Appro adopts the use of MOI digital verification face gateway on its platform
By Leandra Monteiro
In cooperation with the Ministry of Interior, UAE, Appro Retail Banking Onboarding FZ LLC, an intermediate company in registering individuals to banking and financial services applied the MOI digital verification face gateway on its platform.
The service aims at creating a seamless experience that provides customers seeking individual banking loans more options and improves the efficiency of proceedings, and reducing customer-onboarding costs to banks, financial and non-financial institutions.
Appro is an intermediate digital platform that provides banks with reliable customers identified through the MOI digital verification face gateway. Appro is a UAE FinTech that uses this service to register customers instantaneously and securely to obtain financial services thus contributing to enhance the efforts to combat fraudulent operations.
Through the digital platform, UAE nationals and residents may apply for individual financial and banking products, including loans, by visiting the platform, taking a personal photograph and uploading a copy of their Identification Cards. The embedded tool in the basic system will protect the privacy of the customer by matching the individual’s photo through the MOI digital verification face gateway. If the customers face photos successfully match, the Appro application will send a text message with an identification code to the customer’s registered mobile number for verification. The customer can then complete the application process in less than three minutes.
“The cooperation with the United Arab Emirates Ministry of Interior is in line with the UAE leadership’s vision for a digital economy. The current eco-system in the UAE provides an opportunity for Fintech companies to reach innovative solutions such as Appro, which at the end of the day will provide an all in all simplified and better experience to UAE nationals and residents,” said Iftekhar Salim, Appro, CEO.
Lt. Colonel Dr. Ahmed Saeed Al Shamsi, Head of the Artificial Intelligence Systems and Services Development Team at the General Directorate of Security Support, UAE Ministry of Interior said, “The Ministry strives to employ and invest in modern technologies to develop services in a creative manner according to the Government directives to adopt the best technologies in digital services. The MOI has developed the digital verification face gateway within its work system to enhance the pioneering government work process by providing smart solutions that exceed customer expectations and to maintain the journey of safety and security.”
He expressed his hope that the MOI digital verification face gateway would provide solutions to enhance the UAE digital agenda and provide services with a bigger impact on the financial sector and other sectors to provide more convenience to UAE nationals and residents in line with the Ministry of Interior’s efforts to enhance services’ efficiency to address cybercrime threats.
IBSi Daily News Analysis
March 24, 2023
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