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New Digital ID Verification Solution Available To Turkish Fintech Apps

The goal is to provide a simpler solution for identity verification and remote customer acquisition to modern fintech apps in Turkey.

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4 years ago

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new digital id verification solution available to turkish fintech apps

If there’s anything positive about the coronavirus pandemic and the global wave of lockdowns that followed in response to it, it’s the rapid acceleration of digitalization across all industries. Responding to the fintech companies in Turkey, Insha Ventures and Identify Turkey have created a digital ID verification solution called KimlikBasit.

The goal of KimlikBasit is to provide a simpler solution for identity verification and remote customer acquisition to modern fintech apps, whose digital-only nature clashes with face-to-face verification of customer credentials.

“KimlikBasit is a fintech venture operating in the field of call center-supported remote customer acquisition, providing artificial intelligence-supported biometric data comparison and verification, with solutions designed for businesses, especially financial institutions, to prevent money laundering and identity fraud (AML/KYC),” explains Yakup Sezer, general manager of Insha Ventures.

Users who encounter KimlikBasit in the wild are required to go through only a few simple steps to complete the verification process. First, user information for remote customer acquisition is taken. The user is then redirected to the actual verification process, which consists of document scanning using a mobile device and a brief call with a call center employee. After successful verification, all user information is stored in a secure manner and can be accessed via an administration panel.

Also Read: UAE Is Ready To Test New Face ID Technology In Service Delivery

“We are excited to be a critical part of this digital transformation while witnessing the transformation of the sectors in Turkey through regulations,” said Ali Haydar Ünsal, general manager of Identify Turkey. “In this period when the customer experience has undergone a significant change, we make it easier for companies in critical sectors such as e-commerce, banking, automotive and capital markets to acquire new customers within 10 minutes.”

Fintech apps that would like to implement KimlikBasit can look forward to 24/7 customer support provided by expert teams in multiple languages and a wealth of training material to help with the implementation of this innovative digital ID verification solution.

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UAE Prepares To Launch Two Satellites: Thuraya-2 And MBZ-SAT

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum chaired the first meeting of the Supreme Space Council yesterday.

Published

5 days ago

on

December 17, 2024

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uae prepares to launch two satellites thuraya-2 and mbz-sat

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE, chaired the first meeting of the Supreme Space Council in Dubai on December 16, 2024. The session highlighted the UAE’s ambitious space plans and took stock of the sector’s economic progress.

The council emphasized the growing role of private companies in advancing space technologies, noting that their contributions are now equal to that of the public sector. Members also praised initiatives like the Space Economic Zones Programme, which are designed to fuel innovation and investment in the space industry.

Discussing the UAE’s space journey, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum remarked, “The national space sector continues to grow and advance, and we take immense pride in the remarkable achievements we have accomplished over the years”.

Sheikh Hamdan also received updates on two upcoming satellite projects: Thuraya-2 and MBZ-SAT. Thuraya-2, developed by Space42, is slated for launch this December. Meanwhile, the MBZ-SAT, created by the Mohammed Bin Rashid Space Centre (MBRSC), will soon follow. MBRSC, a major driver of the UAE National Space Programme, continues to lead the nation’s space-related developments.

Space42 took the opportunity to showcase its advancements, including ongoing collaborations between public and private entities. The company also outlined strategies to promote innovation, boost revenue streams, and create new opportunities for growth in the sector.

Also Read: IBM Opens New Doha Office To Support Qatar’s Digital Growth

The UAE’s current projects build on a growing legacy of space exploration. Back in 2020, the nation made headlines with its Mars mission, successfully sending a probe into the planet’s orbit in 2021. This mission, which is now in its second phase as of June 2024, has been collecting critical data to develop a comprehensive diurnal image of Mars.

The UAE also ventured into lunar exploration with an unmanned mission aimed at studying untouched regions of the Moon’s surface. While the probe ultimately crashed during its landing attempt after communication was lost seconds before touchdown, the effort represented a significant step in the country’s exploration ambitions.

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