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 5 min read
4 Security Automation Facts for Securing Your Business.
Manual security protocols are increasingly expensive and inefficient to sustain — with hackers and fraudsters employing automated systems for their attacks. Hence, businesses need to combat artificial intelligence (AI) with AI, automating repetitive tasks and integrating threat intelligence within
digital automation emas ekyc
-
Insights 6 min read
4 Reasons eKYC May Not Be Working For You
What is eKYC? Businesses today rely on technology to facilitate and automate their daily operations. One essential component is “electronic know your customer (eKYC) – an identity verification process used to verify customers to mitigate compliance risk and prevent identity fraud. eKYC incorporates
emas ekyc
-
Insights 8 min read
Top Cybersecurity Exploits MSMEs Should Be Aware Of!
Companies today are becoming prime targets for cybercrime as more companies shift from physical mediums to digital platforms. If left unchecked, these cybersecurity exploits can ruin any digital business's operations and cause irrecoverable damage.Cybercriminals are relentless — targeting all forms
emas ekyc
-
Insights 6 min read
Red Envelopes — Tradition, Technology and Turmoil
Payments have shifted away from cash to QR codes and instant transfers. You know those red envelopes you might get during Chinese New Year — the ones symbolising good wishes and good luck? Well, they’ve gone digital as well. As part of Chinese tradition, cash is placed in a red packet and given to
emas ekyc Send Angpao with QR code
-
Insights 6 min read
Is Your ID Authentication System Scalable?
Your company’s success today is built on top of your existing user ID authentication systems — ensuring that users onboarded are trusted, genuine and legitimate. As your business readies itself for its next stage of growth, can your system keep up? Onboarding journeys have gone through a myriad of
emas ekyc
-
Insights 6 min read
Holiday Scams During the Christmas Season
Scammers have been increasingly active in recent years, but the holiday season is where they take their activities to a whole new level. A recent report found that cases have consistently increased by 15% in November and December over the past five years. The elderly are the ones at most risk too,
emas ekyc
-
Insights 4 min read
eKYC: a Beginner's Guide
Even before the pandemic, electronic know your customer (eKYC) had been deeply integrated into our daily lives — used for account creation, loan applications, high-risk transactions and more. Take a selfie, snap a photo of your ID document, and you’re all set! Yet, many users don’t exactly know how
eKYC Beginner's Guide eKYC guide
-
Insights 7 min read
Secured Authentication: Evolving Beyond SMS OTPs
ASEAN Banks and digital businesses are at a crossroads — Either to support SMS-based OTPs as a legacy system, or transition towards better authentication methods. OTP stands for one-time passwords, or one-time pins: Unique codes (usually 6 digits) used to authenticate any form of transactions. This
emas ekyc otp
-
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
-
News 12 min read
EMAS CIDA: a Beginner's Guide (Customer ID Assurance)
Summary: As technology advances at incredible speeds, businesses are currently found to be relying on the internet more than ever. Most of the larger enterprises have one or more channels to engage with their customers. As such, anonymity is a pro...
EMAS CIDA emas ekyc -
Insights 6 min read
eKYC - The Future of Cybersecurity
What is happening around us in this day and age where the internet is accessible to a considerable population of the world? What futuristic software and API can we deploy to overcome and curb the alarming crimes? The solution to this is electronic know-your-customer -- also known as eKYC In this
emas ekyc
-
Insights 5 min read
Spoofing: A Warning to Businesses and Consumers
With the rise of digital registration services, consumers can now easily create new accounts from the comfort of their own homes. For crucial services such as opening up bank accounts, users are required to scan their face and identity documents using mobile phones to prove the user’s authenticity.
emas ekyc
Monthly identity-verification briefings.
One email a month. Regulatory updates, fraud telemetry and the analysis behind it. No marketing.