Comviva, digital financial solutions provider, has partnered with Accura Scan, advanced digital KYC (Know Your Customers) and identity verification service provider to leverage Accura Scan’s digital KYC and identity verification service fot offering swift, smooth and secure digital onboarding and user verification solution to banks and payment service providers.
Comviva’s portfolio include 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
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.
Speaking on the alliance, 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 collaboration, 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.”