Trusted ID Verification, In The Palm of Your Hand
The Invisible Threat: Why Identity Fraud is Everyone’s Problem In our increasingly interconnected world, your identity is your most valuable asset. From banking and commercial transactions to professional communications, every interaction relies on trust. But what happens when that trust is broken? Identity fraud is a rapidly growing threat, costing businesses and individuals billions each year. It’s not just a technical issue; it’s a security risk that can erode customer confidence, compromise sensitive data, and expose organisations to significant financial and reputational damage. Unmasking the Culprits: How Identity Fraud Happens Fraudsters are constantly evolving their tactics. They may use stolen or falsified physical documents, or even counterfeit MyKad cards, to impersonate a legitimate person in a physical setting. The worst part? Many of these attempts go undetected until it’s too late. IRIS NOMAD: Your First Line of Defence Against Impersonation IRIS NOMAD serves as the critical first line of defence against impersonation by moving beyond simple visual inspection of an ID card. As a single, portable tablet, NOMAD combines smart card and e-passport reading with comprehensive biometric verification to instantly and reliably confirm a person’s identity during in-person interactions. It is designed to expose fraudulent attempts that a human eye might miss, making it a powerful tool for safeguarding your business. Here’s how NOMAD helps protect you and your business: Making Fraud Much Harder: Instead of relying on something easy to fake, NOMAD uses a secure, multi-step process to verify identity. This makes it incredibly difficult for a fraudster to trick the system, even if they have some of your personal information. Knowing Who You’re Dealing With: When you’re handling important transactions, you need to be certain about the person in front of you. This is where NOMAD shines. As an all-in-one verification tablet, it gives you a reliable way to check a person’s identity on the spot. By simply using the tablet to read the MyKad, retrieve the official photo and details, and verify a live fingerprint against the one on the card’s chip, NOMAD ensures you’re only working with legitimate individuals. Saving Time and Preventing Mistakes: Manual checks of ID cards can be slow and prone to human error. NOMAD automates this entire process, giving you a smooth, fast, and secure experience. This lets your team focus on their main jobs while the tablet handles the complex identity check with perfect accuracy. Seamless Integration, Tailored to You Every organisation has its own processes, systems, and security requirements. That’s why IRIS NOMAD isn’t just a standalone device—it’s designed to be flexible and customisable. Whether you’re in banking, government services, healthcare, or telecoms, NOMAD can be configured to fit your specific workflows. Its open architecture makes it easy to integrate with existing platforms, ensuring a smooth deployment without disrupting what you already have in place. Building a Foundation of Trust In today’s fast-paced economy, security and efficiency are not mutually exclusive. By leveraging a powerful tool like NOMAD, organisations can build a foundation of trust that protects their data, secures their transactions, and empowers their employees to work with confidence. It’s more than just a security solution; it’s a commitment to a safer and more secure future for everyone.
IRIS Achieves 3-Star in FTSE4Good ESG Rating
IRIS Achieves 3-Star in FTSE4Good ESG Rating IRIS Corporation Berhad was awarded a 3-Star rating in the 2024 Environmental, Social, and Governance (ESG) Ratings for Bursa Malaysia listed companies. This assessment was conducted by FTSE Russell under its ESG Ratings Methodology as part of the FTSE4Good Bursa Malaysia Index (F4GBM) framework, which evaluates the ESG performance of Malaysian PLCs. This rating underscores IRIS’s strong commitment to responsible, ethical, and sustainable business practices as we continue to enhance our ESG performance in line with stakeholder expectations. Further details are available in the full list of assessed ACE Market PLCs published by Bursa Malaysia.
Enhancing Security with Thumbprint Verification Solutions
Enhancing Security with Identity and Thumbprint Verification Solutions In today’s fast-paced digital world, ensuring the security and authenticity of customer identities is paramount. Organisations are constantly seeking robust solutions to protect against identity fraud and unauthorised access. One of the most effective methods to achieve this is through identity and thumbprint verification solutions. How Thumbprint Verification Works Thumbprint verification, also known as biometric verification, involves capturing and analysing a person’s thumbprint to confirm their identity. This method is based on the uniqueness of each individual’s thumbprint, making it nearly impossible to duplicate or forge. Here’s how it works: Capture The customer places their thumb on a fingerprint scanner, which captures the thumbprint data. Extraction The system extracts unique features from the captured thumbprint. Comparison The extracted features are compared against the stored thumbprint data in the system or template stored in the ID card. Verification If the features match, the identity is verified; otherwise, the system flags a discrepancy. Benefits of Identity and Thumbprint Verification Solutions Enhanced Security Thumbprint verification provides a higher level of security compared to traditional methods. The unique biometric data ensures that only the authorised individual can access the service or perform transactions. Improved Customer Experience The process is quick and seamless, reducing the need for multiple documents and lengthy verification procedures. Customers can enjoy a smoother onboarding experience. Fraud Prevention By leveraging unique biometric data, businesses can significantly reduce the risk of identity fraud and unauthorised access. Regulatory Compliance Thumbprint verification helps businesses comply with stringent regulatory requirements for identity verification, ensuring that they remain on the right side of the law. Implementing Thumbprint Verification in Your Business Integrating thumbprint verification into your KYC process requires the right technology and infrastructure. Here’s a brief overview of the steps involved: Choose the Right Hardware Select a reliable fingerprint scanner that can capture high-quality thumbprint data. Utilise SDKs and APIs Implement software development kits (SDKs) and application programming interfaces (APIs) provided by the hardware manufacturer to integrate thumbprint verification into your system. Data Security Ensure that the captured thumbprint data is securely stored and encrypted to protect against breaches and unauthorised access. Testing and Deployment Rigorously test the system to ensure accuracy and reliability before deploying it across your business operations. Incorporating identity and thumbprint verification solutions into your KYC process is a strategic move towards enhancing security, improving customer experience, and ensuring regulatory compliance. As digital transformation continues to reshape industries, adopting advanced verification technologies will position your business as a leader in security and innovation.Embrace the power of thumbprint verification and take your KYC process to the next level. Your customers will appreciate the added security and convenience, and your business will benefit from reduced fraud and streamlined operations.
We have Officially Joined Forces with Persatuan ESG Malaysia
We have Joined Forces with Persatuan ESG Malaysia (ESG Association of Malaysia, ESGAM) We are proud to announce our membership in the ESG Association of Malaysia (ESGAM). This strategic partnership underscores our commitment to integrating sustainable business practices throughout our operations and contributing to a more responsible future. Shared Values and Collaboration ESGAM’s comprehensive training programs and industry-wide expertise align perfectly with IRIS’s ongoing pursuit of ESG excellence. Through this membership, IRIS gains access to: Collaborative Network: Contribute to sustainable development efforts as part of a well-established international network. Enhanced Expertise: Participate in industry-leading training programs to strengthen our ESG proficiency. Best Practice Guidance: Benefit from the knowledge and experience of ESG professionals across diverse fields. Valuable Resources: Gain access to a comprehensive suite of ESG-related tools, resources, and training programs. Stakeholder Engagement: Connect and collaborate with a community of organizations sharing similar sustainability goals. About ESGAM ESGAM is a leading non-governmental organization dedicated to fostering a robust and equitable Environmental, Social, and Governance (ESG) ecosystem in Malaysia. Their mission centers around connecting and empowering stakeholders across various industries, promoting collaboration, and driving positive change for a sustainable future. More about ESGAM
IRIS inks RM167.61mil Tanzanian deal
IRIS Corp Bhd has signed a contract addendum worth RM167.61mil with the Tanzanian National Identification Authority (NIDA) for the delivery of e-Identification (eID) cards and services for Tanzanian citizens. In a statement yesterday, IRIS Group Chief Executive Officer Shaiful Subhan said the company was first awarded with a contract by NIDA to supply Tanzanian national eID cards and services in April 2011. “Moving forward, we will continue to make a conscious effort to grow our business both locally and internationally while working towards delivering on our existing projects at hand.” Source The Star; Corporate News, March 30, 2022 Iris inks RM167.61mil Tanzanian deal | The Star
SCR51U – A valuable companion for ID cards
Smart cards and smart card readers rely on each other to work. Identity and other information stored on smart cards, especially on government-issued identification cards, can be easily and reliably verified using suitable smart card readers. Smart card readers are indispensable in any identification system and cycle. At the same time, identification processes are the cornerstone to most digital structures especially in Malaysia where the MyKad national ID is the most common form of digitalised credential. When selecting a smart card reader for verifying MyKad, businesses are encouraged to pay attention to the device’s key features such as:• reads contact cards• ease of use with a vertical slot• plug and play capability offering PC/SC (Personal Computer/Smart Card) compliance and CCID (Chip Card Interface Devices) functionality IRIS SCR51U The IRIS SCR51U offers all these features, and more, packed into a sleek device designed for easy vertical card reading. Check out IRIS Smart Card Reader SCR51U video here > SCR51U is especially useful in these commercial settings where identity verification is required. Accounting firms Commissioners for Oaths Company secretaries Law offices Leasing business Licensed money lenders Licensed casino Licensed gaming Notary Public Pawn brokers Real estate agents Trust companies Users and satisfied customers who are enjoying benefits of SCR51U contact card reading/writing include:
Why KYC matters
Do you want to: Minimise the risk of identity fraud?Verify who exactly you are doing business with?Increase efficiency and decrease human errors? It is very likely that you have heard of KYC (Know Your Customer) or perhaps you know that KYC refers to a set of practices carried out by the banking and financial services industry to verify the identity of their customers or clients in compliance with legal requirements and current laws and regulations. KYC processes can and should be used in any industry. It is especially relevant in the financial and banking industry as well as related sectors such as insurance, real estate, legal services and even trading. For the banking and financial industry, KYC is key to customer onboarding as a deterrent to identity fraud and to facilitate AML controls and related regulatory standards. Other industries and businesses have had to accelerate KYC processes digitally and remotely to be able to continue operating in a continually evolving global health crisis. Around the world, KYC processes are carried out both remotely online and in-person at a commercial office or store. When it is done remotely and online, or the process has been digitalised, it is known as eKYC (electronic Know Your Customer) processes. Often times, KYC regimes begin with authenticating and verifying customers against their identification documents. In Malaysia, the primary citizen identification document is the government issued MyKad. Identity verification and authentication using national Identity documents can easily and reliably be done using smart card readers. Any business or organisation can quickly and conveniently kick-start or upgrade any digital or automated processes with the sleek SCR50U. Check out IRIS Smart Cart Reader SCR50U video here: Some of IRIS SCR50U’s users and satisfied customers who are enjoying benefits of contact card reading/writing include: Asis Technologies (M) Sdn Bhd Bank Pertanian Malaysia Berhad Flex Software Consulting Sdn Bhd Flexi Team Computer Services Sdn Bhd Greenwich Alliance Sdn Bhd Ideal Marine Sdn Bhd Innovator Solutions Sdn Bhd KMS Autocount Sdn Bhd Medexone Global Sdn Bhd MyMit Integration Sdn Bhd Percetakan Keselamatan Nasional Interested to know more about our smart devices and offerings? You can find out more here:
Do you love software programming?
Do you love software programming? Are you always thinking of newer and better ways of doing things? We have a few exciting opportunities for PROGRAMMING specialists who are looking to advance their career and gain valuable experience in a dynamic and high-performing workplace. Find out more here.
IRIS Corp announces ISO 14001:2015 environmental management certification
Kuala Lumpur, 27 August 2020 – IRIS Corporation Berhad, stalwart in the identification industry, announces their compliance and International Organization of Standardization (ISO) 14001:2015 Environmental Management certification. Sustainability is an aspect IRIS continuously works on and successful ISO 14001 certification is indeed significant. What does ISO 14001:2015 mean for IRIS? The standard specifies the requirements for an environmental management system for IRIS to continually enhance its environmental performance; IRIS is able to manage its environmental responsibilities, by addressing risks and opportunities, in a systematic manner that contributes to the environmental pillar of sustainability; The standard helps IRIS achieve the intended outcomes of its environmental management system, which provides value for the environment, and its stakeholders. Major benefits of ISO 14001:2015 environmental management for IRIS include improved resource efficiency, waste reduction as well as costs efficiencies. The standard also provides assurance that environmental impact is being measured and that environmental obligations are managed consistently. In turn, these benefits improve and increase trust from stakeholders of IRIS as the company gains a competitive advantage in its markets and industry, which then leads to new business opportunities.
IRIS COMPLETES FINAL TRANCHE OF PRIVATE PLACEMENT
Final tranche subscribed by AIA Berhad Kuala Lumpur, 24 December 2021 – IRIS Corporation Berhad (“IRIS”), an MSC-status technology innovator and leading provider of Trusted Identification (ID) products and solutions announced today that it has successfully completed its private placement exercise of 296,628,000 new IRIS shares (“Placement Shares”).This final tranche of 74,000,000 Placement Shares, representing approximately 2.27% of the enlarged share capital was subscribed by an insurance fund, AIA Berhad. The Group has raised a total of RM71.16 million under the private placement exercise, where the proceeds will be utilised for working capital requirements, in accordance with the announcement made on 23 June 2020. ABOUT IRIS CORPORATION BERHAD IRIS Corporation Berhad (“IRIS”) incorporated in 1994 is an MSC-status technology innovator and leading provider of Trusted Identification (ID) products and solutions. Since pioneering the world’s first ePassport in 1998, the Group has set itself apart as a dedicated end-to-end integrated solutions provider for eID, ePassport, eVisa, Automated Border Control, smart cards, secure documents, smart devices and other Trusted ID solutions that are highly reliable, secure and holistic.IRIS has expanded its global footprint to 34 countries and will continue to strive to increase their international presence for diverse markets and consumers. The Group is listed under the Technology Sector (Name & Code: IRIS & 0010). Click here for full notice.