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AI stock deploys facial recognition tech for global retailer

Market News, Technology
CSE:VSBY
08 August 2023 09:34 (EDT)

Source: Fractal Pictures.

Artificial intelligence stock VSBLTY Groupe Technologies (CSE:VSBY) has deployed an advanced facial recognition access control system for a major global retailer based in Mexico.

Unlike traditional key cards, key fobs or digital passwords, VSBLTY’s AI-based Vector software uses facial recognition to allow employee workplace access without physical checkpoints, while CCTV cameras and AI-backed software verify their credentials. 

The software continually searches for unknown persons based on a database of authorized personnel, with approved visitors being automatically logged and entered into the system’s memory. Security is automatically notified upon the presence of a stranger or previously problematic employee with an image on file.

Additional security features include weapons detection and the ability to trigger alerts upon suspicious behavior.

VSBLTY installed its technology in the Mexican client’s headquarters, enhancing its video management system with real-time monitoring and alerting.

“Employees forgetting passwords and losing keycards and fobs can be both an administrative nightmare and a financial burden for corporations,” Jay Hutton, VSBLTY co-founder and CEO, said in a statement. “This deployment of our AI-based Vector product for access control and building security alleviates many issues inherent in traditional access control systems. We anticipate the success of our advanced security system in Mexico will lead to many other installations worldwide.”

VSBLTY is a world leader in artificial intelligence and real-time interpretation of what a CCTV and other cameras see. The company focuses on proactive security products, as well as enhancing retail brand engagement and measurement through customized ads.

VSBLTY Groupe Technologies (CSE:VSBY) last traded at $0.09 per share.

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