Dipo Olowookere
By Dipo Olowookere
A partnership has been entered into between Comviva and Accura Scan for the offering of swift, smooth and secure digital onboarding and user verification solution to banks and payment service providers.
A statement from Comviva, a global leader in providing digital financial solutions, disclosed that it sealed the deal to leverage Accura Scan’s state-of-the-art digital KYC (Know Your Customers) and identity verification service.
Accura Scan is one of the world’s leading and most advanced digital KYC and identity verification service providers.
The company makes the user onboarding process on a digital banking, payment or wallet service quick, efficient and secure by scanning the user documents with accuracy and speed and doing real-time user verification remotely, preventing frauds.
Accura Scan’s Optical Character Recognition (OCR) technology scans identity documents such as national ID, driving license and passport, and converts the scanned documents into files easily read by the machines with 100 per cent accuracy.
The information obtained by scanning the identity documents can be used to autofill the KYC form to simplify and speed up the digital onboarding process.
As for Comviva, it has a broad portfolio of banks and payment service providers that leverage its mobiquity® product suite, which powers over 70 digital banking, payments and wallet services in more than 50 countries.
“Comviva’s mobiquity® product suite is constantly evolving with a strong focus on the market and is embracing cutting edge technologies for growth and innovation.
“The digital onboarding is a key functionality of the product and is highly configurable and can be customized depending upon the requirements of the clients.
“COVID-19 has accelerated the digital transformation in the banking and payments industry with a special focus on digital onboarding of users. Thus, Comviva is joining hands with Accura Scan to provide a pre-integrated digital KYC solution as part of the onboarding functionality in its mobiquity® product suite.
“This partnership will significantly accelerate the time to deploy mobiquity® in banks and payment service providers offering digital services,” the COO and EVP, Digital Financial Solutions at Comviva, Srinivas Nidugondi, stated.
On his part, the CEO of Accura Scan, Mr Yasin Patel, stated that, “Accura Scan provides a comprehensive set of digital KYC services which includes document authentication and OCR, face match, identity verification and video KYC.
“The OCR product improves the user experience by enabling scanning of identity documents to capture required data for KYC, instead of manually typing the information.
“This, coupled with document authentication, provides a confidence score for the document and prevents fraud or counterfeit documents from getting presented as part of KYC. The face match product uses machine learning capabilities to verify that the user’s picture is the same as that in the identity document.
“Liveness detection, based on artificial intelligence, further strengthens the digital KYC process by ensuring that person is live during the onboarding process.
“Our partnership with Comviva will help us to extend these digital KYC services to mobiquity® product suite deployments, and provide swift, smooth and secure digital onboarding and user verification service to the consumers.”
