Nodeflux introduces face recognition technology in Indonesia
17 October 2019 13:28 GMT

Nodeflux, an AI company in Indonesia, has introduced face recognition technology in banking in the country.

It has just been introduced on Nodeflux Road to Accelerate "The Trend of Appropriating Face Recognition in the Financial Industry", Thursday, October 10th, 2019 at Nodeflux HQ, Kemang, South Jakarta.

The two speakers involved are Nodeflux own Chief Commercial Officer and Group Product Manager, Ivan Tigana and Richard Dhamardi respectively. They discussed the idea and how their Vision AI technology evolve continuously to optimize the security and transaction of digital banking in Indonesia.

"With VisionAlre, we present a new solution combining vision AI, input, and AI analytics, that has been applied in multiple researches and technological implementation conducted by Nodeflux for years. Alongside the development of our newest platform technology, VisionAIre Know-Your-Customer (KYC) improve the banking automatic verification in Indonesia" Richard Dharmadi conveyed.

According to research by Ernst & Young, automatic verification process or Electronic Know-Your-Customer (e-KYC) has become the solution to solve banking primary problems which are data accuracy and time efficiency. Different from the conventional method, with e-KYC, customers only need to upload their identification documents and photos to automatically verify their authenticity. AI technology in e-KYC has allowed the verification process to dwindle from the initial 18 minutes process to just 1 minute.

Therefore, through VisionAIre Know-Your-Customer (KYC) platform, Nodeflux presents Vision AI with the ability of analyzing face biometric or face recognition analytic and AI analytic to verify e-KYC data and customer authentication systems accurately.