What’s new on LOQR’s Platform

LOQR offers a cutting-edge Platform that enables financial institutions to broaden and diversify their customer base and make digital financial services more accessible than ever. Our Platform is designed with scalability and flexibility at its core, enabling seamless integration with existing systems, while evolving alongside regulatory requirements and customer expectations. Whether optimising digital onboarding, identity verification, authentication processes, signing documents with qualified electronic signatures, or fraud prevention, LOQR provides financial institutions the tools they need to thrive in the digital era and remain competitive in an evolving financial landscape. 

As an innovation-driven company, we are committed to delivering the best digital solutions and implementing continuous improvements to our Platform, prioritising security, efficiency, and user experience. 

LOQR’s Platform Improvements

By leveraging advanced automation and AI-driven capabilities, our Platform now features enhanced features to increase the security of any transaction and improve the consumer experience. 

Blur Detection

LOQR’s Platform now includes advanced blur detection when capturing identity document photos, ensuring higher-quality submissions and reducing the risk of document rejection. This enhancement improves the user experience by providing real-time feedback, allowing customers to retake unclear images instantly. By preventing blurry document uploads, we streamline the onboarding process, reducing manual reviews and operational costs, and increasing the identity verification step’s overall accuracy and security. This results in faster approvals, greater compliance, and a frictionless digital journey for users and financial institutions. 

(Near Field Communication) NFC

LOQR’s Platform now supports NFC reading for identity documents, enabling seamless and highly secure data extraction from NFC-enabled ID documents, passports, and residence cards. This technology ensures fast, tamper-proof identity verification by directly accessing the embedded chip’s official data, eliminating manual input errors or low-quality image scans. By leveraging cryptographic security mechanisms, NFC scanning enhances compliance, reduces the risk of fraud, and significantly speeds up onboarding. This results in a frictionless user experience, reducing operational costs while ensuring financial institutions’ accuracy, security and regulatory alignment.

Face Match 

LOQR’s improved face recognition now includes advanced validations to ensure higher accuracy and security during identity verification. The system detects and verifies that only one face is present in the frame, ensuring compliance and preventing fraudulent attempts. Users are instructed to position their face within the designated circle, ensuring optimal alignment for a more precise processing. Additional checks ensure the face is upright (non-tilted) and the eyes are open, avoiding invalid or unclear captures. These improvements enhance security, user experience, and verification accuracy, reducing errors and manual interventions while streamlining the onboarding process.