Aware and Anyline Partner to Bring Full eKYC Technology to Leading Pakistani Bank
Aware, a global authentication company, has partnered with Anyline to integrate its Knomi® mobile biometric authentication into the eKYC identity verification process for a major Pakistani bank. This collaboration enables secure remote account opening and identity verification, enhancing customer convenience and security. Knomi's advanced features, such as face recognition and liveness detection, complement Anyline's document scanning capabilities. According to Aware's Chief Revenue Officer, this partnership positions the company favorably in the Middle Eastern market, reflecting the growing demand for secure banking solutions.
- New partnership with Anyline enhances Aware's market position in the Middle East.
- Integration of Knomi® allows secure remote account opening for a major bank in Pakistan.
- Potential risks exist regarding product adoption and performance as indicated in forward-looking statements.
Anyline Integrates Knomi® into Customers’ Identity Verification Processes
BURLINGTON, Mass., March 16, 2023 (GLOBE NEWSWIRE) -- Aware, Inc. (NASDAQ: AWRE) today announced a new partnership with Anyline, a global leader in mobile data capture and data insights, to integrate Knomi®, Aware’s industry-leading mobile biometric authentication framework, into the Electronic Know Your Customer (eKYC) identity verification process for one of the largest banks in Pakistan.
Under terms of the partnership, Anyline handles the capture and digitization of data from identification documents, while Aware provides the biometric technology to verify the person claiming to be on the document is live and matches the person on the document. This enables the Pakistani bank to remotely and securely open bank accounts for new customers and eventually verify the identity of current customers.
“Our ongoing partnership with Anyline, and our collaboration to serve this bank, will help expand positioning for Aware in the Middle Eastern market,” says Craig Herman, Aware’s Chief Revenue Officer. “Banking, one of the most regulated industries, relies on authentication solutions delivering the utmost in security and customer convenience. Biometrics are big enabler of this, and we feel Knomi is the perfect complement to Anyline's mobile data capture capabilities for identity verification.”
“Enterprise-grade scanning solutions like Anyline are ideal for corroborating the authenticity and legitimacy of identity documents,” says Lukas Kinigadner, CEO & Founder of Anyline. “It is equally important for eKYC to make sure the person presenting a document is in fact the actual owner of that document. Knomi is the ideal counterpart to Anyline, making sure there's a match between the person in front of you and their photo ID.”
Aware’s Knomi mobile biometric authentication framework uses mobile devices and browsers to provide a trusted process to onboard and authenticate customers securely and conveniently. With industry-leading face and speaker recognition, passive liveness detection, and flexible device-, server-, and browser-based options, Knomi is a secure, convenient customer onboarding and authentication framework for virtually any use case.
About Aware
Aware is a global authentication company that validates and secures identities using proven and trusted adaptive biometrics. Aware’s software and software-as-a-service offerings address the growing challenges that government and commercial enterprises face in knowing, authenticating and securing individuals through frictionless and highly secure user experiences. Aware’s algorithms are based on the most diverse data sets in the world and can be tailored to the unique security and requirements of each customer. The company empowers users to have control over identities through clear, intuitive opt-in/opt-out features, helping them feel secure and improving their lives. Aware is a publicly held company (Nasdaq: AWRE) based in Burlington, Massachusetts. To learn more, visit https://www.aware.com or follow Aware on Twitter @AwareBiometrics.
About Anyline
Founded in Vienna in 2013, Anyline has established itself as a global leader in mobile data capture and data insights. Using the latest, newest and most innovative artificial intelligence and machine learning approaches, Anyline gives businesses the power to read, measure and interpret and process visual information with any mobile device. Anyline’s AI-enabled, machine learning technology seamlessly connects the physical with the digital world, capturing critical data in real time. This enables Anyline customers to unlock a wealth of instantaneous insights, embrace datafication, and use data to drive critical business decisions. Anyline is trusted by household brands such as PepsiCo, Discount Tire and IBM, as well as national governments and the United Nations. For more information, visit www.anyline.com.
Safe Harbor Warning
Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as our expectations regarding our new product. Aware wishes to caution you that there are factors that could cause actual results to differ materially from the results indicated by such statements, including the risks that (i) current and prospective customers do not purchase our new product in the quantities that we expect and (ii) our new product does not perform as well as we expect because of errors, defects or bugs. We refer you to the documents Aware files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in our annual report on Form 10-K for the fiscal year ended December 31, 2022 and other reports and filings made with the Securities and Exchange Commission.
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