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Facephi, experts in digital identity and fraud prevention in regulated environments, publishes a Compliance Pocket Guide for the South African financial sector

CAPE TOWN, South Africa, March 05, 2026 (GLOBE NEWSWIRE) — South Africa is experiencing one of the most pivotal moments in its recent financial history. The country's removal from the grey list of the Financial Action Task Force (FATF) marks the culmination of a demanding commitment: to demonstrate sustained effectiveness in combating money laundering (AML) and the financing of terrorism (CFT).

“Exiting the grey list is a historic achievement for South Africa – but regulatory expectations are now higher than ever. Financial institutions need technology that not only meets today's requirements, but anticipates what comes next.”

Added to this regulatory landscape is the South African government's digitalisation agenda, announced by President Cyril Ramaphosa in his 2026 State of the Nation Address. The plan includes the rollout of a national digital identity system (Digital ID) and the digitisation of driver's licences and other public services through the MyMzansi platform. This infrastructure provides an ideal foundation for banks and fintechs to strengthen account-opening processes, reduce reliance on physical documents, and ensure that every digital interaction is traceable and compliant with AML/CFT standards.

In this context, Facephi's technology acts as an enabling layer: it allows financial institutions to connect their onboarding and authentication processes to the public identity infrastructure, while ensuring compliance with POPIA and the Joint Standard 2 of 2024 on data protection and cybersecurity.

Facephi brings to South Africa the credibility of over a decade operating under the world's most demanding regulatory environment: the European Union. Its solutions hold certifications including ISO 30107-3 (liveness detection), ISO 27001 (information security), iBeta Level 2 and SOC 2, with clients that include Scotiabank. This track record translates into explainable AI, auditable controls, and full process traceability – requirements the South African market is demanding with increasing urgency.

South Africa Compliance Pocket Guide: the roadmap for the financial sector

To help financial institutions navigate the current regulatory landscape, Facephi has published the South Africa Compliance Pocket Guide – a freely accessible, practical guide offering executive-level guidance on:

  • The key requirements of FICA, POPIA and Joint Standard 2/2024 for day-to-day financial operations.
  • How to implement biometric verification in line with DHA and PASA 2016 standards.
  • Strategies for automating the STR cycle and screening for sanctions and PEPs in a post-grey list environment.
  • Cybersecurity essentials for meeting the 24-hour incident reporting obligation and mandatory penetration testing requirements.
  • How to integrate digital identity technology with the MyMzansi public infrastructure to simultaneously reduce friction and risk.
The guide is available free of charge. Click here to download 

About Facephi

Facephi is a technology company specialising in anti-fraud, protection and verification of digital identity, with AI/ML-powered solutions for regulated industries. It combines multibiometrics, behavioural signals, mule account detection and process orchestration in an end-to-end solution that reduces fraud and friction, accelerates go-live in a matter of weeks, and ensures regulatory compliance from day one.

With over a decade of technology development experience, headquartered in Spain with subsidiaries across APAC, EMEA and LATAM, Facephi serves clients in more than 30 countries worldwide – delivering innovative solutions that address the security challenges of an ever-evolving digital environment.

Press contact: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/375b94b4-78a2-4f6a-a520-70f6913633b9


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WALLIX reinforces its strategic footprint in the Middle East as demand for digital sovereignty accelerates

Paris, France – February 24, 2026, WALLIX (Euronext ALLIX), a European cybersecurity software vendor specializing in Identity and Access Management (IAM) and a recognized European leader in Privileged Access Management (PAM), marks 10 years of sustained growth in the Middle East. The region is a major contributor to the Group’s performance momentum. In 2025, WALLIX reported +37% growth in recurring revenue across EMEA (excluding France), driven in particular by approximately +40% growth in the Middle East–Africa region. Against a backdrop of escalating cyber threats and increasing digital sovereignty requirements, WALLIX continues to strengthen its position as a strategic partner in protecting critical infrastructure across the region.

A decade of local presence supporting digital sovereignty
Established in the Middle East for over ten years, WALLIX has built a strong regional footprint supported by an experienced local team and a network of more than 40 certified partners covering all Gulf countries. The company also offers local hosting facilities, addressing the growing demand for in-country data residency within national jurisdictions. This footprint is built on a “Channel First” strategy, driven by high-value-added distributors such as Cloud Dubai and SCOPE Middle East, ensuring organizations across the region rapid access to WALLIX solutions, close customer support, and agile deployment capabilities at scale.
This local presence has translated into robust performance. The Middle East–Africa region is now WALLIX’s second-largest geographic area and the leading contributor within EMEA, with growth close to 40%. Several significant contracts have recently been secured in the Middle East, including projects to secure industrial OT environments across the utilities, healthcare, and construction sectors. These wins underscore WALLIX’s commercial momentum and its ability to address the security challenges of critical infrastructure throughout the region.

« The Middle East is not a region to conquer for WALLIX, it has been part of our story since the company’s early days, often in geographically extreme and fascinating environments. Our very first commercial customer came from the Gulf region, and for more than ten years, we have built enduring relationships here with teams, partners, and customers who trust us every day,» said Ahmed Bouzid, VP Sales Middle East Africa at WALLIX.  « Today, our priority is to support the United Arab Emirates and the Kingdom of Saudi Arabia in securing both their IT and industrial OT environments with solutions that are simple, adaptable to local requirements, sovereign, and immediately operational. Solutions where architecture and customer data remain independent from sometimes intrusive extraterritorial regulations that may not be aligned with local contexts.»
Digital sovereignty: a credible European alternative
Digital sovereignty has become both an economic and strategic imperative. In the United Arab Emirates and the Kingdom of Saudi Arabia, organizations are seeking solutions capable of protecting critical assets while complying with local data governance and regulatory requirements. In a global environment where certain digital and cybersecurity technologies may be subject to extraterritorial legislation and foreign legal constraints, WALLIX promotes an independent European approach. The company delivers security solutions designed to protect national sovereignty, preserve state autonomy, and ensure full sovereign control over critical systems and sensitive data. WALLIX relies on internationally recognized standards such as ISO 27001 and offers solutions certified under the highest European security frameworks, including trusted schemes from ANSSI (France) and BSI (Germany). The company supports national initiatives aligned with the United Arab Emirates’s National Cybersecurity Strategy, the  Kingdom of Saudi Arabia’s Vision 2030, and compliance frameworks across highly regulated sectors such as finance, energy, healthcare, utilities, and government.

WALLIX One: a unified, high-performance, and agile cyber platform
As digital transformation accelerates, WALLIX supports Middle Eastern organizations in securing complex and often sensitive IT and industrial OT environments through its unified platform, WALLIX One.
The platform provides comprehensive identity and access protection, including human and non-human access control, privilege management, session monitoring and traceability, and access governance (internal, third-party, and machine-based identities). Designed for ease of adoption and rapid deployment, WALLIX One enables organizations to scale at their own pace, depending on cyber maturity, asset criticality, and operational or budgetary constraints. Deployment options include on-premises, cloud, hybrid, or managed services, allowing organizations to select the model best suited to their industry and business model, without unnecessary complexity or over-engineering.

About WALLIX
Listed on Euronext (ALLIX) since 2015, WALLIX is a European cybersecurity software vendor and a recognized European leader in Privileged Access Management (PAM). WALLIX supports public and privatorganizations in securing identities and access, strengthening operational resilience, regulatory compliance, and digital autonomy. Today, the unified WALLIX One platform protects more than 4,000 organizations worldwide. It secures identities, user access, and privileged accounts across both digital (IT) and industrial (OT) environments, enabling organizations to operate securely and evolve confidently in an increasingly complex and interconnected digital world.
www.wallix.com | [email protected]

FINANCIAL COMMUNICATION CONTACTS
ACTUS Finance & Communication
Investor Relations – Hélène de Watteville
+33 (0)1 53 67 36 33 / [email protected]

Press Relations – Déborah Schwartz+33 (0)6 27 09 05 73 / [email protected]


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