Alfabeta Launches e-KYC Feature for the Financial Sector

Alfabeta Solusi Nusantara (Alfabeta) launched an electronic Know Your Customer (e-KYC) feature that can be implemented in the financial industry, such as banking and fintech. This OCR (Optical Character Recognition) and face recognition-based feature scans the data on a customer's Identity Card (KTP), and then matches the customer's face to the photo on the KTP. For the face-matching stage, customers simply take a selfie and upload the photos into the system. To be declared a match, the level of similarity between the selfie and the KTP photo must reach at least 75%. This feature can also be downloaded publicly from Google Play, via the following link:

https://play.google.com/store/apps/details?id=com.alfabeta.e_kyc

The Financial Services Authority (OJK) is also actively emphasizing the importance of using the e-KYC program in identifying customers within the financial industry, to prevent financial crimes such as money laundering or even the financing of terrorist activities. The application of the e-KYC program is set out in POJK 12/2017 paragraphs 3 and 4, which state that face-to-face identity verification can be replaced by electronic verification by financial service providers. Currently, Alfabeta is also in talks with several leading banks in Indonesia to provide the e-KYC feature for these banks. Alfabeta's Chief Executive Officer, Dimas Setyo Utomo, said that this collaboration could be a crucial initial step in Alfabeta's penetration into the banking world, which would later contribute to Alfabeta's journey as an expert in the field of artificial intelligence procurement. This e-KYC feature is also equipped with liveness detection, which functions to verify whether the person using the feature at that time is the person whose ID card has been registered with the system.