The startup offers an e-KYC platform that utilizes facial recognition technology and artificial intelligence to streamline online documentation and verification processes. By integrating digital ID, digital signatures, and blockchain, the platform enables clients to enhance security and efficiency in identity verification.
Funding
$2.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations face challenges in efficiently and securely verifying the identities of individuals during online transactions and onboarding processes. Traditional methods are often time-consuming, prone to fraud, and can result in a poor user experience due to cumbersome documentation requirements.
Solution
WISE AI offers an AI-powered eKYC (electronic Know Your Customer) platform that streamlines digital identity verification. The platform uses facial recognition and document authentication to automate the process of verifying user identities, reducing onboarding times and improving security. By integrating digital ID verification, the platform ensures compliance with regulatory requirements while providing a seamless user experience. The solution leverages AI to detect fraud and ensure the authenticity of submitted documents and facial matches.
Target Audience
The primary target audience includes businesses in the banking, financial services, insurance, telecommunications, retail, and government sectors that require secure and efficient digital identity verification.
Features
- AI-powered facial recognition with high accuracy (99.7% accuracy in recognizing faces in under 1 second)
- Digital ID authentication to verify the authenticity of identity documents
- Real-time face verification to ensure genuine users access platforms
- Fraud detection capabilities to prevent identity theft and other fraudulent activities
- Compliance with PDPA, NIST, ISO 27001, ISO 30107, Identity Assurance Level (IAL), Authentication Assurance Level (AAL) and Bank Negara guidelines
- 256-bit SSL encryption for secure data transmission
- API and console access for integration into existing systems