Vietnam’s leading financial technology group, MoMo, has integrated iProov’s Dynamic Liveness solution to bolster security for its millions of users, addressing the rising threat of sophisticated digital identity fraud, including deepfakes and digital injection attacks. This deployment reinforces MoMo’s commitment to user trust and proactive compliance with new regulatory mandates.
The financial services and payments sector is experiencing a global increase in sophisticated threats, many driven by generative AI. In response to this evolving landscape, the State Bank of Vietnam issued Decision 2345, which mandates stronger biometric authentication for online transactions. MoMo’s integration of iProov’s technology aims to meet these new regulatory requirements and uphold its core principle of trust, ensuring secure and genuinely human interactions.
iProov Dynamic Liveness utilizes patented Flashmark™ technology to defend against advanced AI-driven threats. The system verifies that an individual is a real person, the correct person, and is present in the moment, rather than a presented photo, video, or deepfake. This level of identity assurance is crucial in high-risk scenarios such as financial services, helping to prevent fraudulent transactions, protect user accounts from unauthorized access, and sustain user confidence in the platform’s security.
Pham Kim Long, Head of AI & Big Data at MoMo, stated, “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.” He added that MoMo is committed to advancing financial inclusion through a smart, accessible, and trusted super app, with maintaining user trust as a top priority.
Andrew Bud, founder and CEO of iProov, commented, “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. In an era of generative AI, protecting against sophisticated fraud is essential for enhancing user engagement and expanding digital financial services. Our Dynamic Liveness technology provides the high level of identity assurance needed to build that trusted ecosystem, enabling MoMo to continue its mission of financial inclusion safely and securely.”
MoMo is recognized as one of Vietnam’s four technology unicorns and is the country’s leading Financial Technology Group. With a mission to improve the lives of Vietnamese people and merchants by providing access to superior, simpler, and affordable financial solutions and daily services, MoMo serves over 30 million users and hundreds of thousands of partners nationwide. The company plays a vital role in advancing financial inclusion and accelerating Vietnam’s digital economy and has received accolades such as the “Best Financial App in Asia” by The Asian Banker.
iProov specializes in science-based biometric solutions that enable secure remote onboarding and authentication for digital and physical access. Its liveness technology and iSOC offer resilience against deepfakes and generative AI threats, providing effortless and scalable user experiences. iProov is trusted by various governments and enterprises globally, including the U.
S. Department of Homeland Security, U.
K. Home Office, GovTech Singapore, ING, and UBS, setting a standard in biometric identity assurance.
