Incode has appointed Spectrum Edge as Malaysian reseller
Incode has chosen Spectrum Edge as its first Malaysian reseller, bringing Incode Omni to the country as the company continues to expand across Asia Pacific.
Highly regarded in the industry, Incode is a Fintech Power 50 company offering privacy-centric identity verification to global enterprises.
The partnership comes after the two companies signed a Memorandum of Understanding.
Some of the world's largest financial institutions, as well as governments, marketplaces, hotels and hospitals, use the Omni platform to customise their user experiences at scale while significantly minimising security and fraud risk.
The offering comes with unique passive liveness technology, facial recognition, and deep learning techniques to meet the most rigorous compliance and security requirements.
"For our foray into a large market like Malaysia, it is an easy decision to partner with Spectrum Edge given its extensive technical expertise and track record in deploying cutting-edge disruptive technology to its large customer base in the sectors that Incode focuses on," says Andre Stewart, EMEA and APAC Vice President, Incode.
"Together, we recognise the immense potential to make a difference in the way people interact with businesses and verify their identities in their everyday lives, as well as the need for a privacy-centric approach for companies that seek to offer a seamless digital experience that meets regulatory obligations.
"With Spectrum Edge's support, we are confident that we will supercharge our growth in Malaysia as we expand aggressively to meet the demand for our offerings across the Asia-Pacific region."
Spectrum Edge is a Malaysian-owned, locally born and bred company with over 20 years of experience in the country's cybersecurity industry.
The company is built on trust, prioritising customer satisfaction and has also established a strong presence in prominent financial service institutions, telcos, public sectors and large enterprises.
"Our customers are constantly looking to accelerate their business growth by differentiating the customer experience digitally. Their urgency to explore advanced and secure identity verification and management solutions, as we emerge from the pandemic, has further intensified," says Mohamad Reza Ab Hamid, Managing Director, Spectrum Edge.
"From financial institutions that are looking to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations while simplifying and speeding up onboarding processes, to airlines planning to upgrade their liveness detection technology, we are excited and convinced that Incode's best-of-breed solutions and disruptive technology are what our customers are looking to implement in their highly competitive sectors."
Malaysia is a key market for both companies in Asia Pacific as the country's digital economy continues to expand.
The Malaysian government's approach to boosting the country's economy could depend on using digital technologies to their full benefit to generate an annual economic value of MYR 257.2 billion by 2030.
Further, almost 90% of the Malaysian population is expected to have access to the internet by 2025.
The Malaysian government is moving towards becoming a digitally-driven country and, in 2021, announced that it intends to fully adopt identification technology to improve the IT systems and infrastructure of the national registration department.
