User:Scanovate/sandbox

Overview
Scanovate is a hitech company that specializes in identity management and IDV (identification verification). The company offers software to institutions in the financial and retail industries as well as government bodies. Scanovate's solution provides digital engagement services using a comprehensive OCR, facial biometrics engine and a Liveness check that authorizes the user is alive and present throughout the session. On the back end, Scanovate's KYC360 manages risk and compliance checks and conducts AML checks for each user. The company is based in Israel and was founded in 2010. Today, the company has 50 employees spread across three continents and clientele in Europe, Eastern Europe, Latin America, Israel, Russia and the United States.

History
Scanovate was founded in 2010 by CTO Irad Gilboa and Co-Founder Amir Fishman. The company became commercial in 2015 after entering the Citibank Innovation Lab with its first clients being top tier banks in Israel. In 2016 the company branched out to markets abroad after winning a hackathon at Royal Bank of Scotland.

In 2018, Scanovate acquired ADO Technologies and grew its operations to cover Latin America and the United States.

Solutions
OCR (Optical Character Recognition) scans physical documents and converts them into a digital format. This component gives your phone the ability to read documents and auto populate online forms.

Facial Biometrics Engine extracts the photo from the identification document and compares it to a live selfie the user is asked to provide. This engine has the ability to analyze age gaps of up to 12 years as well as disregard noises such as dirt or holograms on the photo.

Liveness check ensures the user is alive and present in the session and eliminates possible fraud acts such as presenting a picture or a screen by asking the user to capture a live, spoof proofed selfie video.

KYC360 is Scanovate’s back-end platform that conducts all regulatory checks, ensuring a business’ compliance. The platform is connected to large and local data providers and completes all AML checks, aggregates and normalizes the data and creates a single, auditable report for compliance uses.

Category:Overview Category:History Category:Solutions Category:Accolades Category:References