long, Head of AI & Big Data at MoMo.
The State Bank of Vietnam's Decision 2345 mandates enhanced biometric authentication for online transactions, prompting MoMo to proactively adopt advanced solutions. iProov Dynamic Liveness verifies that users are real people, the correct individuals, and present in the moment, preventing fraud in high-stakes financial scenarios. This technology is essential for safeguarding user accounts, blocking unauthorized access, and maintaining confidence in digital services.
iProov’s patented Flashmark technology powers Dynamic Liveness, offering robust defense against sophisticated AI threats. It ensures identity assurance without relying on static biometrics, making it ideal for fintech applications. "We are delighted to be selected by MoMo, a leading Fintech Group in the vibrant Vietnam market, who so clearly prioritizes user trust and security," said Andrew Bud, founder and CEO, iProov. "In an era of generative AI, protecting against sophisticated fraud is essential for enhancing user engagement and expanding digital financial services."
MoMo’s commitment to trust aligns with its mission to provide accessible financial solutions. By integrating iProov, MoMo advances secure, inclusive digital services, supporting Vietnam's fintech growth while protecting users from evolving risks.
iProov’s partnership with MoMo exemplifies how biometric innovation can fortify fintech platforms against AI-driven fraud. This collaboration not only meets regulatory standards but also builds a secure foundation for broader financial inclusion in Vietnam.
MoMo is one of Vietnam’s four technology unicorns and the country’s leading Financial Technology Group, with the mission of improving the life of Vietnamese people and merchants by using technology to give them access to superior, simpler and affordable financial solutions and daily services. Built on 100% homegrown technology and guided by a customer-centric philosophy, MoMo is committed to fulfilling the daily needs of millions of Vietnamese.
iProov provides science-based biometric solutions that enable the world’s most security-conscious organizations to streamline secure remote onboarding and authentication for digital and physical access.
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