Yusbi, Lotte Rental to supply ID and credit card OCR

Reg-Tech specialist Yusbee announced on the 30th that it had supplied ID and credit card OCR solutions to Lotte Rental, a domestic comprehensive rental company.

According to the company, Yusbi is a subsidiary of Alchera, a company specializing in image recognition AI, and is continuing its collaboration to expand and diversify sales channels in the field of non-face-to-face identity verification solutions.

Yusbi provided ID and credit card OCR solutions to Lotte Rent-a-Car, a rental car brand of Lotte Rental, to simplify driver verification and non-face-to-face identity verification processes.

The company explained that it has increased convenience by simplifying the car rental process and supporting non-face-to-face ID authentication and payment services through the Lotte Rent-a-Car app.

Ubi is leading the expansion of its business by increasing the usability of its eKYC solution in various industries and establishing a position in the non-face-to-face identity verification field. Ubi’s OCR solution quickly and accurately extracts essential information from ID cards or cards under various conditions, taking into account tilt, brightness, light, and exposure.

In particular, thanks to the card OCR engine trained on 500,000 pieces of data, it shows an overwhelming recognition rate of over 98% within 1 second, and it is also excellent in terms of security by minimizing exposure of unique identification information through masking processing after shooting. It supports SaaS linkage and build-type method (SDK), so you can drastically reduce the time and cost required for installing the OCR engine, and it is a solution that can be customized for various environments by providing integrated UI design.

Kim Sung-soo, CEO of Yusbi, said, “We are supporting non-face-to-face identity verification services in various industrial fields, such as the Lotte Rent-a-Car platform,” and added, “We will continue to strive to provide a more reliable eKYC solution through technological development and innovation.”

Since its establishment in September 2018, Usb has grown into a Reg-Tech company that solves institutional hurdles due to digital transformation with technology. Usb’s eKYC solution can integrate functions such as △ID OCR △ID authenticity verification △1 won account verification △facial authentication without separate design and interface development. For more information, please visit the Usb official website.

Reporter Hwang Ji-hye

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