Monday, December 30, 2019

How might Your Business Benefit from Biometric Authentication?

Biometric authentication can be considered one of the more recent innovations out there that has garnered the kind of technological maturity suitable for enterprise-wide adoption. Like something out of a sci-fi movie, it makes use of body measurements and calculations to determine certain key variables. 

Still, businesses have been slow to adopt biometric authentication. 

This might come down to a lack of knowledge about the concept of biometrics, or simply to decision-makers not seeing a need for it. 

However, with gradual exposure to biometric authentication, it could very well become an integral part of the future of digital business and information security. Here are a few ways in which your business could benefit from this nifty tech. 

So, what was it again?

Biometric identification is used to verify that you are you based on your body measurements. Biometric authentication goes one step further and uses that information to compare you against a database.

Think of it like this: biometric identification is like a neighbour who looks through the peeping hole at the 2 people who just rung the bell. The neighbour decides which one of them is Stanley based on height, hair colour, eye colour and so on.

Biometric authentication is the neighbour who looks through the peeping hole to see who is at the door. If it’s Stanley, the neighbour lets him in. If it’s not, the door remains shut.

Monday, December 16, 2019

5 Prominent Digital Payment Trends for 2020

As technology continues to revolutionize a variety of industries and commercial sectors, 2020 is soon set to be upon us.

It should be safe to say that business owners need to pay close attention to certain key trends. Among them, the rise of digital payments.

With complex payment gateways, cryptocurrency, electronic wallets (e-wallets), and more, some of the greatest innovations these days revolve around how we buy, sell and conduct other transactions. So, what’s next for digital payments?

Here are some possible developments that we might see become mainstream in 2020.

1. The Rise of e-Wallets 

E-wallets let buyers make payments via a single tap on a computer or smartphone. A number of things can be paid for using e-wallets, including clothes, tickets and even groceries.

With internet penetration at 80% and smartphone penetration at 63%, the outlook for digital payments for the year 2020 seems promising.

e-wallets have taken a place in the spotlight, especially since JP Morgan recently stated in a market report that “The use of cash is expected to be overtaken by digital wallets by 2021”.

Technology giants like Samsung, Apple, Google, Alibaba and Tencent are driving the growth of digital wallets, and consumers seem to be loving the convenience. It’s a pretty radical and revolutionary concept. Security and authentication features (not having to enter credit card info or give physical credit cards to cashiers) make e-wallets so much more appealing than carrying bulky wads of cash around.

Mobile wallet payments may have only come up to about $75 billion in 2016, however, the forecast is that they’re going to soar upwards by 2020 (an estimated 80% of growth over five years).

Tuesday, November 26, 2019

Innov8tif’s EMAS eKYC Wins APICTA Awards at International Stage

Vietnam – 22nd November 2019: Innov8tif’s product, EMAS eKYC is honored to receive Merit for B2B Fintech category at the 19th Asia Pacific ICT Alliance Awards (APICTA Awards) that was held at Diamond Palace in Ha Long. There was a total of three prestigious awards given to B2B finance and accounting solutions providers.

Innov8tif’s Chief of Operation Officer (COO), Law Tien Soon commenting on the importance of the award said “It is a great honor to receive the award on the international stage. This award recognizes our team’s journey and our passion for promoting the financial solution in Southeast Asia, making non-face-to-face online customer onboarding a reality and at the same time complying with monetary, telecommunications and investment-related regulations. With this achievement, we are encouraged to aim for a greater height.”

He added “Being recognized on the international stage didn’t come easy for us. We have tried for three consecutive years to make ourselves qualified from the nomination stage in Malaysia for the B2B Financial Solution category – a very competitive category in Malaysia.”

Monday, October 7, 2019

Innov8tif Won Merit for the Fintech Category at MSC Malaysia APICTA 2019

Kuala Lumpur (3rd Oct 2019) – Innov8tif’s EMAS™ eKYC product has been accorded Merit for Fintech category at MSC Malaysia APICTA 2019. Innov8tif was presented with the award at Serba Dinamik-PIKOM Unicorn Tech Awards Night 2019, held at Kuala Lumpur Convention Centre.

The MSC Malaysia Asia Pacific ICT Awards (MSC Malaysia APICTA) programme provides recognition to outstanding achievements of individuals, students, entrepreneurs, companies and organizations with operations in Malaysia who have contributed to the development of the MSC Malaysia initiatives or in building applications and services for the benefit of Malaysia. It recognises creativity, innovation, and excellence in Malaysian ICT.

Innov8tif won this esteemed recognition from one of the most competitive categories in this Awards programme. The awards ceremony saw more than 1,000 tech players at the most sought-after annual event of the country’s digital ecosystem. Also present at the event was YB Dato' Seri Anwar Ibrahim, who delivered keynote speech.

“It is a great honour to receive this prestigious award. Most importantly, it recognizes all the great efforts that Innov8tif team members have committed wholeheartedly into EMAS eKYC product, from technical design, engineering, sales, implementation and support,” says George Lee the CEO of Innov8tif. “As a pioneer of eKYC solution in Malaysia, there were years when we saw investment into R&D and going around the BFSI industries to pitch for awareness, but without tangible conversion into sales. So it is certainly very rewarding for our team to be recognized for the positive impacts we have brought into B2B fintech solution.”

Wednesday, September 25, 2019

Using Deep Learning Technology to Prevent Deepfake in eKYC

Deepfake is a rising threat, particularly for its effectiveness in impersonation. By combining and superimposing existing images and videos onto source images or videos using a machine learning technique known as generative adversarial network, it is feasible to create a good quality animated face which can satisfy liveness test checked through facial landmark movement (e.g. eye blink, mouth movement, head yaw/pitch), and impersonate as another facial identity.

This, is evidently a threat in digital ID verification of many eKYC processes that we have witnessed. Furthermore, deepfake can be produced by anyone without knowledge in AI or 3D modelling, simply by using off-the-shelf facial animation tool.

Friday, August 30, 2019

What to Look Out for When Evaluating a Low-code Platform?

Joget Inc. successfully concluded Digital Transformation Summit in Kuala Lumpur, held at Connexion Conference & Event Centre, Nexus Bangsar South, on Aug 22nd, 2019. The event was surrounded by enterprise application modernization as its primary theme. It was also supported by Red Hat, a good complement between Joget as a low-code platform, and OpenShift.

Image Source: Joget Inc
The event saw participation of 80 IT professionals from existing customers of Joget Workflow in Malaysia, as well as new prospects from medium and large enterprises. Raveesh Dewan the CEO of Joget Inc., flew in all the way from United States to share new opportunities that will be made possible by Joget DX v7 - the next major upgrade of Joget Workflow. Damien Wong, Vice President & General Manager of Red Hat Asia Pacific Pte Ltd, also delivered his insights on the why, what and how to go digital native with containers and DevOps.

I had an opportunity to share personal view on "What to Look Out for When Evaluating a Low-code Platform?", based on my 10 years of exposure in the advocacy of low-code development tools. It doesn't matter whether or not you are evaluating Joget. My view was shared as a 9-point checklist, which I hope is helpful to serve as a guideline when your organization is assessing low-code tool - especially when it is meant to be served as citizen development platform.

1. Tooling

It goes without saying that, low-code tools are the key pillars in any low-code platform.

  • Basic consideration such as processes, end-user application interfaces, forms, reports, user directory and access-control list should be able to be designed and administered through configurations. 
  • Any very importantly, how sophisticated can the UI of form design be configured from wizard/dialog? It defeats the purpose, if slightly more sophisticated requirements would require coding. Examples are: tabbed form, pop-up search and selection, one-to-many relationship between entities, asynchronous data pulling, grid-table multi-row data input, and validation rules.
  • You may want to take note on IDE (integrated development environment) dependency, as to whether any client software installation is required by a low-code developer. 

Low-code doesn't imply no-code. As such, is there a "code behind" flexibility when need arises?