FB pixel

Bureau extends ID verification services to two Southeast Asian markets

Bureau extends ID verification services to two Southeast Asian markets

Identity verification startup Bureau has extended its biometric fraud prevention services to Indonesia and the Philippines in what it says is a move to consolidate its presence in those key Southeast Asian (SEA) markets.

In an announcement, the California-based firm believes its penetration in the region presents an opportunity for fintechs and digital banks to better tackle digital fraud which is a big threat to their digital economic growth ambitions.

The expansion means Bureau will use it biometric technology suite to enable customers in these countries to prevent fraudulent users from entering their systems, guard against evolving fraud tactics through its tools to combat synthetic identity fraud, gain actionable insights on new-to-credit borrowers so as to make better decisions, and leverage a powerful trust network through the company’s unique system built on millions of processed data.

Commenting on the new market entry, the CEO of Bureau, Ranjan R. Reddy, says: “We understand the specific challenges faced by financial services in Southeast Asia. Our targeted solutions are designed to address these challenges related to new-to-credit borrowers against money mules, social engineering, and account takeovers offering a tactical approach that solves real-world fraud problems for businesses of all sizes.”

To Preekshit Gupta, VP of SEA and MEA at Bureau, the Southeast Asia region is a hub for financial services tech innovation. “With the ever-evolving nature of fraud, having a trusted partner like Bureau is crucial for fintechs and banks going digital, to protect their investments and maintain their customers’ trust. We are proud to be their go-to partner for achieving sustainable growth through effective fraud prevention.”

Last July, Bureau announced the completion of a $16.5 million Series A funding round. It also signalled rapid growth of its customer base, with over 300 million identities verified on its platform since its creation in 2020.

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News


Biometrics deployments expand protection against fraud and lying about your age

Biometrics are protecting against false claims of all sorts in several of the most-read articles of the past week on…


UN says law enforcement should not use biometrics to surveil protestors

Law enforcement agencies should not use biometric technology to categorize, profile or remotely identify individuals during protests, the United Nations…


How to explain the EUDI Wallet? Industry and citizens discuss Europe’s digital ID

The European Digital Identity (EUDI) Wallet is well on its way towards becoming a reality. To explain the major impact…


Decentralize face authentication for control, stronger protection: Youverse

The implementation method of biometric face authentication has become increasingly important in recent years due to the limitations of traditional…


Researchers develop display screens with biometric sensor capabilities

Traditional display screens like those built into smartphones require extra sensors for touch control, ambient light, and fingerprint sensing. These…


Meta, porn industry and Kansas governor weigh in on age verification

As Europe mulls how to restrict access to certain content for minors, Meta offers its own solution. Meanwhile, U.S. states…


Leave a Reply

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

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events