Innovatrics has been recognized by CIOReview Magazine as the recipient of “Top 20 Banking Technology Solution Companies - 2018,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Peter Martiš, Products and Channels Director.

Innovatrics
Facilitating Biometric Authentication through Digital Onboarding Toolkit (DOT)

Peter Martiš, Products and Channels Director

Biometric authentication has become the ‘talk of the town’ today as it serves various industries to enhance the security of an individual or organization’s data and credentials. During the past decade, it emerged as the ‘go-to security feature’ in most smartphones and handheld computational devices, allowing application developers to safeguard numerous datasets using the hardware already available on these gadgets. Innovatrics, a company based in Central Europe, showcases the true potential of biometric authentication by providing a toolkit for digital onboarding for mobile applications.

Founded in 2004, Innovatrics has been a trailblazer in the biometric landscape, developing one of the best performing automated fingerprint identification systems (AFIS) in the world and further specializing in facial and iris recognition technology. The company’s flagship offering—AFIS—provides a large-scale, easy to integrate, standard-compliant, and high-performance biometric identity management solution, highly regarded by system integrators and solution providers. With interest growing in multimodal solutions involving face and iris verification, Innovatrics has recently introduced DOT which allows existing or newer applications to implement a biometric engine and leverage identity authentication functionalities. DOT enables banks, financial institutions, and government organizations to onboard new customers without summoning them to their brick and mortar infrastructure, enabling remote enrollment or registration for various operations and services. “It is like registering your identity with a selfie. DOT greatly simplifies customer onboarding utilizing AI-powered OCR and facial biometrics, enhancing the security of the process,” says Peter Martiš, Products and Channels Director at Innovatrics.

DOT eases the process of onboarding customers with two simple steps: scanning the identification document and matching it with a photograph of the person.

The Optical Character Recognition (OCR) module of DOT allows customers to scan their ID cards and recognizes the characters present in the document, irrespective of the angle at which photo is taken. This is something traditional OCRs fail to achieve. After scanning the ID card, the application prompts the customer for a selfie, where he or she is instructed to follow patterns on the screen with eyeball movements, thereby checking “liveness” of the individual in the frame. Using machine learning, the application then matches the selfie with the photograph on the ID card to complete the required KYC processes for customer onboarding.

This liveness feature also functions as an authenticator of logins and presence detection for various mobile applications. The login feature allows customers to access an application using their face for authentication while the presence detection controls the information displayed on the screen depending on whether the user is looking at the phone or not. If the user is not looking at the phone, the application automatically blurs the information displayed on the screen. Such features have opened the door to multiple industries, allowing Innovatrics to deploy biometric solutions across malls, airports, transportation sectors, mobile devices, and financial institutions.

The banking sector has been a recurring beneficiary of such applications. One of the largest retail banks in South Africa was on a quest toward digitalization with the aim of onboarding 10,000 new customers every month. With Innovatrics’ DOT, the bank rolled out its remote onboarding feature to customers through mobile phones, tablets, and self-service kiosks. This advancement allowed them to reduce staff and deploy kiosks that act as a single point of enrollment, avoiding the hassle of customers spending time with bank employees. The pilot program witnessed a huge uptake, reaching the bank’s targets sooner than expected. “These advantages can be extended to telecom operators issuing SIM cards, election registration, and various identity profiling applications,” adds Martiš.

Innovatrics

Innovatrics Facial Recognition on the Edge Enables Advanced Video Processing Even in Remote Areas

Wednesday, February 15, 2023

SmartFace Embedded by Innovatrics is a new chapter in facial recognition technology, saving both hardware costs and bandwidth without sacrificing performance.

BRATISLAVA, SLOVAKIA-- SmartFace Embedded by Innovatrics opens up a wide range of deployment options including areas without any internet coverage with no performance hit compared to server-centric solutions. Due to the power of the new system-on-chip and system-on-module edge devices, all the facial recognition processes can now run fully offline, directly on camera or device connected to it. You can now see its abilities live at Intersec in Dubai on January 17-19.

SmartFace facial recognition platform can support real-time video analysis and facial identification from an unlimited number of cameras and other video sources. Until recently, such operations could only be processed on servers due to the capacity limitations of available chips.

Our most recent advancements allow these facial recognition operations even without upgrades to the existing infrastructure. They can now be performed directly in the cameras and AI boxes, utilizing their neural processing units.

Acting as the main console, SmartFace Platform Platform aggregates all the notifications from particular cameras. This is crucial for the effective management of every camera belonging to the system, watchlist, notifications preview, data analysis, face search, and the like. Although the central console is often performed by the solution vendor, SmartFace facial recognition platform stands out among the alternatives as it offers a ready-to-use system for central management and edge devices.

With our edge processing, high-capacity servers with powerful GPUs are no longer a requirement to deploy face recognition in securing premises and public areas since the heavy lifting is shifted to the edge. As such, the existing infrastructure is often sufficient enough to support a high-performance security or access control system with low power consumption at a fraction of the cost. This can lead to significant reduction in hardware costs by up to 50%, network offload and cost savings, and more flexible deployment options, while maintaining the overall performance on the same level as a GPU-dedicated server.

Running either on premise or in the cloud, SmartFace allows users to manage every camera, AI box and watchlist directly in the field. What’s more, cameras can be used in remote locations with SmartFace Embedded even without internet connection which can be ideal for border control applications. Liveness detection is slated to be added as an extra layer of securing premises.

Innovatrics y NEDAP unen fuerzas: mejora de la gestión de casilleros con la tecnología de reconocimiento facial

Wednesday, November 15, 2023

Innovatrics and NEDAP have seamlessly integrated cutting-edge facial recognition technology into the AEOS locker management system, transforming the landscape of secure storage and access control. This collaboration brings together two industry leaders, each renowned for their expertise, to deliver innovative solutions that address the evolving needs of modern workplaces.

NEDAP, a specialist in physical access control, has a proven track record in providing state-of-the-art solutions for access management. Innovatrics, on the other hand, has gained global recognition for its advanced facial recognition technology, consistently ranking among the world's most accurate and fast algorithms.

The solutions offered by both companies are easily adaptable and compatible with third-party systems. According to Grzegorz Kosik, Regional Partner Manager at NEDAP, "This compatibility is one of the factors driving the seamless integration of Innovatrics' facial recognition technology with the AEOS locker management system. This integration is poised to redefine security and convenience standards in locker management, not to mention the additional flexibility to choose or combine accepted credentials."

The AEOS locker management system, enhanced with Innovatrics' patented facial recognition technology, eliminates the need for keys, keychains, or PINs, providing unparalleled convenience to users. It is a comprehensive, straightforward, and highly secure storage solution that goes beyond mere protection of personal belongings.

This collaboration embodies a shared vision to enhance the security and convenience of locker management solutions. Whether safeguarding personal items or protecting valuable equipment, documents, and deliveries, the combined expertise of NEDAP and Innovatrics promises unmatched solutions.

Stay tuned for updates on this dynamic collaboration and the exciting advancements it will bring.

Top 20 Banking Technology Solution Companies - 2018

Company
Innovatrics

Management
Peter Martiš, Products and Channels Director and Ján Lunter, CEO/CTO, Dušan Očkaik, COO, Michal Fischer, Business Development Director and Matúš Kapusta, Delivery & Solutions Director

Description
Empowers organizations around the world to integrate or build powerful and flexible biometric identification solutions quickly and easily

Innovatrics Facilitating Biometric Authentication through Digital Onboarding Toolkit (DOT)