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.

News 18 Mar 2022 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
News 28 Feb 2022 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
News 18 Feb 2022 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
Insights 10 Feb 2022 7 min read

Impact of Identity Fraud: Governments, Businesses and You

Fraud has existed as old as mankind, but boiling down such a complex and nuanced topic into a single word isn’t doing it justice. If not seriously treated, frauds such as identity fraud poses huge risks to both individuals and businesses alike. Fraudsters apply a variety of tactics and scams, but

emas ekyc
News 24 Jan 2022 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
News 19 Jan 2022 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
News 31 Dec 2021 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
Insights 17 Dec 2021 7 min read

Looking Back : 3 Trends within eKYC in 2021

A 2021 report by Facts and Factors shows that the global eKYC market is growing at a compound annual growth rate (CAGR) of 22%. Innov8tif is experiencing growth several times larger than that — thanks to our solid team of engineers and product makers, with some elements of luck involved. A message

eKYC emas ekyc
Insights 15 Dec 2021 8 min read

Metaverse and the Future of Computer Vision

Metaverse - a new phase of interconnected virtual experiences using technologies like virtual and augmented reality. At its heart is the idea that by creating a greater sense of “virtual presence”, interacting online can become much closer to the experience of interacting in person. Imagine users ha

emas ekyc future of technology
Insights 5 Nov 2021 8 min read

Differences between InsurTech and Conventional Insurance?

Source: pexels.com Although the word \"InsurTech\" dates back to at least 2010, its use and influence have grown in recent years. InsurTech - a portmanteau of insurance technology – is about how technology is transforming the insurance sector at its most fundamental level. InsurTech in Mala

artificial intelligence conventional insurance
News 18 Oct 2021 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
Insights 23 Sep 2021 9 min read

eKYC: Benefits for Non-Financial Sectors?

Source: pexels.com eKYC (electronic Know-Your-Customer) is a concept that you've probably heard or read about. With the migration of a wide range of products and services to the internet, the necessity for digital customer onboarding has grown. The procedure entails a series of tests carri

aml eidas

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