Madrid, 30 July 2015.- FacePhi, a Spanish technological Company listed on the Spanish Alternative Investment Market, has increased its Board Management with Fernando Orteso as a Board Member, as it has announced to the market today. With this incorporation, the firm has gets one of the first experts in investment banking who advised few companies in their debut in the Alternative Market.
Orteso, graduated in Economics, with an MBA by the Business Institute and a training which certifies him as a specialist in private banking, counts with more than 30 years working in entities like Barclays Spain, Beta Capital or Banesto Bolsa, where he managed some process for Companies to be listed on the Spanish AIM during his 13 years as Executive Director. Also, he was a Board Member of Bolsa de Madrid during nine years. Nowadays, he is a member of the Spanish Institute of Financial Analysts (IEAF).
With this new position in the Management Team of FacePhi, Orteso will contribute with his trading and financial market experience and his knowledge about the environment of institutional investors and the performance of the SMEs, to advice and participate very close to the growing and expansion process of the Spanish technological Company.
The incorporation of Fernando Orteso to the Board Management of FacePhi happens in a key moment now that the Company is involved in an expansion plan to take facial recognition to Latam. This region represents one of its main strategic markets as more than the 90% of the banking fraud is produced by phishing, with annual losses around 40 million of euros.
In fact, in less than a year, the technological Company has signed two contracts with the entities Grupo Mutual and Coopeservidores from Costa Rica to install its system in mobile banking to ensure the security of their clients when they access to their private account through online banking. Likewise, few weeks ago, FacePhi announced its agreement with the Bolivian entity BBVA Prevision AFP where it will take its technology to users of online channels.
Facephi Biometría is a public company listed on the MAB (Spanish Alternative Investment Market), specialized in developing and marketing facial recognition software and is one of the most relevant manufacturers in the world, working for banking, vehicle, private security and public sectors. FacePhi focuses its activity on mobile devices, reducing fraud in accounts. FacePhi is one the main technology stocks which was listed on the MAB it has direct presence in 18 different countries, among which we found Latam strategic markets such as Panama, Chile, Colombia, and Argentina. Its facial recognition software uses own algorithms, which makes it the original owner of the FaceRecognition technology.For more information: www.facephi.com