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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Insights 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
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Insights 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
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Insights 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
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Insights 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
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Insights 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
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Insights 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
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Insights 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
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Insights 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
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Insights 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
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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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Insights 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
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Insights 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
Monthly identity-verification briefings.
One email a month. Regulatory updates, fraud telemetry and the analysis behind it. No marketing.