Ant Group Digital Technologies introduces new features in business security solutions
MANILA, Philippines – Ant Group Digital Technologies, a technology unit of Ant Group, today introduced a number of new features in its cutting-edge digital solutions for the international market at the company’s Customer Day held in the Philippines.
Company representatives presented their latest digital security solutions before the Bank Marketing Association of the Philippines (BMAP) and the Chief Technology Officers of some of the country’s leading banks.
The representatives of Ant Group Digital Technologies. From left: Zhang Yi, Solutions Architect Director, Ant Group Digital Technologies; JC Liu, Solutions Architect Manager, Ant Group Digital Technologies; Yuan Yuan(Ida), Business Director of ZOLOZ and William Yao, CTO of ZOLOZ.
“We want to support our partners in the international market and enable them to provide safer, more convenient and more reliable services to their customers. The market in the Philippines has significant potentials,” explained Zhang Yi, Solutions Architect, Ant Group Digital Technologies. “For example, the banking industry’s robustness is very impressive particularly given the rapid growth of the financial technology (fintech) sector in the country.”
Zhang Yi, Solutions Architect Director, Ant Group Digital Technologies
Bullish on the Philippine Market/Help For SMEs
The company is bullish on the Philippine market because the it is open to digital technology, which played a critical role in delivering service to consumers during the Covid-19 pandemic. The digital adoption in the market is also accelerating.
Potential partners include digital banks, fintechs and insurance companies and others that would like to offer online services which require eKYC. mPass, the company’s mobile development solution, helps companies build new superapps or improve the performance of exisiting apps. “We look forward to helping partners, including SMEs to operate their businesses online with ease,” Zhang Yi added.
ZOLOZ Security Tech Solutions
eKYC
Major e-wallet operators and financial institutions including GCash in the Philippines, TnGD and Maybank in Malaysia, Dana in Indonesia, TrueMoney in Thailand and Mandiri Bank in Indonesia have been using ZOLOZ’s e-KYC (electronic Know-Your-Customer) solutions to serve their customers.
The adoption of e-KYC solutions helps clients reduce end user authentication time from days to around three minutes, while improving the authentication success rate from 65% to above 90%.
One of the new functions, the eKYC Blacklist Management, according to Zhang Yi, can conduct real-time risk mining enabling an organization to protect itself from illicit use of its products and services. Other features such as multiple dimension risk assessment, enable merchants to better manage and mitigate risks.
Other new security solution and features introduced in this event included the Identity Network module that identifies pattern and syndicate information from the entire eKYC lifecycle, the NFC Passport Reader which helps verify passport information within a few seconds and the one-stop risk control product – Mobile Device Security.
Authentication
Behavior-Captcha provides screen reading and other accessibility capabilities for digital service providers. Moreover, the visually impaired groups can also benefit from this solution.
AML
The Anti Money Laundering-Screen Automation (ZOLOZ Smart AML) taps artificial intelligence (AI) to complement manual verification to enbale a hassle free experience.
mPass
Ant Group’s mPaaS (Mobile PaaS) solution, which provides a cloud-to-end, one-stop solution for mobile development, can generate initialization code and offer modular development mode for collaborative development.
Zhang Yi explained that mPaaS solution is important especially for banks and financial institutions that are gearing up for expansion. “When they grow their mobile applications, the challenges become bigger. mPaas offers a programming framework that will change the majority of coding into a mini program which are downloadable from the server side,” he said. “Just imagine how it will dramatically reduce the processing time in mobile applications. It can jumpstart a superapp.”
As more industries digitize their operations in the digital era, there is increasing demand for trusted multi-party collaboration that happens entirely online.
“We remain focused on the technological breakthroughs that create a trusted digital network to improve industrial collaboration. We look forward to working with more partners in SEA, and using our innovative products and services to better serve the digital economy, ” commented Geoff Jiang, President of the Digital Technology Business Group, Ant Group.
To know more about Ant Group Digital Technologies, please visit its official website. https://www.antchain.net/home
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