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 9 Jun 2023 4 min read

How Facial Recognition Improves Contactless Payments?

In today's digital world, contactless payments have become the standard for financial transactions. The global pandemic has further accelerated this trend — with most people embracing a contactless lifestyle, particularly when it comes to making payments. Many consider facial recognition technolo

contactless payments convenience
Insights 1 Jun 2023 5 min read

How Reliable Is Facial Recognition Technology?

Introduction Facial recognition technology has seen an increase in usage across various industries due to its potential for enhancing security and convenience. It has been praised for its ability to identify individuals quickly and accurately. However, there are also concerns regarding its reliabil

biometric authentication biometrics
Insights 26 May 2023 5 min read

Is Facial Recognition Effective Against Identity Theft?

Identity theft is a dangerously common form of fraud that costs businesses money, reputation, and customers every year. Criminals will use stolen identities to access sensitive company information, make fraudulent purchases, or engage in other illegal activities that can harm the business and its cu

biometric authentication emas ekyc
Insights 19 May 2023 5 min read

Future Proofing ASEAN Insurers - Scalable ID Verification

The insurance industry in South East Asia is in the early stages of undergoing a digital transformation. However, many companies, especially newcomers to the digital space, may find digitalisation a daunting and complicated task. The ultimate aim is for companies to fulfill current demands and futu

ASEAN emas ekyc
Insights 2 May 2023 4 min read

ESG: Why ASEAN Insurers Can't Ignore It

  The insurance industry is heavily based around the core principles of sharing and managing risks collectively, which are closely connected with ESG criteria. As ESG becomes increasingly significant for insurance companies, it is important to understand how it can help companies to thrive in

ASEAN 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 17 Apr 2023 6 min read

Identity Theft — A Threat for Indonesian Insurance Firms?

A new wave of identity fraud is affecting insurance companies worldwide. The dark web is rife with stolen and leaked personal data, allowing cybercriminals to forge false documents for fraudulent purposes. With insurance companies migrating to digital platforms, it is now easier for fraudsters to f

emas ekyc identity theft
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 14 Mar 2023 5 min read

Dangers Of Children Dating Apps And Why We Need ID Verifications

Meeting new people online can be exciting and fun for youngsters, however, it also comes with its own fair share of risks and dangers, especially in the online dating apps. Child dating apps are new entrants in the scene but their introduction has resulted in cases of exploitation, child predation,

emas ekyc
Insights 9 Mar 2023 6 min read

A Practical Guide On Cyber Criminals And How They Operate

Cybercriminals target human or security vulnerabilities in order to gain access to sensitive data or extort money. Though cybercrime should have an easy fix, thwarting it requires complex methods — making it hard for authorities to prosecute. Gude GuiCases of cyber attacks occur every 44 seconds.

emas ekyc practical guide

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