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
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
Launch Announcement: EMAS eKYC API OnDemand
Innov8tif's EMAS eKYC API OnDemand offers SMEs easy access to API calls used by major banking and telecommunication institutions to integrate client identity verification services into their mobile platforms or digital products. This platform is suitable for digital startups and SMEs who do not process over 10,000 account openings on an annual basis, and are looking for a cheaper and quicker way to verify users. The API consists of four key functionalities: identity-proofing data collection, aut
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News 2 min read
Cambodia - Banking Sector & ID Assurance Whitepaper
Innov8tif's new whitepaper, "Banking Sector: The Case for ID Assurance in Cambodia," explores Cambodia's digital economy and banking sector, obstacles and roadblocks, and the role of ID Assurance in the new Cambodian digital banking ecosystem. With high mobile penetration rates and acceptance of digital transformation, Cambodia is an attractive market for digital services, but with a young population located in rural areas, banks must adapt to the increasingly digital-centric market.
emas ekyc
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News 4 min read
EMAS eKYC Now Supports Proof of Income & Address Services
Innov8tif Solutions has upgraded its document verification tool, OkayID, with Proof of Income and Proof of Address services. The new feature will help businesses to verify users' residential addresses and income status through scanning documents using mobile phones. The update aims to streamline the customer journey for activities such as loan applications, consumer service subscriptions, company secretarial services, and professional services. The tool collects photos of the relevant documents,
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News 8 min read
ASEAN Digital Banks: What's Next?
The fintech industry in Southeast Asia has seen a surge due to the pandemic, which has led to a rise in digital banking. However, traditional banks still have a strong presence in the region. Many fintech startups have entered joint ventures with traditional banks to modernize the latter. Cybersecurity is a significant risk as technology sophistication grows. Financial services and fintech companies are regarded as most at risk of cyberattacks, with phishing attacks remaining a concern in the re
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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
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
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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 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
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Insights 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
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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
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News 3 min read
Tech in a Time of Pandemic and Political Turmoil
Malaysia has experienced more political instability in the past decade than in its entire history, and the Covid-19 pandemic has only made things worse. However, Law Tien Soon, COO at AI solutions provider Innov8tif Solutions, believes that technology can help the country navigate through these challenging times. Law suggests that digital transformation should not just be about adding technology to existing processes, but should also involve streamlining and eliminating redundancy in government
AI emas ekyc
Monthly identity-verification briefings.
One email a month. Regulatory updates, fraud telemetry and the analysis behind it. No marketing.