EKYC EXPLAINED

eKYC

Innov8tif’s ID Assurance flagship product

Helping businesses verify & activate new users anytime, anywhere, with confidence.

eKYC

Something the customer owns

(e.g. ID card, registered phone)

eKYC

Something the customer knows

(e.g. Personal information, PIN code)

Innov8tif facial recognition graphic

Something the customer is

(e.g. Facial recognition, thumbprint scan)

EMAS EKYC USER JOURNEY

We can customer the user journey depending on your needs.

But here's a template suitable for most user onboarding processes.

EMAS-eKYC-User-Journey
1. CREATE JOURNEY ID

Each user signup generates a unique JourneyID, which is tracked and stored on the HIP portal.

2. DOCUMENT CAPTURE

The user first scans their ID document. With OkayID, personal details are captured automatically using optical character recognition (OCR) technology.

Beyond proof of identity, EMAS eKYC also supports proof of income and address as well.

Accepted documents:

  • Passports
  • National ID card
  • Income/Tax statements*
  • Utility bills
3. LIVENESS DETECTION

The user then captures a selfie for authentication purposes.

OkayLive ensures the user is a live human being, preventing common spoofing techniques used by fraudsters, such as using digital screens, printed photos etc.

4. FACIAL RECOGNITION

OkayFace ensures that the user taking the selfie is the owner of the ID card by performing facial recognition and matching. 

Data containing the user's unique facial characteristics are also stored — allowing clients to search & reference users by face via OkayFace Search.

5. DOCUMENT AUTHENTICATION

OkayDoc checks the ID document's authenticity — preventing common spoofing techniques such as photocopied documents, forgery, photoshop attempts etc.

It detects signs of tampering, such as weird fonts, misplaced landmarks, hologram detection and so on.

6. DATABASE CHECK

The curated information is then cross-referenced against an existing database via OkayDB:

  • Criminal records
  • Bankruptcy status
  • Politically exposed person (PEP)
  • Suspicious previous signup attempts etc
7. SCORECARD

The system finally generates a confidence score determining the user's legitimacy.

Through our HIP portal, clients can manually approve or reject applicants. It also contains reports and analytics on the users's onboarding process at every stage.

Information collected throughout the onboarding journey is stored on databases of the clients' choice. The system is complete with an audit trial for regulatory purposes, complete with an audit trial.

INDUSTRIES WE SERVE

Banks, Financial Services & Insurance (BFSI)

FinTech & BNPL Providers

Local Governments

Telecommunication

Human Resource

eCommerce

TV & Internet Providers

Logistics

Social Media

HEAR FROM OUR SATISFIED CUSTOMERS

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