Reducing frauds with MyTRUST
In today’s digital world frauds are a common occurrence. Digital frauds can be categorized into four types; they are ID fraud which implies that the physical ID card is fake or the person using it is not the rightful owner of the said ID card. Identity fraud is when a person claims to be someone they are not. Documents/contracts fraud is when the document submitted for verification purpose is a fake. Transactions/audit fraud is when a transaction is carried out based on afore mentioned frauds and manipulation of transaction/ audit data.
The way to curtail these frauds is through an ecosystem approach rather than individual pieces. The ecosystem has three major players government, enterprises, and citizens. Governments are ID issuers and enforcement agencies; enterprises are concerned with the service delivery; citizens are the consumers of the said services. This makes the digital ecosystem.
We offer an end-to-end solution to reduce digital frauds by taking an ecosystem approach.
For Governments- MyTRUST platform which enables citizen centric, legally complaint and inclusive trust through Digital ID wallet, Digital Onboarding, Digital Authentication, Digital Signing, Digital Forms and Digital verification.
For Enterprises- MyTRUST enterprise integrations gateway is a link between enterprises (both government and private), government and citizens. There are various roles played by the actors of the ecosystem such as relying party, data pivot, document issuer. Based on the use case the roles may vary.
For Citizens- MyTRUST mobile app which allows the citizens to access services anytime, anywhere.
This way we enable trust and reduce frauds in your digital ecosystem.
Our uniqueness
• The ecosystem approach is unique to MyTRUST. It gives an end-to-end solution to enable trust in a digital economy.
• The alternative is a systems integrator integrating all the bits of the solution from different vendors to form `an end-to-end solution. In this alternative way even if one part fails the whole process cannot perform.
• We also guarantee business continuity in case of change of direction of the company the solution’s source code will be placed in escrow account. The same cannot be said for others.
• We believe in strategic partnership with the government rather than selling the solution.
• We don’t sell the technology, instead we follow the use case adoption strategy.
• Our commercials are another one of our uniqueness. We don’t charge the government; we charge the market on the use basis. We have a revenue sharing model with the government to make the program self-sustaining.
We believe in creating a strategic partnership with a long-term engagement with the stakeholders. Ours is the only end-to-end solution available in the market currently. MyTRUST is an inclusive and interoperable way to achieve Digital Trust in an ecosystem.
