TYPE OF BNPL FRAUD

Customer ID Assurance plays a vital role in mitigating identity fraud for BNPL sectors in several ways

Account Takeover Fraud

This is when a fraudster takes over a current BNPL account and uses it to make unauthorized payments

Buy Now-Pay Never Fraud

When a fraudster creates new BNPL accounts using stolen identities and making large purchases without paying back the amount owed

Synthetic Identity Fraud

When a fraudster combines both accurate and false personal information to create a new identity such as combining a real myKad number with a fake name)

The New Account Abuse

When a fraudster takes advantage of weak verification measures during the signup process to create new accounts to enjoy the default line of credit offered to new users

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Use Case - BNPL Industry
(Now in Eng or Khmer)

Why Innov8tif?

ASEAN presence & localisation supports

Currently serving most major Telco operators in the ASEAN region.
Accepts various ID and passport documents, with local partners and support teams.

Proprietary technology
- Our document verification system is one of the most robust within the industry
- Microprint, hologram, tampering detection, etc.
Flexibility in deployment
- Be it through a web browser, mobile app, cloud or on-premise — we have helped clients deploy eKYC solutions in various architectural environments.
- Looking to DIY? We have an API purchase platform at ekycondemand.com

BNPL's Player We Helped Transform

BNPL is a no-cost financing scheme with an easy and supple repayment schedule, supported with a quick eKYC verification completed through online platfrom. As a 100% online solution, we helped BNPL players to enable a quick one-click for eligible screening.