Making Banking Safe and Easy with Facephi and Exist this 2025

Pasig City, Metro Manila, Philippines – Last June 11, 2025 Facephi and Exist Software Labs, Inc. officially celebrated the commencement of a strategic partnership. It wasn’t just about celebration and networking of key leaders and experts from the banking industry– it was a window of the future of banking.

Facephi isn’t just about scanning faces. It’s about understanding identity at a deeper, smarter level. Their biometric engine is capable of recognizing 30 million faces in under a second—isn’t simply fast. It’s transformative. It’s AES 256-encrypted. Multilingual. Government-database ready. But most importantly, it’s frictionless. In a world where digital interactions often come at the expense of user convenience or safety, Facephi asks: Why not both?

Exist, with its intimate grasp of the local banking terrain, understands the delicate balance between innovation and regulation, between speed and scrutiny. Their integration of Facephi into core banking touchpoints is not just an upgrade. It’s a strategic evolution.

“The digital age presents both immense opportunities and significant challenges for the banking industry,” says Jemelyn Ambrosio, Head of Banking and Financial Services at Exist.
“Our partnership with Facephi gives Philippine banks the edge they need—not just to keep up, but to lead.”

Picture this:

• Mobile banking, where your face—not your password—is your key.
• Loan applications, verified in minutes, not days.
• Onboarding that doesn’t feel like a bureaucracy trap, but a one-scan-and-go experience.

These are not just features. They’re friction points turned into fluid moments. And with AI joining the equation, these moments become smarter, more predictive, and hyper-personalized.

Learn about Exist and Facephi Partnership 

Artificial Intelligence in Fintech is no longer just about operational efficiency or smarter algorithms—it’s about redefining trust, accountability, and human-machine synergy. We must resist the temptation to fall into the AI rabbit hole where automation becomes the end rather than the means. In this modern era, a powerful AI tool by Microsoft Co-pilot is rightly called a co-pilot—never the pilot because it is designed to augment human decision-making, not override it.

At the event, a powerful insight : even countries like the UAE and Estonia—known for their advanced Fintech ecosystems—have seen fraud rates as high as 39%. This sobering statistic, shared by Alejandro Gomez de Cuenca,, Senior Vice President | Partner Channel of Facephi, underscores a critical point: sophisticated tools alone are not enough. Without oversight, sanctioned AI can be undermined by “Shadow AI” systems—unaudited, unmonitored tools that create more vulnerabilities than they solve.

And what of the future? Picture this: a government-issued Data Identity Wallet that renders today’s eKYC processes obsolete. The implications are profound. Will centralized identity systems reduce friction—or raise new concerns about privacy, control, and ethical use?

The AI era in Fintech isn’t just about doing things faster. It’s about asking harder questions. Who’s in control? How do we ensure that tech serves the people—and not the other way around?

Why This Partnership Matters

Let’s be clear: this isn’t just about better tech.

It’s about empowering trust in a digital-first economy. It’s about equipping banks to not only meet the demands of tomorrow’s customers but to exceed them—safely, efficiently, and with a human touch.

When biometric intelligence meets deep local expertise, the result is not just improved user experience. It’s a cultural shift in how we define “secure banking” in the Philippines.

What’s Next?

Exist Software Labs Inc. will be joining the Digital Banking Asia Summit 2025, bringing this vision to an even wider audience. The question is: Are you ready to experience what’s next?

Because in this future, your identity is not just protected—It empowers.