Mpay enters a private-academia partnership todevelop new KYC solution

Monday 29 March 2021 10:03 CET | News

MPay, an electronic payment solution provider, has entered a partnership with and University Malaya's Artificial Intelligence (AI) Research Lab, aimed at developing a KYC solution.

Trustgate, together with MPay’s technology software provider Stark Global, intend to offer this solution, packaged with its implementations in the areas of compliance, risk management, fraud detection, business process management, and customer services to financial institutions, large enterprises, and the government sector.

Trustgate and MPay, as technology recipients of MIMOS, will use the MIMOS MyDigital ID framework to build solutions for onboarding, and subsequent use for online authentication and digital signature computation. Trustgate will build identity proofing solutions, based on this MyDigital ID framework, encompassing online user interactivity and self-service kiosks. 

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Keywords: partnership, artificial intelligence, KYC, compliance, risk management, fraud detection, financial institutions, digital identity, online authentication
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: Malaysia
This article is part of category

Securing Transactions