Take AI, Bank Jago And ADVANCE.AI Transformation Of Customer Registration With EKYC Solutions

JAKARTA - Bank Jago and ADVANCE AI, the provider of leading digital identity verification and risk management solutions in Southeast Asia, introduced a new artificial intelligence (AI) powerful solution.

Called the electronic solution to know your customer (eKYC), Bank Jago will simplify the customer registration process and maintain its identity by preventing fraud activities originating from technology exploitation.

"We want to become a technology-based bank that is strong and integrated in Indonesia's digital ecosystem to meet the needs of the retail, mass market, and small and medium enterprise segments," said Irene Santoso, Head of Customer Business Customer Value Management of Bank Jago at a press conference Wednesday, August 30 in Jakarta.

The eKYC ADVANCE AI solution will integrate various features in the Bank Jago application, such as OCR (optical character recognition), activity detection, and face comparison into the account opening process carried out by Bank Jago.

Irene also believes that a solution like this will make the digital customer registration process easier, more comfortable, and certainly safe.

Ronald Molenaar, Country Manager of Indonesia ADVANCE.AI also commented that his partnership with Bank Jago reflects the company's commitment to prioritizing the customer registration process which is safe, secure, and smooth.

"So, it allows financial institutions to remain competitive and obedient in today's dynamic landscape as well as contribute to the national agenda, namely financial inclusion for all consumers and businesses in Indonesia," said Ronald.

By leveraging Al's strength, data analysis, as well as real-time transaction monitoring capabilities, ADVANCE AI can help identity verification, identity document authentication, check the whereabouts of individuals, tag individuals who are sanctioned or registered with AML. identify individuals with high credit risk, and much more.