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 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
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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
emas ekyc -
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,
emas ekyc -
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
emas ekyc -
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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News 2 min read
The Financial Times' High-Growth Firms -- Innov8tif
The Financial Times APAC Growth List This article first appeared in Malaysian AI Tech company Innov8tif Solutions Sdn Bhd (Innov8tif) is proud to be featured amongst the list of , compiled by research firm Statista. Innov8tif specialises in ID ass...
MyNasional eKYC
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News 4 min read
Innov8tif Announces Strategic Organisational Reforms
Innov8tif Solutions has announced a comprehensive organisational restructuring program as it transitions to its new stage of growth, dubbed Innov8tif 2.0. The plan includes the reshuffling of key roles within the company and the appointment of new strategic leaders to oversee critical departments. Former COO Law Tien Soon will now serve as the Chief Innovation Officer (CIO), responsible for managing product innovations and technical pre-sales operations. Micol Chan, previously the Project Direct
MyNasional eKYC
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News 7 min read
BNM Financial Sector Blueprint 2022-2026
The Financial Sector Blueprint 2022-2026 by Bank Negara Malaysia aims to resolve the uneven local economic recovery, combat regulatory challenges of new digital technology, address financial exclusions of certain demographics and build a greener and climate resilient economy. Innov8tif’s key focus would be on BNM's efforts to advance digitalisation in the financial sector. However, it is challenging to push a digitalisation agenda synchronously when each heavily relies on one another. Innov8tif
BNM Financial Sector Blueprint
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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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News 3 min read
Innov8tif Lands Award in Top In Tech Innovation Award 2021
Innov8tif Solutions Sdn Bhd has been awarded first runner-up for the Most Promising Growth Company Award in the Top In Tech Innovation Awards 2021. Innov8tif's proprietary solution, OkayDoc, has been implemented in over 30 eKYC implementations, with the company more than doubling its eKYC transactions to 7.5 million in 2021. The award recognizes the company's rapid growth over the past year, despite the pandemic's challenges.
award MyNasional eKYC
Monthly identity-verification briefings.
One email a month. Regulatory updates, fraud telemetry and the analysis behind it. No marketing.