Standard Bank, iiDENTIFii join forces for digital banking solution

Wednesday 2 October 2019 10:58 CET | News

Standard Bank has partnered with iiDENTIFii to deploy the iiDENTIFii solution across the bank’s existing product and service offerings.

iiDENTIFii is a technology company that enables remote biometric digital authentication and automated onboarding, and by deploying the iiDENTIFii solution, Standard Bank is shifting to branchless banking and meeting customers’ demands for simple, secure, and friction-free banking.

With iiDENTIFii, Standard Bank can onboard new customers in under 60 seconds. The bank recently launched its pioneering MyMo account, which rewards customers with free mobile data upon registration. The embedded iiDENTIFii solution allows customers to securely open this account via their mobile phones without having to go into a branch.

Moreover, the iiDENTIFii technology platform does four things:

  • it proves that the person is alive, enabling strong authentication and far outperforming gesture-based and parallax technologies;

  • it matches the selfie the user has taken with the image on their ID document;

  • the data is extracted off the identity document (e.g. person’s name, surname and ID number);

  • all the data is matched with a facial biometric at an issuing authority or government department.

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Keywords: Standard Bank, iiDENTIFii, partnership, digital banking, security, onboarding, banking, authentication, iD, identity, facial biometrics, identification
Countries: World

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