Are SA’s pension funds secure enough for the two-pot pension system?
The implementation of the two-pot retirement system edges nearer as the NCOP passed the Pension Funds Amendment Bill (on 25 April 2024), incorporating alterations that resolve certain inconsistencies, and bringing it one step closer to fruition on September 1, 2024.
The future of digital identity in South Africa
Unlocking financial inclusion with digital identity
When it comes to accessing essential services, such as national medical care, grants and the ability to vote in elections to shape national policy, a valid identity document is critical.
In South Africa, undocumented citizens are restricted in their ability to collect social grants or go to a hospital. Even those with valid IDs spend hours in queues owing to inefficient and protracted identification processes.
Faster, digitised services would have a transformative impact on the level of financial inclusion of the country’s citizens. iProov’s report Unlocking Financial Inclusion With Digital Identity and Biometric Verification emphasises that digital identity programmes open essential pathways for the unbanked and disenfranchised to access financial and welfare services and, in the case of governments, offer a reduced administrative burden and increased economic growth.
iiDENTIFii Announces Strategic Channel Partnership
South African face biometrics leader iiDENTIFii has announced that local cybersecurity
provider CYBER1 Solutions, will represent their award-winning solution in South Africa. CEO
of iiDENTIFii, Gur Geva, says, “We’re thrilled about the increased momentum our platform is
gaining in the region through this strategic move. Collaboratively, we aim to provide a
greater number of businesses with robust identity verification solutions, safeguarding both
themselves and their customers from the escalating risk of cybercrime.”
SafetyDetectives Interviews Gur Geva, Founder and CEO of iiDENTIFii
In a recent interview with SafetyDetectives, Gur Geva, co-founder and CEO of iiDENTIFii, shares insights into his role and the innovative strides iiDENTIFii is making in biometric digital authentication. Geva, a fervent advocate for leveraging AI and intelligent technologies, emphasizes iiDENTIFii’s commitment to enhancing the security of digital identity in financial services. The discussion delves into the unique aspects of iiDENTIFii’s technology, particularly its groundbreaking 4D Liveness® technology, and its crucial role in safeguarding against sophisticated digital threats like deepfakes.
Tarsus Distribution announces exclusive partnership with iiDENTIFii for the African market
Tarsus Distribution has signed a distribution agreement with iiDENTIFii, a Cape Town-based innovator in biometric technology. The partnership brings the latest in identity verification solutions to the African continent.
How To Contend With AI-generated Image Deception
AI-generated, enhanced and modified imagery is on the rise, leading us to question what’s real and what’s not. In March last year, fake photos of Pope Francis in a white puffer jacket went viral, highlighting the power of AI-generated images. This past week, The Guardian ran an article on how consumers can spot AI-generated images – for now.
The technology behind South Africa’s leading banking apps
A recent survey by one of South Africa’s online tech publications, MyBroadband, has announced South Africa’s leading banking apps, and the top scorers illustrate the technology trends shaping digital financial services.
iiDENTIFii, a South-African born biometric identity verification (IDV) provider has played a pivotal role in the building of the infrastructure for two of these top-scoring banking apps. In working with banks to create practical and intuitive digital experiences, iiDENTIFii has pinpointed the critical focus areas in the market.
“Successful and customer-friendly digital banking can be distilled to two key strengths: user experience and security,” says Gur Geva, co-founder and CEO of iiDENTIFii.