TOPPAN IDGATE had won the first Taipei Fintech Award for Big International Market Potential
Taiwan’s biggest fintech expo “Fintech Taipei 2022” for the first time offers awards to fintech inventors. TOPPAN IDGATE is honored to announce as winner of International Rising Star Award and joined the award ceremony for iDenFace demonstration.
The 2022 Fintech Taipei Awards saw a total of 99 institutions take part, with 162 teams submitting applications. The teams were competing for five main awards. One of the awards was for a fintech invention’s potential in international markets. There was also a technology innovation award and fintech investment award. Two more awards went to teams with exemplary co-creation skills and innovative business models. Three winning teams were selected for each of the five categories.
TOPPAN IDGATE’s strategic movement to SEA market
TOPPAN IDGATE was founded in 2013 as a self developed software company and based in Taiwan. The team focus on “identity authentication ” especially for digital banking, the first developed technology is device binding with push notification infrastructure for 2FA and MFA authentication, which named as “iDenKey” solution, which is also FIDO compliant. Due to eKYC booming demand from the digital onboarding, TOPPAN IDGATE had developed the own face recognition technology(iDenFace) and ID card verification(iDenCard) solution, to support the digital banking on eKYC procedure for “ID card verification” “Liveness Detection” and “Selfie Match on ID card” functions. These solutions will decrease the waiting time for identity verification and the cost of human checking.
From 2013, TOPPAN IDGATE had adopted by several Taiwan digital banking customers, including virtual bank. From 2016, the team had explored the opportunity to HK market and won several cases, including CITIC bank, Fusion Bank and WeLab bank….etc. Since the SEA market had huge potential for digital banking, the team also explored its footprint to Singapore and Malaysia, and soon will be in Indonesia market. So based on our big pontential in SEA market, TOPPAN IDGATE had compete with other applications and won the award of “International Rising Star”.
Kersey Shang(GM) and Janis Lee(Marketing Manager) represented to receive the award Photography by TOPPAN IDGATE
Demonstration of face recognition for eKYC procedure
The winners of Taipei Fintech Award have a specific time to demo during the award ceremony, CTO of TOPPAN IDGATE, Jack Hu, had presented the eKYC solution for “ID card verification” “Liveness Detection” and “Selfie Match on ID card” functions and demo the iDenFace app by different scenarios. Our own face recognition had been certified by NIST(National Institute of Standards and Technology) in FRVT(Face recognition Vendor Test) category and ranking as Top.12 worldwide last year and still the No.1 among Taiwan vendors. With our excellent AI-based liveness detection allows for image processing and feature value comparisons with AI models. This technology prevents identity fraud by actively differentiating live images from video recordings, still photos, and even silicone disguises.
The honor of the award belongs to all the team and looking forward to work with more digital banking customers!
TOPPAN IDGATE eKYC Solution
TOPPAN IDGATE’s combined years of experience developing data security for the finance industry and proven track-record raising successful businesses, we understand the fine balance between what banks need and what their customers want.
With its selfie match-on-card feature, TOPPAN IDGATE’s iDenCard solution verifies the legitimacy of provided government IDs; iDenFace uses AI face recognition technology for liveness detection and anti-proofing features.
The ID anti-counterfeiting technology from TOPPAN IDGATE significantly improves the eKYC procedure. The users are instructed to take a photo of their ID card as a proof, and TOPPAN IDGATE’s solution will automatically compare important ID features, carry out careful color detection, and find anomalies using an AI model, like employing printed photos and concealed information from images. While the eKYC authentication process is carried out through mobile devices, this is done to confirm that users have used the original ID for their registration process.
TOPPAN IDGATE’s advanced solutions prevent identity fraud, phishing, and automated processes, providing the highest level of security with a smooth and intuitive user experience.
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About TOPPAN IDGATE
TOPPAN IDGATE, acquired by Toppan in 2020, was co-founded by a group of tech entrepreneurs with a vision for improving what they saw as a sore spot in the market for identity verification solutions. In a world where we tend to oppose security to user-friendliness, TOPPAN IDGATE is striving to offer highly secure but also highly convenient authentication solutions, for digital transformation and online banking services. With our combined years of experience developing data security for the finance industry and proven track-record raising successful businesses, the company understands the fine balance between what banks need and what their customers want.
Editor: Janis Lee/Marketing Manager