FB pixel

Scanovate digital identity platform integrates Melissa for compliant mobile enterprise engagement

 

Customer data quality and identity verification company Melissa and digital identity management platform Scanovate have announced a strategic partnership to power trusted relationships, entity resolution, and compliance with anti money-laundering (AML), fraud prevention, Politically Exposed Persons (PEP), Office of Foreign Assets Control (OFAC), and Bank Secrecy Act (BSA) regulations.

Data quality and identity assurance technologies from Melissa are pre-integrated with the Scanovate platform, which automates and streamlines processes and which the company says can reduce on-boarding time from days to as little as eight seconds. Users provide a video selfie, which is spoof-tested and used to associate the individual with a document using Scanovate’s proprietary facial biometric engine to give users a fast and secure way to access and use personal or sensitive data.

“The synergy behind this partnership is demonstrated by the convenience, cost-effectiveness, and fast deployment available to end-users worldwide. Our identity management tools now extend beyond KYC efforts to verify data, and align nicely with Scanovate’s proprietary technologies for additional services such as passport scanning and validation,” said Bud Walker, vice president, enterprise sales and strategy, Melissa. “Together we’re addressing the need for real-time service, ensuring compliance with active data quality that enables a 360-degree view of the customer.”

Scanovate’s technology also includes optical character recognition with an accuracy rate of 99.7 percent, which stands out among onboarding platforms, according to the announcement.

“Scanovate is reinventing the way people control their identity by revolutionizing dynamic identity asset management,” said Izhar Arieli, CEO, Scanovate. “Our joint venture with Melissa provides financial institutions with an intuitive and automated GDPR-compliant solution that spearheads the digital verification, identification, and authentication sphere.”

There have been a wave of partnerships announced to bring compliance capabilities to digital engagement and onboarding platforms this year, including most recently Signicat’s addition of the itsme identity scheme to its platform.

Article Topics

 |   |   | 

Latest Biometrics News

 

Biometric identity verification gets caught up in great expectations and politics

The next generation of biometric identity verification collides with the politics of digital identity in the most-read articles of the…

 

Todd Morris named NEC NSS President as Dr. Kathleen Kiernan retires

Todd Morris is the new President of NEC National Security Systems (NEC NSS). Morris succeeds Dr. Kathleen Kiernan, who is retiring…

 

ISO’s mDL standard can’t guarantee issuer trustworthiness

The fear that the server retrieval capability supported by the ISO/IEC 18013 standard for mobile driver’s licenses (mDLs) could be…

 

One app, two app, three app, four: DECTA study shows users have ‘wallet fatigue’

While some see the concept of a “15-minute city” as sinister, advocates say they just don’t want to go very…

 

Stop ghost students stealing college financial aid with biometric liveness

The Associated Press recently documented a vast and fast-growing fraud on the U.S. education system in which scammers use AI…

 

Russia launching digital ID ‘super-app’ inspired by Chinese WeChat

Russia is introducing a new digital identity “super-app” that will combine messaging, government and private services, e-signatures and digital IDs….

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events