S1E36: Authme's AI-Powered Identity Verification Solution Fuels LINE Bank's Top User Growth

Startup Island TAIWAN Podcast

The process of evaluating applications for Know-Your-Customers (KYC) demands significant time, effort, and resources from both sides of the business. AuthMe effectively addresses these challenges through its patented technologies, streamlining onboarding with their eKYC solutions powered by Biometric ID verification, Facial Recognition, Liveness Detection, and complemented by Fraud Detection capabilities. This integrated approach efficiently identifies altered documents, spoofing attempts, unusual IPs, applications, and behaviours.
Amid the intricacies of establishing identity verification for a virtual bank, Authme triumphantly launched its solution in 2020. This achievement played a pivotal role in propelling LINE Bank to its status as the premier internet-only bank in 2021. We are delighted to welcome Kuo Chan Tseng, COO and Co-Founder of Authme, to our show to share his philosophy and reveal the inspiring stories that have contributed to Authme's success.
In this episode of Startup Island Taiwan Podcast, you will find out:
☛ Three issues that make KYC (Know Your Customer) challenging
☛ Photoshop is the most prevalent approach to commit synthetic ID nowadays, and it has advanced in recent years with the help of AI
☛ Regulation is always a couple steps slower than technology, but it also means that the government provides a buffer that allows tech companies to evolve without harsh oversight
☛ During 7 years of work and living in Indonesia, Kuo Chan noticed a tremendous opportunity that 50% of the population is not on the list of bank systems
☛ Computer science engineers, particularly in the AI field, have been difficult to recruit for Authme in Taiwan in recent years because everyone is hiring
Host: Asianometry, Deep tech channel with 526k followers, still growing
Guest: Kuo Chan Tseng, COO & Co-founder of Authme
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Directed by National Development Council
Produced by Meet Global by Business Next Media
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