How they describe themselves: OCR Labs is a driver of innovation in Identity verification solutions across mobile and web platforms. OCR Labs’ advancements in ID verification allow enterprises to manage KYC/AML obligations, significantly reduce fraud, minimise friction in the on-boarding process and increase efficiency within their internal business processes. The technology can be seamlessly integrated into its customer’s processes and applications via structured tool kits, and can be utilised by consumers for loan origination, payment authorisation and new account openings to name a few. For more information about OCR Labs’ capability, including a variety of use cases across a multitude of industries, visit ocrlabs.com.
How they describe their product/innovation: OCR Labs’ technology is able to:
- Capture an ID document effectively and correct/improve the image.
- Extract all relevant information from the ID quickly and accurately.
- Analyse the ID document captured to determine whether it is authentic or not using several checks.
- Capture a stream of the user’s face with advanced liveness detection to determine that they are a real person.
- Match the person in the video with the person shown on the card.
Provided as both native Mobile SDKs and Web API toolkits, it is the ultimate solution for identity proofing offering a simplistic and flexible process.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed
Bus. Dev., Press & Sales: Daniel Aiello, COO, firstname.lastname@example.org