Proof of Income (POI) and Proof of Address (POA) allow businesses to verify the user's income status and residential address by scanning relevant documents using their mobile phones.

Use Cases

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Financial Sector: Loan applicants can submit their income details to prove their creditworthiness.

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Real Estate Industry: Landlords can evaluate potential tenants' attractiveness as renters by verifying their monthly income statements (pay stubs), as an alternative to credit scores.

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Internet Service Providers: POA minimizes errors in user-submitted addresses, reducing the number of missed appointments or reschedulings.

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Digital Enterprise Services: POA serves as a layer of protection, dissuading enterprise customers from breaching the company's terms of service.

Steps Involved

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📝 COLLECTION: The user takes a photo of the supporting document (utility bills, tax forms) using their mobile phones. There are checks in place to ensure that the document is captured properly, such as image size, lighting detection, and font legibility.

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👍 VERIFICATION: The captured media is then run through a series of automated processes to determine its authenticity. Advanced algorithms are then used to ensure that the document has not been spoofed or tampered with, such as users submitting a photoshopped or photocopied document.

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🔍 EXTRACTION: Using optical character recognition (OCR) technology, It then extracts the relevant information, such as address and income details. The data is then channeled to the OkayDB component, which may be used to store the data in a predetermined database or compare it against other databases, such as comparing home addresses with government sources.

Currently, Innov8tif supports the following Malaysian documents, but can be expanded upon depending on the unique business needs and requirements:


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