Growing by making production in more than one sector, OYAK invested $15 million in digital identity verification company OCR Labs. We talked about OYAK’s investment in OCR Labs and its new agreements.
2 new global agreements from OYAK!
Providing data security and protection against fraud with the authentication technologies it has developed, OCR Labs can securely authenticate Turkish users from anywhere in the world with just their IDs and smartphones. The company, powered by its cooperation with OYAK Investment, developed a special solution in order to meet the remote customer acquisition needs of companies in Turkey in line with advanced legal regulations.
shiftdelete.netWith the Regulation on Remote Identification Methods to be Used by Banks and the Establishment of Contract Relationship in the Electronic Environment announced by the TBB on April 27, 2021, banks can now accept customers by identifying them via mobile devices and computers. At this point, the importance of digital authentication technologies is increasing.
OCR Labs’ Advanced Face Matching technology provides 100% success in detecting fraud cases and approving real applications in the tests carried out by iBeta, the industry’s most trusted third-party testing organization. In addition, OCR Labs holds leading international certifications such as ISO 27001, 27017, 27018, 27701, 22301, 30107-3, 19795, 9001, TDIF IP2 and SOC Type 1 and 2. The ISO 29100 process continues.
Russ Cohn, OCR Labs International General Manager, said the following about the services they provide in Turkey: “We are excited to present our market-leading digital identity verification solutions to Turkey and to collaborate with OYAK Investment, one of the leading brands in Turkey. With its strong technology infrastructure in the financial services sector, Turkey is now in a position to innovate and create new opportunities for businesses and consumers to access financial products.
Apart from this investment, OYAK has the title of the company that was founded about 330 years ago and started the insurance business in the world, and Titanic became the only company licensed in Turkey and approved by Lloyd’s company that met the liabilities in the twin tower attacks in the USA.