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AuthMe guarantees a faster and safer process for acquiring new customers and attracting loyal engagement for a range of service providers in verticals of the emerging FinTech, traditional banking and finance, smart city, transportation with vehicle rental sharing, and social applications such as job hunting and dating app.
AuthMe is a cybersecurity startup incubated by Taiwan Tech Arena (TTA) and a flagship startup program fueled by the Ministry of Science and Technology in Taiwan. AuthMe was selected by TTA to exhibit online at CES 2021 as one of 100 featured Taiwanese startups.
Time consuming, high operation cost, and questionable ID authenticity.
There are known pain points for a product or service to onboard new customers when obliged to implement Know-Your-Customer (KYC) in order to provide a more personalized experience or due to local regulations.
Now, the verification process can only be initiated after customers upload required identification information, supporting documents, and a selfie photo, so that service providers may take turns reviewing applications and ensuring the legitimacy of IDs and other identity information attached to each application.
This process consumes a great deal of time, effort, and human capital for both sides of the business – both in terms of customers filling out a lengthy application form and providing identity documents and in terms of venders dedicating resources to conduct manual reviews to authenticate applications, and sometimes, with a need to validate whether they are dealing with real persons. You never know when deepfake or fraud attacks are coming at you!
Proprietary NFC ID Authentication Solutions.
With its patented technologies, AuthMe tackles these problems and helps facilitate a much easier onboarding process using their eKYC solutions powered by Biometric ID verification, Facial Recognition, and Liveness Detection and paired with Fraud Detection solutions to efficiently identify tampered documents, spoofing figures, and abnormal IPs, applications, and behaviors.
Technically, the solutions help validate the authenticity of data using NPK with a digital signature. Moreover, using a biometric passport or an e-ID, the system retrieves data directly and compares the ID photo through facial recognition and liveness detection, ensuring the applicant is the legitimate ID holder.
Application Time Saved, Reviewers Cost Saved, and 100% Authentic IDs!
With the new eKYC and Fraud Detection services provided by AuthMe, the manual efforts required of customers to input personal details will be replaced by auto filling, where data gets retrieved through document scanning via NFC Biometric ID authenticating technologies. Tampered files from fraudsters can easily be detected and substantially discouraged.
Furthermore, using the eKYC service combined with NFC-enabled devices for data reading as well as facial recognition and liveness detection, spares customers long wait times for operation controllers evaluating the already-valid applications, creating a competitive advantage compared to other traditional competitors in the market.
AuthMe not only makes it easier for service providers to reduce labor costs and time across the board but also improves customer experience by empowering them to finish all KYC procedures with ease! Last but not least, AuthMe guarantees 100% ID authenticity and defends against fraud attacks, greatly reducing the compliance risks of service providers and the fraud-related losses of customers.
official website:https://authme.com
©2024 Business Next Media Corp. All Rights Reserved. No.102, Guangfu S. Rd., Da'an Dist., Taipei City 106, Taiwan