Business

OIL:  BRENT - 75.87-3.08 WTI - 70.35-3.23
COMEX:  GOLD - 2073.40-0.25 SILVER - 23.92-1.08
COMEX:  PLATINUM - 985.50-0.95
LME:  ALUMINIUM - 2379.00-0.13 COPPER - 8539.50-0.47
LME:  NICKEL - 16800.00+1.39 TIN - 25425.00-0.29
LME:  LEAD - 2067.00-0.05 ZINC - 2627.00-1.02
FOREX:  USD/JPY - 141.90-0.01 EUR/GBP - 1.096+0.08
FOREX:  EUR/USD - 1.096+0.08 GBP/USD - 1.2639+0.16
STOCKS RUS:  RTSI - 1083.48+0.00
STOCKS US: DOW JONES - 37715.04+0.14 NASDAQ - 14765.94-1.63
STOCKS US: S&P 500 - 4742.83+0.14
STOCKS JAPAN:  NIKKEI - 33464.17+0.00 TOPIX - 2366.39+0.00
STOCKS CHINA:  HANG SENG - 16646.41-2.35 SSEC - 2967.25-0.26
STOCKS EUR:  FTSE100 - 7721.52+0.12 CAC40 - 7530.86+0.10
STOCKS EUR:  DAX - 16769.36+0.01
03/01/2024  CBA:  USD - 405.28+0.49 GBP - 511.67-3.71
03/01/2024  CBA:  EURO - 442.85-5.05
03/01/2024  CBA:  GOLD - 26940.29-108.63 SILVER - 312.00-3.66
May, 2024
May 2024
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
Oz Forensics and Evocabank built protection against biometric attacks
24/03/2023 13:29

Oz Forensics and Evocabank built protection against biometric attacks

Digital transformation and profit: EVOCABANK and OZ FORENSICS partnership

Over two years of successful cooperation, the joint project of Oz Forensics (Dubai) and the digital commercial bank Evocabank (Armenia) has shown its effectiveness and has become an example of the successful use of the latest technologies in banking business processes. Thanks to Oz Liveness and Oz Biometry solutions, the bank was able to attract more than 40,000 new customers without visiting branches.

Mobile banking has made a qualitative and sharp step forward. In confirmation of all the trends, banks have given priority to online customer service and reduced the number of offices. However, remote work requires an increased level of security, as the level of digital fraud increases every year. Modern authentication technologies reduce risks and simplify processes such as registering a new client, opening an account remotely, and obtaining a loan. Customers can use banking services anywhere and at any convenient time. Oz Liveness and Oz Biometry solutions to prevent spoofing and deepfake attacks allowed Evocabank to improve the quality and security of mobile banking in the shortest possible time.

“Thanks to the simple and highly accurate solutions of Oz Liveness and Oz Biometry, our bank attracted more than 40,000 clients from all regions of Armenia in a year. The rate of biometric fraud cases last year was 0.5%. None of the biometric attacks bypassed the system. Oz Forensics protection is directly related to reducing potential losses. Fraudsters try to bypass the biometric system when lending online, thereby increasing the risk of non-performing loans. The use of Oz Liveness technology makes this process not only safe, but also cost-effective,” – Ruben Sagoyan, Head of Digital Business at Evocabank.

Oz Liveness anti-spoofing and Oz Biometry face comparison solutions are built into the bank’s mobile app. Clients go through identification, which identifies a living person in the frame and compares the person’s face with the photo on the document and from the database. The process does not require any effort from the client and takes less time than taking a selfie.

“Preventing fraud using biometric attacks by identifying a live person in the frame is one of the main elements of our product line,” says Artem Gerasimov, CEO of Oz Forensics. – Our solutions are ISO-30107 and iBeta NIST level 1 and 2 certified, they are able to recognize and distinguish a fake from a real person. This is a huge advantage for both the bank and the client. Together with Evocabank, we have built a fast and reliable process for establishing business relationships with a bank client.”

Cooperation between Oz Forensics and Evocabank is not just a solution implementation, but a promising project. The Company and the Bank intend to continue to cooperate in the implementation of the Bank’s strategy – the development of a portfolio of digital financial services using biometric identification.

————

Evocabank provides fast, simple, innovative services and stands out by active use of the latest information technologies. It`s focus is on developing mobile services. They work in mobile-first format, taking into account the convenience of using it via app first when designing a new service. The world is becoming digital, and Evocabank is ready for that.

Oz Forensics is a global leader in preventing biometric and deepfake fraud. The flagship products, Oz Liveness and Oz Biometry, play a critical role in helping the world’s best organizations defeat biometric attacks and verify and onboard customers securely. Oz Forensics tools are crucial in supporting global enterprises and governments to mitigate fraud, meet compliance mandates and deliver outstanding service. Its signature product, Oz Liveness, has been validated by the industry’s most rigorous compliance testing standard, ISO 30107-3 certification by iBeta Quality assurance, and received a Level 2 certificate with a 100% detection accuracy result.

AED Converter
10:30 03/01 Buy Sell
AED / USD 3.660 3.690
AED / EUR 3.867 4.178
AED / CNY 0.509 0.519
dollars
dollars
Gold Rates
08:39 03/01
AED
24K Gold
249.25
-0.40
22K Gold
230.75
-0.43
21K Gold
223.50
-0.33
18K Gold
191.50
-0.39
AED Rates
08:39 03/01
AED/USD
3.672500
+0.00%
AED/EUR
4.010347
-0.30%
AED/GBP
4.638409
+0.06%
AED/CNY
0.515118
-0.13%
AED/BHD
9.767287
+0.00%
AED/INR
0.044078
-0.02%
AED/IDR
0.000236
-0.42%
AED/IRR
0.000087
+0.00%
AED/JPY
0.025699
-0.69%
AED/KWD
11.939060
-0.01%
AED/OMR
9.539482
+0.00%
AED/PKR
0.013023
-1.21%
AED/QAR
1.008929
+0.00%
AED/RUR
0.040168
-1.15%
AED/SAR
0.979333
+0.00%
AED/SGD
2.765048
-0.13%
AED/CHF
4.298605
-0.65%
AED/TRY
0.123291
-0.15%
Cryptocurrencies
10:30 03/01
BTC/USD
45200.44
-0.23%
ETH/USD
2377.99
+0.40%
BCH/USD
259.38
-0.02%
XRP/USD
0.636437
+1.25%
LTC/USD
73.30
-0.53%
BNB/USD
317.07
+2.31%
DOGE/USD
0.091655
-0.17%
ETH/BTC
0.052606184
+0.66%
BCH/BTC
0.005737959
+0.23%
XRP/BTC
0.000014079
+1.51%
LTC/BTC
0.001621575
-0.27%
BNB/BTC
0.007014367
+2.57%
DOGE/BTC
0.000002028
+0.10%
FOREX
08:39 03/01
EUR/USD
1.096
+0.08%
GBP/USD
1.2639
+0.16%
USD/JPY
141.90
-0.01%
EUR/GBP
0.8668
-0.07%
Oil
08:39 03/01
$ / barrel
Brent
75.87
-3.08%
Light Sweet
70.35
-3.23%
COMEX
08:39 03/01
$ / tr. oz
Gold
2073.40
-0.25%
Silver
23.92
-1.08%
Platinum
985.50
-0.95%
Gulf Stocks
15:56 03/01
points
DFM General
4078.00
-0.32%
ADX General
9716.00
+1.34%
BB All Share
1964.00
+0.36%
Kuwait SE Price
6951.00
+0.56%
Tadawul
11973.00
-1.24%
QE Index
10407.00
-2.81%
MSM 30
4580.00
-0.20%
Indexes
08:39 03/01
point
Dow Jones
37715.04
+0.14%
S&P 500
4742.83
+0.14%
NASDAQ
14765.94
-1.63%
FTSE
7721.52
+0.12%
CAC 40
7530.86
+0.10%
DAX
16769.36
+0.01%
RTSI
1083.48
+0.00%
Nikkei
33464.17
+0.00%
Topix
2366.39
+0.00%
Hang Seng
16646.41
-2.35%
SSEC
2967.25
-0.26%