Executive Summary

for KYC Solutions | 2016

What is Scanovate?
Scanovate reinvents the way people interact with documents,
improving the mobile financial journey, thereby helping
millions of users change the way they engage with their
financial service providers.
This functionality is achievable from any camera enabled
smartphone, tablet, or PC. Financial products based on
Scanovate’s platform are currently used by all Israel’s major
banks, servicing over 3 million mobile banking users every day.

In the last 5 years Scanovate developed a high-end mobile
imaging and OCR solutions designed to meet the needs and
requirements of financial institutions. Scanovate’s technology
is designed to identify, detect, and extract almost any form
of formatted textual data from documents in real time.
Globally, Scanovate is the solution of choice for companies
that offer mobile financial services platforms such as Amdocs,
Vector ITC Group, Taleno Mobile, Bank Leumi and is in different
stages of evaluation for deployment by some of the biggest
financial institutions in the world.

What We Do?
Our customized solutions enable our clients to address their
own unique business needs and requirements with a solution
that satisfies the prerequisites of improving user satisfaction
by delivering better user experience.
At the heart of Scanovate’s offering lies its proprietary mobile
imaging platform. This platform was designed to work within
mobile devices as an autonomous client-side solution with
no data or server dependency.

The platform offers:

Content Registration
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Agent assist Biometric Compliance

application validation tool
Because the Customer
Always Comes First
Scanovate’s technology enables customers to access a variety
of capabilities directly from within customers mobile application
and company website as an omni channel solution. Scanovate
transforms previously labor intensive and time-consuming
processes into fast and simple actions, while still collecting
all the data needed for the completion of the process.

Our Unique Proposition

One-Stop Process: simple process design for all mobile devices
enables identification, data extraction and processing from the device.

Proprietary Tool: unique in-house OCR engine, which can be modified

and customized to suit the client’s needs.

No Server Dependency: the entire process is performed on the

client’s device resulting in no server dependency, high performance
speed and accuracy irrespective of session volume.
1/1

No Data Connection Dependency: with no need for an ongoing

data connection, Scanovate is ideal for areas without consistent
data coverage.

Accuracy and Speed: recognizes relevant data in document resulting

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in a fast and accurate process. LN: ROBERT JASON
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Empowering
KYC solutions
When combined with our network of leading third-party data scoring
partners and new biometric capabilities, KYCScan tool kit empowers
service providers by enabling them to provide customers with a fast
and frictionless service experience while maintaining the highest level
of regulatory compliance.
Service Provider A+

Advantages
Real time Biometric Data scoring
verification

 Fast and simple integration AML Anti-spoof ID authentication Age verification

 Zero data security impact

 Scalable performance
Regulatory Plug and play
Audit trail
compliance integration
 Maintain compliance

 Higher conversion rates

Fraud prevention
 Cross platform support

Core Capabilities

ID card scanning Proof of residence Full KYC solution

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Passport scanning Content verification Credit card scanning

Taking the KYC process to the next level of customer

service with a secure, regulated, easy-to-use solution.

31 Hayetzira st. Ramat-Gan, 5252173 Israel, Tel: +972 3 7755011 Fax: +972 3 6917200
www.scanovate.com, info@scanovate.com