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Home > Lifestyle News > Infotainment News > Article > Timely detection is key to preventing online frauds says Yasin Patel

"Timely detection is key to preventing online frauds," says Yasin Patel

Updated on: 26 May,2021 12:00 AM IST  |  Mumbai
BrandMedia | brandmedia@mid-day.com

His highest recognition came in the form of highly coveted“Global Achievers award which was conferred on him for his outstanding Professional Achievement & Contribution in Nation Building.

Yasin Patel

With the pandemic bringing significant acceleration in online transactions, the danger of fraud and cyberattacks loomed large on banks & financial institutions.There was a need for a system which could predict, detect and prevent any online fraud. Yasin Patel’s, ‘AccuraScan’ understood the need of a sophisticated user identity verification and fraud prevention solutionto create a seamless User Authenticationprocess while reducing transaction friction and deterring fraud.


Barely within five years of its existence, Accura Scan, a B2B company based in Mumbai, has become a niche player in the AI ecosystem owing to its safe & secure onboarding processes.


Established in the year 2017, Accura Scan has grown by leaps & bounds thanks to its CEO,Mr. Yasin Patel,whobrings with him years of experience and skills to the table. In his exceptional journey spanning two decades in IT industry,he has executed over 2000 projects and managed over 1000+ clients from over 40 nations. Mr. Patel conceived of Accura Scan, with the mission to eliminate the fragile, old and obsolete sluggish algorithms and replace manual data entry for passports with something more convenient and easier in its approach.Mr. Yasin works tirelessly to ensure that the delivered solution meets the market needs and satisfy customers' expectations.


His highest recognition came in the form of highly coveted“Global Achievers award which was conferred on him for his outstanding Professional Achievement & Contribution in Nation Building. Mr. Yasin Patel, who never rests on his laurels, commented, “Accura Scan has generated worldwide interest and this prestigious award recognizes the innovative nature of our approach towards social welfare and nation-building. Accura Scan is evolving every minute, every second with more advanced features and developments, expanding its reach to newer premises on the global map signing multiple contracts in the Middle East and Europe. The team of Accura Scan has been very supportive, showing a lot of confidence and interest in our creation together. I look forward to continuing my bit of efforts with this valued possession.”

In its notable journey of two decades, ACCURA SCAN, a Fintech and Regtech AI-based company, has served a wide array of top clients that include banking & finance, hospitality, travel, airlines, telecom, immigration & border control and boasts of big names like Commercial Bank of Dubai (CBD), TUI, and others. It offers products that include Document Verification, Identity verification, KYC on boarding Solution, ID Scanner, OCR, Video KYC and Face Biometrics.Equipped with an innovative Digital KYC with a Robust OCR environment, Accura Scan’s mobile technology offers seamless Customer Onboarding by using a Passport, ID card, and Driving License scanner with 3D selfie technology which can be verified and authenticated by customers remotely.

As the pandemic provided a perfect opportunity for fraudsters and scammersto feed on the fear of people, there was a need to provide real-time solution to aid in fraud prevention through identity authentication.Accurascan’s algorithm came to the rescue of many financial institutions as it helps to detect as much risk as possible for fraud. Speaking on this,Mr.Patel said“Identifying with the crisis the world got into due to Covid19, sectors like banks, financial institutions, immigration, chose to initiate ‘Know Your Customer’ proceedings distantly and digitally to ensure smooth operations owing to situational constraints.”

Where innovation & safety are concerned, Accura Scan has always been ahead of its game.It has already established itself as a recognized KYC onboarding Solution provider India-Internationally. They are now aiming to have on board the biggest names in the banking, finance & telecom sector with the ID forgery and video KYC feature in the course of time.

https://accurascan.com/

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