Regula Forensics (Regula) - Experts & Thought Leaders

Regula, a global developer of forensic devices and identity verification solutions, and CacaoTech, a pioneering technology consulting company in Ecuador, partnered to innovate the document signing process in Ecuador’s private severance fund, Fondo de Cesantía de la CTE. This has resulted in a 43% reduction in time and operational costs, while significantly enhancing the user experience. Digital interactions CacaoTech raised remote identity verification and facial recognition via the BioTech Validator CacaoTech partnered with Fondo de Cesantía de la CTE to transform their documentation process by shifting to digital interactions. Previously, applicants had to visit the fund’s offices for document signing, which limited access.  To address this, CacaoTech introduced remote identity verification and facial recognition through the BioTech Validator, now integrated into the Fondo Fácil app, enhancing user experience and efficiency. Identity verification (IDV) solution As a core technology for its solution, CacaoTech chose a complete identity verification (IDV) solution from Regula: Regula Document Reader SDK and Regula Face SDK. This allowed it to cover both document and biometric (facial) verification, making the process entirely digital, remote, and secure. With the new system in place, users can now: Scan or capture an image of their Ecuadorian national identity card, which is instantly recognised and validated by Regula Document Reader SDK. Undergo biometric verification, where Regula Face SDK compares the official document portrait with a selfie taken during onboarding, ensuring the user is the rightful ID holder. Securely sign digital transactions such as loan applications, promissory notes, and additional contribution requests. Implementation of the digital IDV solution The implementation of the digital IDV solution was completed within eight weeks, with support from Regula’s team. As a result, Fondo de Cesantía de la CTE immediately noted significant improvements across several key areas: Enhanced usability. The digital process enabled quick and efficient validation of documents and identities, providing a seamless experience for users and administrators alike. Increased security. Automated identity verification reduces the risk of identity theft and fraud, ensuring the authenticity of all transactions. Higher efficiency. Time spent on participant procedures was reduced, accelerating the processing of loans and other services. Time and cost savings. The new system resulted in a 43% reduction in time and operational costs, freeing up the fund’s resources for higher-value tasks such as strategic analysis and customer acquisition. Improvement of services “We are pleased to receive positive feedback from our participants who now use our Fondo Fácil application and attest to the improvement of our services and 100% digitalisation from anywhere in Ecuador." "We will continue working to implement cutting-edge technology,” says Emilio Legarda, Chief Executive Officer at Fondo de Cesantía de la CTE. BioTech Validator implementation “We are extremely satisfied with the success of the BioTech Validator implementation. The project met all objectives and timeframes, significantly improving the fund’s operational efficiency and reducing errors through automation." "Regula's solutions played a critical role in this achievement, providing robust document and biometric verification that enhanced the participant experience and ensured greater security,” says Douglas Quintero, Chief Executive Officer at CacaoTech. ID verification solutions Ihar Kliashchou, Chief Technology Officer at Regula, added: “We are proud to support the digital transformation of Fondo de Cesantía de la CTE. Our ID verification solutions empower organisations to offer secure, fully remote services while enhancing the experience of people using the severance fund." "This project highlights how technology can simplify complex processes, mitigate fraud risks, and save both time and money.”

Regula, a developer of forensic devices and identity verification solutions, prepared a dedicated package of expert articles focused on document verification, tailored to meet the needs of carriers, border verification authorities, the hospitality industry, and businesses during the 2024 Olympics. These resources aim to address the unique challenges posed by the influx of international visitors, ensuring seamless and secure experiences for all. Security and access management France anticipates a significant boost in tourism and economic activity during the 2024 Olympics France anticipates a significant boost in tourism and economic activity during the 2024 Olympics, with over 10 million visitors projected to generate an estimated €3 billion in revenue. This massive surge in visitors will not only increase the risk of fraud targeting consumers and businesses but also pose substantial challenges for security and access management. The influx of international guests underscores the critical need for advanced and comprehensive Identity Verification (IDV) systems. Properly verifying and authorising everyone at every stage of their Olympic journey is essential for maintaining security and ensuring smooth access to event venues and services. Addressing Carrier Requirements for Advance Passenger Information With recent EU regulations mandating the collection of advanced passenger information, carriers face unprecedented challenges. The topic, "How Carriers Can Tackle New Requirements for Gathering Advance Passenger Information," provides comprehensive insights and practical solutions to help carriers comply with these regulations efficiently. As the Olympics are hosted in France, this information is crucial for ensuring smooth travel experiences for millions of visitors. Professional Border Verification Techniques Border control is a critical component of international events. The resources include: "How to Verify a Passport Like a Pro": A detailed guide on the best practices for passport verification. "How Regula Creates the Most Full and Detailed Document Reference System": An in-depth look at how Regula's advanced technology supports border control authorities with the most comprehensive document reference systems available. It contains templates of passports, ID cards, visas, banknotes, coins, driver’s licences, and vehicle documents from all over the world. To gain a better understanding of the verification tools needed, from border controls to customer authorisation by businesses, check the article “Regula ID Document Templates Database vs. Information Reference System”. These topics are designed to empower border officials with the knowledge and tools needed to maintain security while facilitating the flow of visitors. Transforming Travel & Hospitality with Data Entry Automation In the hospitality sector, efficient check-ins are vital for a positive guest experience. At the same time, manual entry of ID details in hotels can often cause long lines, messes, and delays. The topic, "How Data Entry Automation Transforms Travel & Hospitality," highlights the latest innovations in reader technology and software. It provides examples of automated check-in processes and calls to action for hospitality businesses to leverage these advancements for a competitive edge. Solving Business Challenges of Foreign Documents Verification Businesses are facing an increase in the number of international customers, and the smart ones have started adapting to the challenges of verifying foreign documents. The article, "Foreign ID Document Verification for Businesses,” offers practical advice and solutions for businesses to navigate these complexities, ensuring they can confidently verify the identities of international customers.

Regula, a global developer of forensic devices and identity verification solutions, has improved the onboarding process for Maza, a fintech company dedicated to providing new immigrants in the U.S. with rapid access to essential financial services.  By integrating Regula Document Reader SDK and Face SDK, Maza has established a streamlined, secure identity verification process, enhancing customer experience and reducing onboarding costs by 50%. Maza assists newcomers to the USA with obtaining an Individual Tax Identification Number (ITIN), which allows them to file taxes, gain access to the US financial system, and more while waiting for their Social Security Number (SSN). The core part of Maza’s services is the Know Your Customer (KYC) process, which helps verify the identities of around 5,000 clients every month. Partnered with Regula  Maza initially implemented special technology from an IDV solutions provider For this purpose, Maza initially implemented special technology from a digital identity verification (IDV) solutions provider. However, the company faced a number of issues, such as too many false negatives and positives, not enough control over the IDV process, and limitations on customer experience. All of this led Maza to seek a more controlled and reliable IDV solution. After extensive market research, Maza partnered with Regula to implement a single-vendor comprehensive IDV solution covering document and biometric verification. The set of Regula Document Reader SDK and Regula Face SDK met Maza’s requirements both in technology and price and allowed it to build a robust identity verification system. How the verification is done Regula Document Reader SDK automatically identifies the paper type, reads and verifies its data Thanks to the implementation of Regula’s solutions, the identity verification process for Maza’s customers is now straightforward and efficient: a person just scans their ID and takes a selfie. Regula Document Reader SDK automatically identifies the document type, reads and verifies its data, and cross-checks all information to detect any inconsistencies or alterations that may indicate fraud. As long as the solution relies on Regula’s proprietary and most comprehensive identity document template database, it is capable of recognising and verifying a great variety of IDs from 250 countries and territories. In its turn, Regula Face SDK matches a person’s selfie with their portraits in the documents to prove the person is the same and performs a liveness check to ensure that the company is onboarding a real live person, not a fraudster who uses masks, video injections, or screen replays. It takes mere seconds to complete, and a new client has access to the full range of Maza’s services. Implementation of Regula's solutions took just six weeks, and they significantly improved Maza's KYC processes. Results Key benefits include: 50% reduction in cost per customer onboarding, which has made the process more affordable and efficient; improved document verification and liveness checks, which has reduced the number of verification issues; enhanced user experience, which has eliminated friction. Importance of precise identity verification “Our cooperation with Regula enabled Maza to adapt swiftly to the needs of our growing customer base. The robust and reliable identity verification system built with Regula Document Reader SDK and Regula Face SDK has significantly improved our onboarding process, reducing costs and enhancing the overall user experience. As a result, we can now focus on higher-value tasks and improve customer satisfaction,” says Siggy Bilstein, CTO & Co-founder at Maza Financial. “We understand the critical importance of precise identity verification, especially if it is about granting access to fundamental financial services. Our extensive document knowledge and advanced IDV technologies help our customers stay ahead of the evolving landscape of identity fraud. We are happy to partner with Maza and support them in ensuring that new U.S. immigrants can securely access essential services with confidence and ease,” says Ihar Kliashchou, Chief Technology Officer at Regula.