Incode, the next-generation identity verification platform, today announced the appointment of Spectrum Edge as its first Malaysian reseller by signing a Memorandum of Understanding (MOU) to bring one of the world’s most powerful identity solutions, Incode Omni, to Malaysia as it continues to expand rapidly in Asia – Pacific Rim.
Incode is a Fintech Power 50 company and an industry leader in privacy-centric identity verification for global enterprises. The Omni platform is used by the world’s largest financial institutions, governments, marketplaces, hotels and hospitals to customize their user experience at scale while dramatically reducing security and fraud risks. With its unique passive liveliness technology, word class facial recognition and advanced deep learning techniques, Incode Omni meets the most stringent compliance and security standards for global brands such as Jumeirah™ Hotels, Rappi and Citi.
Malaysia is a key market for Incode and Spectrum Edge in Asia Pacific as the country’s digital economy continues to grow. The Malaysian government’s approach to boosting the country’s economy could be based on fully utilizing digital technologies to create an annual economic value of MYR 257.2 billion by 2030.
By 2025, almost 90 percent of the Malaysian population is expected to have access to the internet. As a step towards becoming a digitally driven country, the Malaysian government announced in 2021 that it would fully adopt identification technology to improve the IT systems and infrastructure of the national registration body.
Spectrum Edge, a Malaysian-owned, locally born and raised company, has over two decades of cybersecurity experience in Malaysia. Spectrum Edge is a trust-built company with a focus on customer satisfaction and has built a strong presence in major financial services institutions, telcos, public sectors and large corporations.
Andre Stewart, Vice President, EMEA & APAC, Incode, said: “For our foray into a large market like Malaysia, it is an easy decision to work with Spectrum Edge given their deep technical expertise and track record of deploying cutting-edge disruptive technologies its large customer base in the sectors that Incode focuses on. Together we recognize the immense potential to transform the way people interact with businesses and verify their identities in their daily lives, as well as the need for privacy. core approach for businesses looking to deliver a seamless digital experience that is compliant with regulatory requirements. We are confident that with the support of Spectrum Edge, we will accelerate our growth in Malaysia as we aggressively expand to meet the demand for our offerings in the to satisfy Asia-Pacific.”
Mohamad Reza Ab Hamid, Managing Director of Spectrum Edge, said, “Our customers continually strive to accelerate their business growth by digitally differentiating the customer experience. Your urgency to explore advanced and secure identity verification and management solutions as we emerge from the pandemic from financial institutions that comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations while simplifying and expediting onboarding processes to airlines planning to upgrade their liveness detection technology, we are excited and confident that Incode’s best-in-class solutions and breakthrough technologies are exactly what our customers want to implement in their highly competitive industries.”
