09 May Regular, Contactable and ID Secure tackle ID fraud

Regula, Contactable and ID Secure are joining forces to help combat identity fraud across Africa.

South-Africa based Contactable is developing a solution, with Regula picked to provide identity document recognition, which will be integrated with Contactable’s digital identity and KYC orchestration platform. The solution will be capable of recognising the type of scanned identity document, automatically read the data it contacts, and then carry out cross-checks on that data. In addition, it will be able to extract photos from identity documents for biometric comparison to a facial image the government holds, such as those on South Africa’s Home Affairs’ national population register.

Ihar Kliashchou, Chief Technology Officer at Regula, said: “Digital identity verification implies multiple issues to pay attention to in order to build a trustworthy service that is capable of frictionless onboarding of legitimate users and stopping fraudsters.

“We are proud of our partnership with Contactable and look forward to contributing our decades-long expertise in forensics and document research to modern and highly demanded remote identity verification services.”

“Having access to global partners who continue to evolve and extend their services gives our Contactable clients a depth of solution that is both world-class and locally relevant,” added Daniel Robus, Contactable CRO. “The Regula team is responsive and customer-centric, which is what is needed when dealing with sensitive processes such as customer onboarding and KYC. At Contactable, we have to remove obstacles from the process, and therefore the right partners are key. Regula is one of those.”

According to Regula, it has a wide-reaching proprietary ID document template database that holds more than 12,000 ID templates from 247 different countries and territories.