Leading one-stop e-government solutions provider MyEG Philippines (MyEG) partners with Hong Kong-based Finda International Consultancy & Management (Finda) for a unique real-time mobile cross-border authentication services to the Philippines.
In response to the growing fintech market, the Philippine government’s Department of Finance continues its commitment to cutting the red tape and improving the ease of doing business in the country. It has successfully linked up with Association of Southeast Asian Nations (ASEAN) member countries with the ASEAN Single Window System (ASW). This initiative targets to ease the electronic exchange of cross-border trading documents among the 10 member-states.
As a champion of government services online automation, MyEG teams up with Finda, a recognized innovator in information technology security, to provide an efficient and economical border access and control, and to broaden applications to cross border financial transactions.
Technical standard for digital authentication
Finda owns a Live-Facial-Recognition (LFR) system that serves as a technical backbone for real-ID authentication solutions for various government agencies, financial institutions, and health insurance firms in Asia.
Finda’s technology was granted a proof-of-concept (POC) by the Monetary Authority in Singapore (MAS) and the POC was completed satisfactorily according to the stipulated criteria. The technology is also helping other government agencies in performing Know- Your-Customer (KYC) compliances. Finda’s solutions has also minimized the risk of defaulting claims from government healthcare plans and commercial insurance companies in China.
Over majority of kiosk providers recognizes Finda as the technical standard for Real-ID digital authentication that is based on hundreds of millions of transactions.
MyEG Philippines is an online one-stop-shop provider of e-government automation solutions and payment services for efficient transaction for Filipinos.