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 1 Dec 2022 5 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 31 Oct 2022 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 19 Oct 2022 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 27 Sep 2022 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 11 Aug 2022 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 14 Jul 2022 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
Insights 5 Jul 2022 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
News 3 Jun 2022 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 27 May 2022 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
News 20 May 2022 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 Apr 2022 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 1 Apr 2022 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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