German biometrics company BioID chosen as trusted technology partner by South African Comcorp
How PhotoVerify enables fraud prevention for eKYC(PresseBox) (Nuremberg, Germany and Bryanston, South Africa, )
Comcorp is a proud South African software company. Their focus is on digital onboarding, system integration and digital identity. Comcorp's latest innovation is Curata - a Biometric Authentication solution. Curata is designed to allow (a) users to authenticate themselves using facial recognition against (the) South Africa’s population register. BioID PhotoVerify enriches Curata to be a completely automated onboarding solution by performing highly trusted face match and biometric anti-spoofing in real time.
“Comcorp has chosen BioID as their Trusted Technology Partner. After 26 years in the financial services business, the need to protect our customers and their data remains at the forefront of our business model. As technology advances, we need to ensure a smooth but secure user experience.”, says Marcel Zeier, Head of Sales at Comcorp. “It is our view that BioID offers Curata the strongest levels of authentication with the frictionless user experience necessary for the financial services industry.”
Strong customer authentication (SCA) involving facial recognition and liveness detection supports regulatory compliance in line with South Africa’s Protection of Personal Information (POPI), PSD2, Open Banking and Open Data.
Presently our product stack includes a Secure Data Exchange that offers banks and other credit providers secure, encrypted access to proof of income, eKYC & FICA data. In a world of multiple digital identities, a person's consent becomes allencompassing when conducting face to face and non-face to face transactions. Curata's facial recognition allows trusted authentication of their digital identity.
Curata offers the following benefits:
• Other iterations of Curata include facial extraction and matching from a national identity document
• A full API is available for integration into existing systems, websites or an App
• Prevents Identity theft and eliminates fraud
• Allows for fast credit application processes
• Enhances non face-to-face transactions
• Fully GDPR and POPI compliant
• Open Data/Open Banking/PSD2 Ready and supports Zero Trust initiatives
Curata is being used in the following case studies:
1. Combatting fraud in the vehicle and asset finance industry.
2. Secure bank card deliveries.