Melissa, a leading provider of global contact data quality and identity verification solutions, today announced its strategic partnership with Scanovate, a digital identity management platform bringing dynamic, real-time tools to compliance initiatives. Scanovate empowers businesses to interact with mobile device users, offering frictionless onboarding while meeting compliance concerns as the first step in managing risk. Melissa’s data quality and identity assurance technologies are pre-integrated into the Scanovate platform, powering trusted relationships, entity resolution, and compliance in areas of Anti-Money Laundering (AML), fraud prevention, and Politically Exposed Persons (PEP), as well as Office of Foreign Assets Control (OFAC) and Bank Secrecy Act (BSA) regulations.
Scanovate’s identity management platform is an automated tool that enables compliance officers to streamline and accelerate processes, delivering exponential cost savings and faster time-to-value across the enterprise. While manual onboarding may take as long as 96 hours, Scanovate can complete the process in eight seconds.
“The synergy behind this partnership is demonstrated by the convenience, cost-effectiveness, and fast deployment available to end-users worldwide. Our identity management tools now extend beyond KYC efforts to verify data, and align nicely with Scanovate’s proprietary technologies for additional services such as passport scanning and validation,” said Bud Walker, vice president, enterprise sales and strategy, Melissa. “Together we’re addressing the need for real-time service, ensuring compliance with active data quality that enables a 360 degree view of the customer.”
Scanovate’s technology set includes optical character recognition (OCR) technology distinguished by its 99.7 percent accuracy rate, unique on the onboarding landscape. Scanovate’s proprietary facial biometric engine connects an individual to a document via a live spoof-tested video selfie, providing users with a fast and secure way to access and engage with personal or sensitive data.
“Scanovate is reinventing the way people control their identity by revolutionizing dynamic identity asset management,” said Izhar Arieli, CEO, Scanovate. “Our joint venture with Melissa provides financial institutions with an intuitive and automated GDPR-compliant solution that spearheads the digital verification, identification, and authentication sphere.”