iiDENTIFii, a market leader in digital biometric identity verification, is pleased to announce that it has won the “four-month-long” KPMG Private Enterprise Tech Innovator Africa Awards. The company, in a press release, said “Our team has worked hard to make innovation a consistent thread throughout the business, and we are grateful for KPMG’s commitment to tech trailblazers.”
“After a 4-month long competition, KPMG Private Enterprise announced the winner of their Tech Innovator in Africa Awards where, iiDENTIFii took the top spot, followed closely by Chekkit Technologies Inc. in 2nd place and Troygoldin 3rd place,” said KPMG in a press statement.
The prestigious competition showcases Africa’s leading tech innovators and has been seen as a significant steppingstone in achieving international recognition. The winner will automatically become the international representative for the Global Tech Innovator Award, which will be presented at the Web Summit 2022 in Lisbon in November.
The global competition is made up of 20 countries across key economies globally, and while each region runs their own competition, the global platform allows for various players across the world to pitch their businesses’ products and services and be recognized for leading tech innovation and business model excellence, judged by a panel of local and global industry experts.
iiDENTIFii, the winner from the African continent will compete against many other countries in the world for the top spot. “As Africa’s representative for the global finals, we’re determined to make our continent proud when we compete on the global stage, at the Web Summit 2022 in Lisbon in November,” the company noted.
iiDENTIFii was selected because of its pioneering and innovative facial biometric authentication solution, that can be used by a wide range of businesses across various sectors, including financial institutions, online retail, in education and health services. To date, three of the largest banking groups in South Africa and Africa have selected iiDENTIFii as their technology partner in this space.
The South African startup’s solution works by simply taking a selfie and linking it to your profile along with your ID number and photo of your ID documents. These are then cross-checked with physical identity documents from the Department of Home Affairs. This type of facial authentication means that businesses can easily identify who they are dealing with, and it gives users control of their account without risking their identity.
Gur Geva, co-founder and CEO of iiDENTIFii, says: “We are honoured to be named as a top 10 finalist on the African continent in the KPMG Private Enterprise Tech Innovator Awards. We believe that our ability to provide an identity protection tool that is flexible, cost-effective and future-proof allows our clients to provide a secure service to their new and existing clientele.”
iiDENTIFii has recently been selected and approved by Microsoft as a ‘co-sell’ partner. The Digital Authentication & Onboarding Solution has now been uploaded onto Microsoft’s Commercial Marketplace and introduced to Microsoft’s clients globally.
Historically, identity theft has been easy to achieve – particularly for larger crime syndicates. Identity fraud costs trillions of dollars every year. For individuals whose identity data has been stolen, the impact on their lives can vary from a simple nuisance to severe professional, financial, and emotional trauma.
As South African businesses ramp up their digital transformation efforts, cyber security and fraud prevention is top of mind. Geva urges companies to strengthen their service offerings to corporate and individual clients through quality biometric facial verification.
Existing iiDENTFii clients include Standard Bank, Investec Bank, Absa Bank, Shyft, Snapscan, IDC, Stanbic Mozambique, Stanbic Kenya and Stanbic Angola
