Redian Software and Accura Scan announce partnership to fight identity fraud in banking, financial services and insurance

A partnership against identity fraud in BFSI

Redian Software(/) and Accura Scan have joined forces to tackle the growing issue of identity fraud in the banking, financial services and insurance sectors. With Accura Scan's cutting-edge identity verification technology and Redian Software's software development expertise, the partnership aims to enhance security measures and protect against fraudulent activities.

By leveraging their respective strengths, the two companies are committed to providing robust solutions that can effectively detect and prevent identity fraud in these industries. This partnership marks a significant step towards safeguarding sensitive customer information and maintaining trust in the financial sector — a sector where a single mis-onboarded account can cascade into regulatory exposure, reputational damage and chargeback liability.

Why this matters for BFSI in 2024

The identity-fraud landscape has shifted faster than most institutions have updated their controls. Synthetic identities, deepfake document images and AI-generated face challenges have crossed the threshold from research curiosity to operational threat. For banks rolling out digital onboarding, microfinance institutions disbursing into mobile wallets, and insurers binding policies online, the question is no longer whether to invest in document and biometric verification — it is how deeply to embed it across the customer journey.

This partnership lets us ship identity verification natively inside our core banking(/solutions/banking/core-banking), loan origination(/solutions/banking/loan-management-system) and broader BFSI(/solutions/bfsi) deployments — so KYC isn't a separate vendor selection and integration burden for each customer.

About the partners

As a prominent software solutions provider in the Banking, Financial Services and Insurance industry, Redian Software serves clients across Africa, the Middle East, Europe and Asia Pacific. Redian Software offers cutting-edge solutions including the core banking system, agency banking, mobile banking, loan management system and loan origination system. These solutions have gained widespread adoption among banks and financial institutions and are now used across our delivery footprint spanning Noida, Nairobi, Dubai, London and New York.

Accura Scan is a leading figure in identity verification, providing a comprehensive suite for global digital Know Your Customer (KYC) compliance, identity verification and seamless customer onboarding. Renowned for its commitment to the highest standards of data protection and quality assurance, Accura Scan proudly holds GDPR and iBeta Level 2 compliance — credentials that matter for institutions answering to regulators across multiple jurisdictions.

To explore how the integrated stack fits your own KYC and onboarding programme, contact our BFSI team(/contact) or read more about Redian(/about).