New ways to access banking services through biometrics are becoming available to many millions as Bukalapak has partnered with Standard Chartered Bank and Verified Africa has been launched in Ghana, South Africa and Kenya.
Additionally, a number of financial institutions have entered into new partnerships with biometrics and digital ID service providers. Identity verification startup Qoobiss has signed a new partnership with RoCapital, financial compliance firm Kopliant has selected authID biometrics for its merchant onboarding process, and GreenGrowth has partnered with digital identity provider Yoti. Veriff and Certific have joined forces to improve identity verification services for remote medical testing, and Shopopop with Onfido to power remote identity verification for home delivery services.
Meanwhile, ComplyCube announced that its document verification service has been enhanced to improve the accuracy and success rates of Arabic IDs.
BukaTabungan partners with Standard Chartered
Indonesia’s first listed technology company, Bukalapak, has launched a new digital banking service in collaboration with Standard Chartered Bank, reports adventures.
Called BukaTabungan, the service brings together Bukalapak’s all-commerce platform and Nexus technology, a Banking-as-a-Service (BaaS) solution powered by Standard Chartered.
BukaTabungan will offer At Bukalapak ecosystem of more than 110 million users and 20 million business leaders remote banking services, including onboarding, secured by facial recognition.
“Business owners now also have access to financial services to support their business from a reputable financial institution,” comments Bukalapak’s President of Commerce and Fintech, Victor Lesmana.
“We are very excited as this is in line with our mission to support the growth of MSMEs in Indonesia and continue to expand financial inclusion across the country. Our greatest gratitude to Standard Chartered for the trust and passion shared in this collaboration.
Launch of Verified Africa in Ghana, South Africa and Kenya
Verified Africa, a digital identity platform from Seamfix, has been officially launched in Ghana, South Africa and Kenya.
The company made the announcement this week when it also revealed a milestone of over 300,000 verifications recorded in Nigeria, where it launched in 2022.
“As champions of growth and inclusiveness, we are excited for the opportunity for every business currently using our services to also target new customers in these regions,” Verified Africa wrote in a statement. blog post.
From a technical perspective, Verified Africa’s digital ID infrastructure connects multiple databases of identity records across the continent to enable businesses and governments. These records are combined with selfie biometrics to confirm the identity of individuals.
The company said it intends to expand its presence to other African countries over the next 18 months, becoming the most widely used verification platform on the continent.
“Ghana, South Africa and Kenya represent key markets for Verified’s roadmap to continental dominance and with this launch we are delighted to open our doors to businesses and individuals in three more countries – bringing the best of digital verification to your shores.”
ComplyCube improves support for Arabic IDs
Software-as-a-service (SaaS) company ComplyCube has enhanced its document verification service to improve the accuracy and pass rates of Arabic identification documents by up to 98.7%.
The service, available through application programming interfaces (APIs), software development kits (SDKs) and no-code solutions, already works with credentials from several Arab countries, including Saudi Arabia, Egypt, Qatar, United Arab Emirates, Jordan and Bahrain.
The solution can verify a variety of documents, including passports, identity cards, residence permits and driving licenses. It uses artificial intelligence (AI), advanced analytics, and expert human reviewers to extract attributes from data.
It then performs six categories of analysis on ID documents, which include detailed checks of visual security features, daylight/ultraviolet color profile, and font consistency to determine the authenticity of scanned documents.
The updated ComplyCube platform comes weeks after the company expanded its startup program to provide eligible startups with credit stipends worth up to $50,000.
New customers won for Qoobiss, authID, Yoti, Veriff, Onfido
Romanian digital identity verification startup Qoobiss has signed a new partnership with RoCapital, a non-banking financial institution part of the KRUK group.
The collaboration will integrate RoCapital’s ability to provide inquiry and reporting services to ANFA (National Agency for Tax Administration) with biometric monitoring and anti-money laundering (AML) services offered by Qoobiss.
The move comes months after Qoobiss teamed up with fellow Romanian Get’s Bet, an online betting platform, to verify customer identities. More recently, the company began verifying customer identification data for the financial institution Credius.
Risk rating firm Kopliant said it will integrate authID Verified’s biometric authentication platform to combat identity fraud and automate digital onboarding for its customers. The integration would allow Komplant to provide biometric identity verification during digital onboarding.
The partnership with Komplant comes at a time of financial stability for authID, which recently announced results in line with expectations, with a total first-half revenue of $0.2 million and a net loss widening to $11.5 million.
Continuing the streak of client wins, Yoti has partnered with sustainable investing app GreenGrowth. The collaboration will see the company eliminate the physical verification of identity documents and instead rely on Yoti’s digital identity verification technology to verify individuals’ eligibility to invest capital.
Yoti also recently extended its age assurance rollout on social media app Yubo to all users (not just young people).
Veriff and Certific have joined forces to improve identity verification services for remote medical testing. The move will provide Certific customers with a simpler identity verification process, which will help the company combat fraud risk and build trust.
Veriff’s partnership with Certific follows the launch of its new partner program designed to give businesses in industries with different digital identity needs a convenient path to growth and increased revenue.
Finally, Onfido announced a strategic partnership with European home delivery services, Shopopop. The move will allow couriers to use selfie biometrics and a photo of their ID to complete onboarding on the Shopopop platform.
Onfido’s biometric identification technology has also been deployed by Pets4Homes to increase trust and provide more transparency in buying a pet.
Article topics
authID | biometrics | bukalapak | ComplyCube | digital identity | facial biometrics | identity verification | Unfaithful | Qoobis | Fixing | selfie biometrics | Check | Africa verified | Yeti
