Innov8tif blog
Identity verification, decoded.
Field notes from the team running eKYC for tier-1 ASEAN banks. New analysis each week on regulation, fraud patterns and ROI.
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News 4 min read
EMAS eKYC Now Supports Proof of Income & Address Services
Innov8tif Solutions has upgraded its document verification tool, OkayID, with Proof of Income and Proof of Address services. The new feature will help businesses to verify users' residential addresses and income status through scanning documents using mobile phones. The update aims to streamline the customer journey for activities such as loan applications, consumer service subscriptions, company secretarial services, and professional services. The tool collects photos of the relevant documents,
emas ekyc -
News 8 min read
ASEAN Digital Banks: What's Next?
The fintech industry in Southeast Asia has seen a surge due to the pandemic, which has led to a rise in digital banking. However, traditional banks still have a strong presence in the region. Many fintech startups have entered joint ventures with traditional banks to modernize the latter. Cybersecurity is a significant risk as technology sophistication grows. Financial services and fintech companies are regarded as most at risk of cyberattacks, with phishing attacks remaining a concern in the re
emas ekyc -
News 5 min read
eKYC Adoption Amongst Philippine Banks
The Philippine’s central bank, Bangko Sentral ng Pilipinas’ (BSP), is in the midst of to improve customer identification and verification amongst banks and non-banks. It uses the country’s national ID as an independent source of proving one’s iden...
Bank eKYC
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News 2 min read
The Financial Times' High-Growth Firms -- Innov8tif
The Financial Times APAC Growth List This article first appeared in Malaysian AI Tech company Innov8tif Solutions Sdn Bhd (Innov8tif) is proud to be featured amongst the list of , compiled by research firm Statista. Innov8tif specialises in ID ass...
MyNasional eKYC
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News 4 min read
Innov8tif Announces Strategic Organisational Reforms
Innov8tif Solutions has announced a comprehensive organisational restructuring program as it transitions to its new stage of growth, dubbed Innov8tif 2.0. The plan includes the reshuffling of key roles within the company and the appointment of new strategic leaders to oversee critical departments. Former COO Law Tien Soon will now serve as the Chief Innovation Officer (CIO), responsible for managing product innovations and technical pre-sales operations. Micol Chan, previously the Project Direct
MyNasional eKYC
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News 7 min read
BNM Financial Sector Blueprint 2022-2026
The Financial Sector Blueprint 2022-2026 by Bank Negara Malaysia aims to resolve the uneven local economic recovery, combat regulatory challenges of new digital technology, address financial exclusions of certain demographics and build a greener and climate resilient economy. Innov8tif’s key focus would be on BNM's efforts to advance digitalisation in the financial sector. However, it is challenging to push a digitalisation agenda synchronously when each heavily relies on one another. Innov8tif
BNM Financial Sector Blueprint
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News 3 min read
Innov8tif Lands Award in Top In Tech Innovation Award 2021
Innov8tif Solutions Sdn Bhd has been awarded first runner-up for the Most Promising Growth Company Award in the Top In Tech Innovation Awards 2021. Innov8tif's proprietary solution, OkayDoc, has been implemented in over 30 eKYC implementations, with the company more than doubling its eKYC transactions to 7.5 million in 2021. The award recognizes the company's rapid growth over the past year, despite the pandemic's challenges.
award MyNasional eKYC
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News 3 min read
Innov8tif Completed Annual Surveillance Audit for ISO 27001:2013 Standards
Innov8tif has successfully completed its annual surveillance audit for ISO 27001:2013 standards, according to an announcement made by the company. The audit was conducted by external auditor Guardian Independent Certification (GIC) and was aimed at ensuring Innov8tif is continuing to comply with ISO standards, fulfill applicable legislative and contractual requirements, and demonstrate continuous improvements to its processes. With the certification, Innov8tif's clients and stakeholders can be c
ISO MyNasional eKYC
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News 2 min read
Sunway Shoebox: Spreading Christmas Joy
Innov8tif donates reusable shoe boxes containing gifts worth RM20 to underprivileged communities through their annual program, Shoebox Christmas. COO of Innov8tif, Joe Seah, expressed his hope to bring joy to everyone who receives a shoe box regardless of their age. This year, almost 200 shoe boxes were distributed to three underprivileged communities, including orang asli settlements and a home for single mothers and orphans.
CSR MyNasional eKYC
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News 2 min read
Innov8tif: Top Placer Mention for AI in the 2021 Go Global Awards
On the 14th October 2021 the International Trade Council announced the winners of the 2021 with Innov8tif securing a Top Placer Mention. Originally launched in 1989, The International Trade Council’s Go Global Awards celebrate organizations that d...
award MyNasional eKYC
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News 3 min read
Tech in a Time of Pandemic and Political Turmoil
Malaysia has experienced more political instability in the past decade than in its entire history, and the Covid-19 pandemic has only made things worse. However, Law Tien Soon, COO at AI solutions provider Innov8tif Solutions, believes that technology can help the country navigate through these challenging times. Law suggests that digital transformation should not just be about adding technology to existing processes, but should also involve streamlining and eliminating redundancy in government
AI emas ekyc
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News 2 min read
Innov8tif: The Blessing of Giving
Innov8tif, a Malaysian technology company, has provided food and grocery vouchers to 200 families affected by the pandemic lockdown in Subang Jaya. The vouchers were distributed from three locations in the area and aimed to support those who have suffered income loss. This is the second time Innov8tif has contributed to the local community where its headquarters is located. Other Malaysian tech companies have also launched initiatives to help families in need, including FoodBank.digital by Exaby
corporate social responsibility CSR
Monthly identity-verification briefings.
One email a month. Regulatory updates, fraud telemetry and the analysis behind it. No marketing.