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.

Insights 30 Nov 2023 6 min read

How Does Innov8tif Help Businesses Comply With Singapore’s AML/CFT Regulations?

In the ever-evolving landscape of financial technology, Innov8tif Solutions has emerged as a key player in providing innovative solutions to streamline processes and enhance customer experiences. As Singapore continues to strengthen its regulatory framework to combat money laundering (AML) and coun

aml compliance
Insights 10 Nov 2023 5 min read

ESG Compliance Through eKYC

The concept of corporate responsibility and sustainability is starting to gain traction within the thought process of many business strategies. This comes as companies are increasingly turning to Environmental, Social, and Governance (ESG) principles to guide their operations. As businesses strive

eKYC emas ekyc
Insights 11 Jul 2023 9 min read

eKYC - Deep Learning Technology to Prevent Deepfake

Deepfake is a rising threat, especially in the form of impersonations. Fraudsters are combining and superimposing existing images onto source images/videos using a machine learning technique known as generative adversarial network. It is effective enough to satisfy liveness tests by imitating facial

eKYC emas ekyc
Insights 25 Apr 2023 4 min read

eKYC - Expanding Insurance Access in the Philippines

In the Philippines, access to insurance has traditionally been limited to those who can afford to pay high premiums and complete lengthy application processes. However, the rise of electronic know-your-customer (eKYC) technology is changing this narrative, making it easier for Filipinos to access in

ASEAN eKYC
Insights 19 Apr 2023 3 min read

Bangko Sentral ng Pilipinas - New eKYC Regulation

All you need to know about BSP's new eKYC regulation (Mar 2023) The Bangko Sentral ng Pilipinas (BSP) released a circular on March 30, 2023, outlining amendments to existing customer due diligence (CDD) requirements for supervised financial institutions (FIs). These amendments aim to address the l

Bank eKYC
Insights 10 Apr 2023 5 min read

How Banks Verify Users: The 3 Authentication Factors

Introduction User verification has always been a challenge since the inception of trade and finance. In fact, it is a core requirement for people to conduct business with those they are unfamiliar with. The difficulty in authentication has led to various methods of identity fraud, from eavesdroppin

3FA authentication factor
Insights 5 Apr 2023 5 min read

Malaysian Insurance Industry: Improving UX with eKYC

  For many customers, the user onboarding process for digital insurance products is troublesome and tedious. However, these obstacles can be effectively overcome with some improvements to the user experience, leading to a more convenient and efficient onboarding process. Malaysia's health

eKYC emas ekyc
Insights 19 Oct 2022 5 min read

Microfinance Business Growth through AI Technology

Microfinance institutions (MFIs) provide small loans, small savings and small-scale financial products and services to people with economic vulnerability. Despite their key role in today's economy, the industry can be difficult to operate in. Digitalisation efforts, such as establishing an ID assura

artificial intelligence automated workflow
Insights 5 Jul 2022 6 min read

Anti-Money Laundering: Safeguarding Banks

Recent high-profile corruption cases plastering news headlines make the importance of anti-money laundering (AML) policies pretty clear. However, these policies have become increasingly complicated and detailed over the last decade, owing to the progression of technology, the loopholes stemming fr

anti-money laundering digital banking
News 1 Apr 2022 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
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 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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