Regula is teaming up with know your buyer (KYC) and anti-fraud resolution supplier Sybrin to create a joint selfie biometrics product focused at monetary providers in the US.
The duo will assist securely onboard and confirm clients for banks and different monetary providers companies with doc checks, selfie seize and liveness verification. The companions are additionally hoping to increase to different sectors similar to insurance coverage, authorities, and retail.
Regula accomplished a cope with InScope-AML earlier this month to supply its ID document-checking software program to companies throughout Africa and Europe. The Latvian forensic gadgets and id verification options developer additionally announced its place on the 2023 Gartner Market Information for Id Verification.
The brand new product will mix Regula’s Document Reader and face biometrics SDKs with Sybrin’s KYC resolution and orchestration engine. It is going to streamline and simplify buyer id verifications, speed up the implementation of recent onboarding methods, which in flip will cut back how lengthy onboarding takes, and enhance buyer conversion charges, in accordance with the announcement.
“You can never overdo it with authenticity checks, especially in remote onboarding scenarios in financial institutions,” says Ihar Kliashchou, chief expertise officer at Regula. “We at Regula keep working on this non-stop. And we are happy to partner with Sybrin, a visionary KYC provider that shares our commitment.”
Sybrin Group was acquired by One Thousand & One Voices (1K1V) and Crossfin in 2021. The South Africa-based firm announced profitable testing to PAD requirements with its passive biometric liveness detection the identical 12 months.
Article Matters
biometric liveness detection | biometrics | document verification | face biometrics | KYC | onboarding | Regula | selfie biometrics | Sybrin
Author: Masha Borak
Date: 2023-09-22 16:57:09
