IAM, or say Identity and access management, is a system of providing authentication and relevant authorization to the trusted people in the organization. It has been a long time in industries and other places when we have been familiar with the identity and authentication process, for example, biometrics systems; however, with time, its scalability and extensibility have transformed a lot. In this era of technological advances, when fraudulent activities breaching the private spaces of industries are reported, the requirement for AI-driven IAMs have been increased a lot. These phishing activities have been around us since the beginning but their evolution is crafted by technical advances. Thus, Jukshio appeared with more precise systems that are the need of the decade.
IAM revolves around three factors: the identity of the person, authentication, and authorization. It means the person should be verified by the organization, be allowed access to the premises of the system and work area, and controlled access to the other users’ roles. It might be the result of 2-factor authentication or 3-factor authentication where management gets substantial security and access protocols. Factors involve biometrics, ID card access, password details, etc, depending upon the authentication level. Things get blurred when these factors are breached and the fraudulent person enters into the system and performs disastrous activities within the privacy such as tampered documents, document leaks, identity theft, etc. Therefore, Jukshio is on the pace to deliver the advanced and innovative IAM methods because they are deliberately or indirectly affecting their revenue and profits.
The connection between IAM and organizations’ revenue behavior is attributed to channels’ behavior in-or-around the management or system. Thus, every single aspect of daily operations using access and security demands a perfect balance between access granted and access denied. Jukshio balances this by using a unique blend of MLops and access management systems. In recent trends of identity theft and security breaches, even a single document leak or product leak can affect millions of dollars for any brand. Jukshio advances discreetly in features such as Facial liveness, advanced 3-factor authentication, and customization-by-default in KYC processes and added utmost accuracy in access management systems to cover such issues. Secure and swift KYC documentation has become the backbone of banking and other financial industries.
Jukshio’s partnership with Jio in the attendance management system and our MLOps solutions has contributed toward their access protocols and managed operations and aided them in saving 1 million dollars, as reported. How did they do it? Here comes Jukshio’s blend of technologies in Identity verification, KYC audit as a service and enterprise employee management, and subtle engines that involve facial liveness, checking the background of the concerned person, blacklist options, and Blink detection.
Let’s start with an example. Jukshio’s partnership with Jio in the attendance management system along with our MLOps solutions has contributed toward their access protocols and managed operations and aided them to save 1 million dollars as reported. How did they do it? Here comes the Jukshios blend of technologies in human and machine interventions, and subtle engines that involve facial liveness, checking the background of the concerned person, blacklist options and Blink detection.
Thus, Jukshio’s solutions help banks and patrons ease out several otherwise time-consuming procedures. Our solutions could result in Improved NPA, significant reduction in underwriting costs, cheaper loans for end-user, and notably easy digital transformation of the lending process.
We also cannot ignore the cost-optimization factors. The right allocation of money made the organizations real-time managers of their own portfolios. When Jukshio provided the solutions at about 1/10th of the previous cost, we received feedback about saving a substantial amount of money.
Evolution is the key to the natural selection process. So the fraudulent behavior of miscreant individuals or groups is also changing their ways. In Jukshio’s perspective, these challenges involve comprehending the changing fraudulent models and jumping on the accurate solutions immediately, and enabling these solutions in the MLops and managed operations that affect the identity and accessibility systems. Jukshio is far well equipped for these changes and ready to provide evolutionary and revolutionary inputs.
As we have discussed IAM, we have resisted ourselves to jump into the more technical vocabulary of the topic. Further, we will be achieving the process and methodologies of IAM including from some technical perspectives. Stay tuned
