PR Newswire
08 Jun 2022, 11 GMT+10
SINGAPORE, June 8, 2022 /PRNewswire/ -- ADVANCE.AI, a leading AI company specialising in digital identity verification, risk management and process automation, is the first company in Southeast Asia to successfully pass iBeta's Presentation Attack Detection (PAD) test against fraudulent attacks in compliance to the International Organization for Standardization (ISO) 30107-3 standard for its liveness detection products.
The ISO 30107-3 is one of the most stringent technical standards that is recognised internationally for the robustness of biometric technology against presentation attacks. The accreditation is a testament to ADVANCE.AI's liveness detection's capabilities in meeting global biometric standards.
ADVANCE.AI offers a comprehensive suite of solutions including KYC (Know Your Customer), KYB (Know Your Business) and KYT (Know Your Transaction) services that are consolidated into a single, easily customisable platform. Usage scenarios include customer onboarding, credit assessment as well as compliance, fraud and risk management.
Steven Zhou, Product Director of ADVANCE.AI, said, "Navigating complex regulatory and compliance standards is one of the biggest challenges for today's businesses, especially in the financial services, fintech and web3.0 industries. Receiving this globally recognised security standard gives our clients and partners the re-assurance that our comprehensive market-leading solutions are compliant, high quality and meet global standards."
ADVANCE.AI is part of Advance Intelligence Group, one of the largest independent technology startups based in Singapore with operations across South and Southeast Asia, Greater China, Latin America and Africa. ADVANCE.AI's flagship product, One-Stop Platform, provides a unified customer onboarding and profiling platform that combines 200+ data sources to power real-time response and fraud detection, with no-code orchestration capabilities that empowers businesses to deliver a safe, quick, and frictionless onboarding experience.
About ADVANCE.AI
ADVANCE.AI is a leading AI company that provides digital transformation, fraud prevention, and process automation solutions for enterprise clients. A leader in Artificial Intelligence, risk management and digital lending solutions, it currently partners 700+ enterprise clients across banking, financial services, fintech, payment, retail and e-commerce sectors. ADVANCE.AI is part of Advance Intelligence Group, one of the largest independent technology startups based in Singapore. Founded in 2016, the Group has presence across South and Southeast Asia, Latin America and Greater China. The Group is backed by top tier investors SoftBank Vision Fund 2, Warburg Pincus, Northstar, Vision Plus Capital, Gaorong Capital, Pavilion Capital, GSR Ventures and Singapore-based global investor EDBI.
SOURCE ADVANCE.AI
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationMANDALAY, Myanmar - On Wednesday, Junta authorities arrested three more Mandalay-based lawyers representing political detainees after leaving their clients' hearings ...
Tokyo, Japan: On June 28, Japan baked under intense heat for a fourth successive day, with temperatures breaking nearly 150-year-old ...
DHAKA, Bangladesh - Tarique Rahman's support for Bangabandhu Sheikh Mujib's killers has been criticized by Sheikh Hasina. The murderers of ...
SHANGHAI, China: Walt Disney Company reopened Shanghai Disneyland on 30th June, one month after the city lifted a two month ...
ISLAMABAD, Pakistan - Given the country's ongoing economic crisis and acute fuel shortage, the Pakistan government is considering purchasing oil ...
ASSAM, India: During this week's heavy rains, which caused the region's worst floods in years, staff at the Cachar Cancer ...
WASHINGTON D.C.: Due to the record high trade deficit and a resurgence in COVID-19 infections that curbed spending on services, ...
TAIPEI, Taiwan: The world's fourth largest chip designer by revenue, Taiwan's MediaTek, has told Reuters that it plans to create ...
NEW YORK, New York - U.S. stocks rebounded on Friday, a day after major across-the-board sell-offs."Consensus estimates for 2022 and ...
GENEVA, Switzerland: Swiss pharmaceutical group Novartis has said, as part of its previously announced restructuring program, that it could cut ...
SHANGHAI, China: Walt Disney Company reopened Shanghai Disneyland on 30th June, one month after the city lifted a two month ...
SYDNEY, NSW, Australia - Stocks in Asia skidded lower Friday with all the major indices recording solid losses."Capitulation is the ...