VNPay, a Vietnamese digital funds startup, has acquired affirmation of the effectiveness of the liveness detection know-how that accompanies its biometrics-powered eKYC product from iBeta and been licensed for conformity with ISO/IEC standard 27001which covers info safety administration methods, based on VietnamNet.
The Hanoi-based agency’s eKYC providing was topic to testing for compliance by iBeta Quality Assurance for presentation attack detection (PAD) customary ISO/IEC 30107-3to find out its potential to inform actual individuals in selfies used for biometric face verification from printed and on-screen photos.
“Forms of fraud when using electronic identification have become increasingly unpredictable and sophisticated, such as forgery with images, videos, masks, or tools simulating human faces,” says a VNPay consultant quoted by VietnamNet. “Therefore, VNPay always emphasizes applying the most advanced techniques to identify customers.”
VNPay has been accruing requirements and certifications in a bid to show that Vietnamese companies can take care of worldwide tech behemoths within the fields of biometrics, AI and safe digital identification and e-commerce. Along with passing the iBeta ISO/IEC compliance take a look at for PAD, the agency has membership within the FIDO Alliance and is acknowledged by the British Requirements Institute (BSI Vietnam).
The agency credit its good standing to complete R&D on AI applied sciences for the banking and fintech sectors, together with utilizing superior liveness detection and optical character recognition (OCR) to establish and authenticate biometric information, signatures, optical characters and real-time gesture standing.
VNPay is a subsidiary of VNLife Company Joint Inventory Firm, a holding firm in Vietnam whose web site says it’s devoted to “the mission of developing an integrated digital ecosystem to meet people’s daily needs,” by way of know-how akin to AI and blockchain, and to develop “a diversified ecosystem operating in four core areas: banking enablement, digital payment, online travel and new retail.” Formally generally known as Viet Nam Cost Resolution Joint Inventory Firm, VNPay is financed by GICan funding agency that’s certainly one of three entities which collectively handle the overseas reserves of the federal government of Singapore.
For a quick second in 2021, following a flurry of extra funding, the cashless funds agency claimed a valuation over $1 billion – solely the second Vietnamese startup to take action. Nevertheless, its internet revenue fell by 94 percent in 2022.
Like many countries dealing with a deluge of refined new know-how, Vietnam has applied insurance policies geared toward harnessing AI, together with the National Strategy on AI Research, Development, and Application of Artificial Intelligence until the year 2030.
Article Matters
biometrics | face biometrics | iBeta | KYC | standards | Vietnam | VNPay
Author: Joel R. McConvey
Date: 2023-12-19 12:30:53
