Verihubs adalah perusahaan berbasis Saas (software-as-a-service) menawarkan solusi untuk membangun infrastruktur perusahaan di internet, mulai dari mengenali identitas pelanggan secara sah, memproses transaksi yang terotomasi hingga mengelola bisnis dengan aman secara online.
Seberapa menarik potensi cuan startup ini? Bagaimana dengan sisi keamanan data dari layanan verifikasi data biometrik yang dihadirkan?
00:38 our daily routine, starting from transportation, ride-hailing, to go to the office, to other places, we use the app, pay the download fee, pay food and so on.
00:50 So, I think verification is very important because our money and data are in the app, and verification is also important to mitigate risks, such as fraud, money and data theft risks, and safety for ride-hailing and the like.
01:06 Okay, and maybe also…
01:08 Please continue, sir.
01:10 Yes, like on social media, it's quite common, like Twitter ads and Instagram, now there's a verified badge, it also to avoid hoax or false news from certain people.
01:22 So, verification I think is very important for all apps.
01:26 So, compared to fingerprint, if the verification with the biometric feature of the face is actually safer, sir, than you as a service provider?
01:37 Okay, I think for biometrics, the comparison is from the fingerprint and face, the face is probably more common, more simple.
01:46 So, for various types of smartphones, from the lower end to the highest end, the camera is something that is definitely on the smartphone.
01:55 So, it's more convenient for everyone to use, but fingerprint is not everywhere.
02:03 And for since COVID-19, touchless is more popular, so I think for convenience, face biometrics is better.
02:13 Okay, so usually, all sectors need a verification feature or are there certain sectors that need this feature the most?
02:23 Okay, for the sector, the start-up may start from financial institutions, like banking, fintech, insurance, and others.
02:30 This is also most encouraged by regulators, digitalization is also started from the financial sector.
02:37 But it doesn't stop there, it continues to expand to other non-financial sectors, such as logistics, e-commerce, health tech, and others.
02:46 But the most prominent is regulated in the financial sector.
02:52 Okay, what services are provided by Verihub, maybe end-to-end, like what, sir?
02:57 From the beginning of the process, maybe the client contacted Verihub, and applied the verification feature in the apps or maybe in the services.
03:09 Okay, the services provided by Verihub are probably based on AI, based on recognition.
03:17 We also have optical character recognition, OCR, also known as text recognition.
03:22 This is the most used, we have to take a selfie, we have to take a photo of our ID, this uses AI features.
03:29 Then for the government issue ID, we also have a use case where we have to cross-check to the government database and so on.
03:38 So, we deal with AI from the optical side, we also verify the data,
03:44 and we also have several supporting products like watchlist screening, risk profiling, and also SNS OTP which is quite commonly used.
03:57 So, from end-to-end, from when the customer opens the account, until they want to authenticate the transaction,
04:03 add devices, we also provide the whole in the customer journey.
04:08 Okay, it is said that you have already paid for the payment or cooperation, we will go deeper into it later, Mr. Jason, let's go to the next slide.
04:16 Yes, stay with us, we will be back to the next slide.
04:19 We are still talking with Mr. Jason from Verihub, what is the certification that Verihub has to provide the services you just mentioned, Mr. Jason?
04:28 Okay, for our certification, there are several, the first is from NIST, National Institute of Standards and Technology.
04:36 From the US, it provides scoring and certification for the performance of face biometrics.
04:43 Coincidentally, we are currently ranked number one in Indonesia based on NIST,
04:48 number three in Southeast Asia, and also 100 top 100 globally for the face biometrics that we provide.
04:56 Then we also have ISO 27001 for data, so for data processing, receiving, and storage.
05:04 We also have ISO 19794 for face biometrics, then we are also monitored by the registrar at the OJK and the Cominfo too.
05:12 So for the certification is quite complete.
05:15 What is the security guarantee in the verification series?
05:20 We are in accordance with ISO standards, because this is an internationally recognized standard.
05:26 So for that, we also provide options for clients, some can use on-cloud through Verihub's cloud,
05:33 some can be placed on the internal client, so the on-premise.
05:37 Okay, customer data, is it stored by Verihub's or stored by the client itself, Mr. Jason?
05:44 Okay, for those who use on-cloud, so everything through Verihub's, we will store it too.
05:50 But for maybe the more sensitive, there are several banks that want to store it themselves,
05:55 they can choose to on-premise, where the data is not through Verihub's at all.
06:00 So it is stored and processed directly.
06:02 The news targets 1 million users this year, and how many are running so far?
06:07 And it is said that additional funding has also been received, can you share?
06:12 Yes, maybe the 1 million is from the BJB Bank, so they target to get 1 million customers this year.
06:19 For us, maybe we have more than 10 million verifications that we have done so far.
06:26 We have 297 business clients, because we are B2B, so we don't directly go to the consumer.
06:32 As for funding, we have done several rounds of fundraising,
06:38 so from 2019 until now, we have gone through several stages,
06:42 and the last one is significant, we got a $2 million funding from Wavemaker Ventures last year.
06:49 Okay, in short, the target of Verihub's in the long run, Mr.
06:53 Okay, in the long run, maybe we will keep expanding on our FR use cases.
06:58 So if we benchmark to the US, China, even in Asia, in Vietnam,
07:04 they have very complete use cases for this phase of biometrics, much more mature.
07:08 So we hope we can get there later, payment using Wajah, access control using Wajah,
07:15 like going to the gym, we might be able to go to the hotel, not using a card anymore.
07:21 That is the goal for the future.
07:23 When is the target profit, Mr. Jason?
07:25 For profit, we hope at the end of this year, so we are heading there.
07:32 Amen, okay. Good luck for Verihub, hopefully it will dominate local businesses and also the country.
07:41 Thank you, Mr. Jason. Good luck, see you.
07:44 Thank you, see you.
07:46 Okay, and we will check the movement of ISG from the opening of session 1 until now,
07:53 how is the movement, as you can see in the RTI, ISG is moving weakly.
08:03 0.34% at 7,362 or 14 points down, with the exchange rate of rupiah against the US dollar,
08:10 the market is strong, 15,774, strong at around 0.06%.
08:16 Top gainers, so far there are Goto, PNLF, MNCN, BBJB, ULTJ, SLIS, MEDC, PNBN, and Agro.
08:24 Goto is still strong at 3%, then Losers, Telkom, which released their skin yesterday,
08:30 still continues to weaken this morning at 2%, BHAT, Indofood, ICBP, DOOH, CMN, TTCPI,
08:37 Maya, and also Cepin, Pemirsa, haven't changed much compared to the opening at 9 o'clock.
08:44 That was the short review of Pemirsa Update from Bursa Efek Indonesia until now,
08:50 and it's been 90 minutes, we're with you in Power Breakfast.
08:53 And hopefully today's discussion can be a reference and a source of information for you,
08:57 keep updating your information only on IDX Channel,
08:59 your trustworthy and comprehensive investment reference.
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