Argos KYC, Korean KYC/AML service company, has partnered with Smart Engines, an AI-powered ID scanning vendor, to perform OCR data extraction with greater speed and accuracy.
Argos KYC will use high-precision Smart Engines’ software for intellectual data extraction of ID cards, passports, and driving licenses. This partnership improves and secures automated identity verification that is crucial for Argos KYC. It aims to increase its efficiency and speed of verification while maintaining data security and privacy at the highest level.
Smart Engines’ ID scanning software based on edge-cutting Green AI helps Argos KYC perform OCR data extraction faster and more accurately. Smart ID Engine SDK automatically identifies the document type, precisely extracts data at various angles and lighting conditions, and provides instant ID scanning ability to mobile applications.
The speed and accuracy of OCR data extraction are possible through the state-of-the-art GreenOCR technology created by Smart Engines. This OCR extracts data of ID cards, passports, residence permits, and other identity-related documents in more than 100 languages, including Korean, Japanese, and Chinese, all Latin-based and Cyrillic-based European languages with all special symbols. The SDK minimizes CPU energy consumption and carbon footprint thanks to the framework of low-bit pipelines for deep neural network inference. With Smart Engines ID scanning, the customer’s data is processed securely without sending anything to external services.
“I have no doubts that positive experience with the KYC solution will enable further expanding the services based on ID scanning for our customers and to effectively apply legal, regulatory and operational measures for combating identity theft, money laundering, and terrorist financing,” – said Q Lee, CEO at Argos KYC.
“We are proud that our OCR performs exceptionally well for the Korean language. Our partnership with Argos KYC not only corresponds to the needs of their business but will help it to get in the head place among its competitors,” – said Nikita Arlazarov, Chief Financial Officer at Smart Engines.