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Comviva partners with Accura Scan for digital KYC and identity verification solution

Comviva-partners

Comviva, one of the global leaders in providing digital financial solutions, announced that it has partnered with Accura Scan, one of the world’s leading and most advanced digital KYC (Know Your Customers) and identity verification service provider. Comviva 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. This partnership will allow Comviva to leverage Accura Scan’s state-of-the-art digital KYC and identity verification service to offer swift, smooth and secure digital onboarding and user verification solution to banks and payment service providers.

Accura Scan 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 percent 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.

With the aid of Artificial Intelligence and Deep Learning, Accura Scan helps in digital KYC verification. Accura Scan uses a video Selfie and matches the user Selfie with the photo shown in the identity document to do real-time user verification and authentication. Accura Scan also does a Liveness Check to ascertain person was present himself or herself while doing the digital KYC. Accura Scan uses novel 3D Selfie technology to capture hundreds of images of people when they take a Selfie video to verify themselves and creates a 3D identity map that can’t be spoofed. Accura Scan provides face match Score and Liveness score within seconds, accelerating the digital KYC process, while ensuring full compliance and security.

Comviva has already deployed Accura Scan’s digital KYC and identity verification solution in one of the leading banks in Middle East.

Speaking on the partnership, Srinivas Nidugondi, COO and EVP, Digital Financial Solutions, Comviva said, “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 banking and payments industry with 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.”

Speaking on the partnership, Yasin Patel, CEO, Accura Scan said, “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 getting presented as part of KYC. The face match product uses machine learning capabilities to verify that the user’s picture is 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.”

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