![]() ![]() As identity fraud continues to increase, the more the world moves into the digital space, it becomes imperative to ensure that financial services clients are protected in every way possible. Geva concludes: “ DigiME is a clear example of how software can provide an innovative solution to online identity verification swiftly and accurately without racial or gender bias. Geva says that adding biometric facial recognition to mobile banking platforms as an added layer of security is critical. Over R106 million was lost to fraudulent activity on other banking apps alone in 2019. As this is considered a ‘silent crime', it can often go undetected, which is why financial institutions need to have a comprehensive approach to remote identity authentication.” Experts in the field suggest that an identity is stolen every two seconds. Geva adds: “Identity fraud is one of the fastest growing crimes in the world. This is pivotal to successful fraud prevention and creates a triangulation of trust with the client, bank and Department of Home Affairs. The facial recognition component of the system works by the client simply taking a selfie and linking it to their SBSA profile along with their ID number and photo of their ID document, giving users all the power over their account without risking their identity. All the data is matched with a facial biometric at the Department of Home Affairs.ĭigiME is a clear example of how iiDENTIFii’s facial recognition software can supplement SBSA’s innovative security solution.Critical data is extracted off the identity document.It has to match the selfie of the person with the image on their ID document.It has to prove that the person is alive, therefore enabling strong authentication.It was also imperative for an automated solution of this nature to enhance compliance with local and international anti-money laundering legislative requirementsĭigiME is an innovative solution that was designed for SBSA to ensure that all digital profiles are strengthened and secured.Īccording to Geva, a workable biometric solution has to fulfil four critical service points: Connect is the quickest way to utilise your users' medical, financial, fitness, social, and entertainment accounts. The Standard Bank of South Africa (SBSA) wanted to digitise primary functions like opening accounts, right through to approving loans, while ensuring that it minimises the risk of various types of fraud – including identity fraud. It is critical that the digital onboarding of clients safely and securely is robust and efficient.” Gur Geva, co-CEO of iiDENTIFii, a market leader in biometric identity, says: “The challenges facing such a large organisation's digital migration are complex. This has become even more crucial as it accelerates its efforts to provide superior digital client experiences. Winning entries were judged on whether they could demonstrate positive instances of active citizenship in Cyprus, their photographic appeal and the attention drawn to them through online social networks.As one of South Africa’s leading financial service providers and as Africa’s biggest bank by assets, Standard Bank is constantly looking for ways to evolve and secure its clients’ online service portal. “With the European Year of Citizens 2013 coming to an end, the competition intended to document those instances where people have contributed to our society, and encourage each and every one of us to keep on,” said the organisers. Was it just another concert or maybe a big idea?” Awards were given to Caghan Emirzadeoglulari for his photo “Rainbow Journey Towards Peace”, Melissa Hekkers for her photo “Junior & Senior School Children in Nicosia fight against bullying” and Christos Skordis with his photo “People: A volcano ready to erupt taken outside the 1st Cyprus Aid concert (April 1,2013). The three winners were chosen from more than 150 entries from across Europe. The competition has been held annually since 2011. Working under the title “We Participate!” the theme for this year’s DigiMe photography competition aimed to highlight the importance of active citizenship in a time of transition in Cyprus and the EU as a whole. ![]() VideoJobs are easy to view on a mobile device Digi-Me VideoJobs have patented technology. ![]() A photograph by The Cyprus Weekly’s Melissa Hekkers of an anti-bullying event at a Nicosia school is one of three winners of a photo competition organised by the Cyprus Community Media Centre (CCMC) with the support of the European Commission Representation in Cyprus. Reach almost 15,000 subscribers with a print classified ad. ![]()
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