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Codebase in deal to provide digital identity in GCC

UAE Business

Codebase Technologies, part of an investment group based out of UAE, has joined forces with US-based Acuant in providing the GCC region with digital identity and eKYC solution, Digibanc Identity.

Digital Identity has revolutionized the concept of how we perceive identity by creating a simple yet effective means of how we verify, access and stay up to date with our surroundings at both home and work.

Codebase technologies’ digital identity and customer onboarding module utilizes the innovative machine learning forensics and smart document analysis augmentations to create Digibanc Identity. Together Acuant and Codebase aim to offer a strong customer focused solution to industries who are heavily focused on their customers and are looking to provide deeper and more engaged customer experience.

With Digibanc Identity, organizations can now lower their customer acquisition costs, operating expenditures, onboarding times, and physical location footfalls from 40 per cent – 70 per cent.

Digibanc Identity’s has successfully been deployed for a large scale regional bank in the GCC providing them with robust regulatory compliance and increased customer satisfaction.

Digibanc Identity aims to establish itself as the benchmark technology for institutions for the verification and onboarding of their valuable customer base on a global scale starting with the GCC and South Asian Regions.

Acuant is an identity verification platform that instantly reduces fraud while providing seamless customer experiences. Solutions include intelligent data capture and auto-fill software, identity document authentication, chip and e-Passport authentication with PKI, facial recognition software and expert manual review of documents. – TradeArabia News Service

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