Zoloz Offers Mobile App Developers with a 99.99% KYC Accuracy

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Date : 12-Mar-2020
Location: Kuala Lumpur

Key Takeaways:
  • Zoloz, a world-leading electronic Know Your Customer (e-KYC) technology provider and an Ant Financial company, has been certified as Presentation Attack Detection (PAD) Level 1 and Level 2 compliant, in accordance with the ISO 30107-3 standards for its biometric technology.
  • The test was conducted by iBeta, an independent third-party quality assurance provider.
  • The tester simulated a malicious user who tried to spoof Zoloz’s biometric authentication system with photos, videos and plastic masks.

 Spokepersons:
  • Chen Jidong, the general manager of Zoloz, said, the certification elevated Zoloz's product to financial-grade hence they are qualified to service the financial industry.
Offering:
  • Zoloz’s e-KYC system employs advanced multi-modal biometrics technologies and requires only a smartphone and an ID, offering users a convenient way to complete the entire verification process via ID and facial scans. 
  • So far, Zoloz’s solution has been adopted by many banks and financial institutions, including e-wallets such as TnGD in Malaysia, GCash in the Philippines, Dana in Indonesia, and TrueMoney in Thailand.
  • To date, Zoloz is one of only four companies worldwide to have achieved ISO 30107-3 Level 2 compliance for their biometric technologies. Its technology has also been certified in accordance to Payment Card Industry Data Security Standards (PCI-DSS) and ISO 27001 Information Security Management standards.
Insights:
  • Zoloz’s biometric authentication system, which has an accuracy rate of up to 99.99 percent.
  • During the test, Zoloz's technology achieved an attack presentation classification error rate (APCER) of 0%, demonstrating that its system cannot be infiltrated by any of the aforementioned attacks.
  • The ISO 30107-3 is the most stringent international standard for biometric technologies, defining the basic principles for biometric security.
Editor's comments:
  • Zoloz e-KYC system caters developers with identification verification SDK (software development kit) whereby KYC features can be incorporated into apps to verify users' identity against goverment-issued document such as MyKad and passport.
  • Hence, mobile app developers use the SDK to incorporate KYC features to verify the authenticity of the users. 
e-KYC system

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