InfoTrack has again been named a leading innovator in technology on the 2020 Australian Financial Review (AFR) BOSS Most Innovative Companies List across Australia and New Zealand for its video verification of identity solution, InfoTrackID.
The prestigious annual list, published by The Australian Financial Review and Boss Magazine, ranks InfoTrack fourth, against hundreds of technology organisations across Australia and New Zealand. The award measures top innovation initiatives implemented in the last 12 months.
InfoTrack CEO, John Ahern says “We are honoured to be named Most Innovative Company again for the second year running. The fourth place ranking brings us up six places from 10th in 2019 for our property innovation Securexchange.”
InfoTrack’s award submission featured their remote video solution InfoTrackID as a leading innovation. In November 2019, InfoTrack launched remote video InfoTrackID, which was originally developed to help firms move matters forward to verify the identity of their clients when clients were on holidays or couldn’t make a face to face meeting.
Mr Ahern says “This award represents our commitment to developing innovative solutions that anticipate the changing needs of our clients, and through COVID-19, our innovation became a necessity overnight. Social distancing and remote working meant that lawyers, conveyancers and financiers were unable to complete identity verification checks face to face, and as such, at the height of COVID-19, usage of InfoTrackID grew 260% and this growing trend continues.”
InfoTrackID is an important innovation to combat the rising trend in cyber-crime and identity theft. The cloud-based solution has been purpose-built to verify a person’s identity remotely and securely by allowing them to safely upload copies of their identity documents for checking. Using Optical Character Recognition, the data is checked against the Australian Government’s Document Verification System while facial recognition and video ‘liveness’ detection checks are also being done at the same time.
“We are proud to continually support the legal profession and be rewarded for our commitment to innovation,” Ahern commented. “We will continue to innovate so our clients can use secure and efficient digital solutions to service their clients anywhere, at any time.”
