Securely Double-Check the Identity of Your Prospective Customers

Threat.Technology: Innov8tif Wants to Help You Securely Double-Check the Identity of Your Prospective Customers

Businesses are increasingly expanding their services and offers to real-time online channels, with the objective of being contactless in business transactions and to expand outreach of customer touchpoints without physical geographical constraints. This strategy, at the same time, exposes businesses to the risks of onboarding fraudulent customers, which can lead to hefty financial losses from exposure to credit risks. Imagine selling an iPhone through a buy-now-pay-later (BNPL) programme to an identity that does not exist in the real world.

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sustainability

Electronic KYC in ESG

Sustainable investing has grown in popularity thanks to a shift in investing methodology preference driven by the millennial generation. Even the banks and financial institutions, are increasingly allocating a higher weightage to sustainability metrics as part of financial loan approval. We share our thoughts on the positive opportunities that can be unearthed by implementation of eKYC, from environmental, social and governance (ESG) metrics.

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The Edge_Innov8tif granted patent for MyKad authentication

The Edge Markets: Innov8tif Granted Patent for ID Authentication

Innov8tif has been granted a patent by the Intellectual Property Corporation of Malaysia (MyIPO) for its artificial intelligence (AI)-based technology to verify the authenticity of the Malaysian identity document. Its technology involves a computer vision algorithm that has been designed to analyse the authenticity of a MyKad shown in an image, using a microprint detection technique.

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Innov8tif CSR July 2021 (MBSJ Zone 1)

CSR: Being Able to Give is a Blessing

When it comes to giving back to the community, any action, big or small can make a real difference. We want to do our part to give back to our local communities by contributing through MBSJ Prihatin program, a program under MPSJ that focuses on the needs of B40 in Subang Jaya. A total of 200 families each received a food and grocery voucher sponsored by Innov8tif.

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Using EMAS OkayDoc to Authenticate MyKad

New Straits Times: The Authentication Experts

Driven by an uptick in the interest in e-wallet and innovative financial services, we came across the need to support document authentication to offer eKYC solutions for ‘document-not-present’ scenarios, with the aim of preventing identity fraud. And this problem statement led to the birth of AI-based identity document authentication algorithms — collectively branded as EMAS OkayDoc.

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Innov8tif Collaborates with Monash University Malaysia in R&D

Innov8tif Collaborates with Monash University Malaysia in R&D of Image Forgery Detection

This R&D partnership is pursued jointly between Innov8tif and Monash University Malaysia with a clear end-goal for research output commercialization. Using AI techniques comprising deep learning and image processing technologies, image forgery detection algorithm is expected to contribute to Innov8tif’s ID assurance solution value-chain and create an impact in real-time digital business transactions while reducing frauds.

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The Edge Markets - article thumbnail

The Edge Markets: Adoption of National Digital Identity More Timely than Ever

Innov8tif’s COO shared a conversation with industry peers on national digital identity and digital signatures – digital initiatives aimed at ensuring flexible and secure online transactions as well as reducing administrative costs while delivering more efficient services.

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Innov8tif wins Best Innovation Award at Star Outstanding Business Awards (SOBA) 2020

Innov8tif wins Best Innovation Award at Star Outstanding Business Awards (SOBA) 2020

Innov8tif celebrates the 10th anniversary with a recognition for its AI innovation. SOBA 2020 was organised by Star Media Group Berhad, endorsed by the Ministry of International Trade and Industry, supported by Bursa Malaysia and audited by BDO Malaysia. SOBA seeks to inspire and encourage local businesses to promote Malaysia and showcase its products and services to the world.

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redONE Online

Customer Success Story: redONE Re-imagining Mobile Plan Subscription Experience with e-KYC

By implementing Innov8tif’s AI-based e-KYC technology, it complements the offline-to-online strategy, offering a multi-channel and self-service customer registration experience. A simple gesture of QR code scanning is all it takes for a customer to be led to some guided steps, from capturing identity document image to verifying selfie photo. The entire subscription registration and activation process remains as paperless as it could be.

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Whitepaper: A Telco's Guide to Leveraging e-KYC

Whitepaper: A Telco’s Guide to Leveraging e-KYC

We are thrilled to announce the publishing of a whitepaper titled “A Telco’s Guide to Leveraging e-KYC: AI-Driven Customer Onboarding Experience that Runs 24/7”. Through our experience from opportunities to serve ten telecommunication service providers on digitalization of KYC (know-your-customer) touch points, we would like to share our humble understanding on the possibilities that can be unearthed by implementation of e-KYC, specifically with the assistance of artificial intelligence (AI) in customer onboarding process.

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woman using smartphone

The Edge Markets: MCO sees higher e-KYC adoption

Fortunately for telcos who already had the electronic know-your-customer (e-KYC) channel in place, they were able to serve the market digitally. Innov8tif Solutions Sdn Bhd chief operating officer tells Enterprise that among the five telco brands they provide e-KYC for, he witnessed an average of 279% growth in monthly prepaid SIM card activation from the e-KYC channel, in April (when compared to SIM card activation pre-MCO in February).

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face recognition

5 Things You Should Know About Biometric Technology

Biometric security through technology is a great and innovative idea that’s impacting many of our security systems and safety measures, especially now that social distancing and the new norm are all very real concepts in our lives. Here are a few things you should know about biometric tech that could come in handy if you intend to use it in your business or implement it in any shape or form.

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digital transition strategy

Looking to Implement A Digital Transition Strategy for Your Business? Here are 5 Tips!

If your company has no strategy in this arena, expect to lose out to more competent rivals. Adopting digital transformation strategy doesn’t have to be rocket science. Here are several tips to help you and your team get started.

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social distancing

4 Digital Trends that are Propagating Contactless Behaviour for The Low-Touch Economy

The COVID-19 lockdown around the world is causing major economic impacts. These changes have been clear in the world’s digital behaviors too, as one of the key benefits that we have in the modern world is the internet and increased connectivity, which has set a few digital trends that are propagating contactless behavior for the low-touch economy.

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Innov8tif customer success story - KeTSA

Customer Success Story: Innov8tif Helps to Drive Digital Transformation in Public Sector

The Ministry of Energy and Natural Resources Malaysia (formerly known as Ministry of Water, Land and Natural Resources) embraces low-code agile development with the aim to rapidly digitalize ministry-wide operations.

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identity theft

5 Simple Ways to Protect Yourself from Identity Theft

If you haven’t experienced it for yourself, you might know someone who’s fallen victim to it. Even Jack Dorsey, co-founder and CEO of Twitter, was not exempted from such a risk, with hackers using a SIM-swap technique to infiltrate his phone. Cybercriminals have targeted personal bank accounts, as well as company databases. It’s time that you try and stop yourself from becoming a victim of identity theft. Here are a few simple steps you can take in order to stay protected.

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Innov8tif Inks MoU with Securemetric

Innov8tif Inks MoU with Securemetric for Cross-technology Innovation

Innov8tif Solutions Sdn Bhd (“Innov8tif”) has entered a strategic partnership with Securemetric Berhad (“Securemetric”) to integrate Innov8tif’s EMAS eKYC and workflow solution with Securemetric’s Centagate Cloud and Signing Cloud. At the same time, Innov8tif will enable the support of strong authentication through Securemetric’s Centagate Cloud for their application access control and offer it as an optional feature to their customers.

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Innov8tif @ APICTA 2019 Awards

Innov8tif’s EMAS eKYC Wins APICTA Awards at International Stage

EMAS eKYC is honored to receive Merit for B2B Fintech category at the 19th Asia Pacific ICT Alliance Awards (APICTA Awards) that was held at Diamond Palace in Ha Long. There was a total of three prestigious awards given to B2B finance and accounting solutions providers.

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deepfake

Using Deep Learning Technology to Prevent Deepfake in eKYC

Deepfake is a rising threat, particularly for its effectiveness in impersonation. By combining and superimposing existing images and videos onto source images or videos using a machine learning technique known as generative adversarial network, it is feasible to create a good quality animated face which can satisfy liveness test checked through facial landmark movement (e.g. eye blink, mouth movement, head yaw/pitch), and impersonate as another facial identity. How do you prevent such threat in e-KYC process?

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