Product portfolio
DESKO has been developing solutions to read ID cards, barcodes, magnetic stripe and chip cards for more than 30 years. Areas of application range from simply reading or visually recording data all the way to full authentication. From simple passport scanners to completely stand-alone self-service solutions, our versatile product portfolio allows us to respond flexibly to a wide range of customer requirements.
DESKO solutions for high security requirements
For financial service providers such as insurance companies, banks and financial institutions, reliable security checks are part of the daily challenges arising from the KYC (Know Your Customer) principle. DESKO’s industry-specific solutions for identification, access control, and data processing support you in all relevant security requirements. With innovative technologies, DESKO devices and software applications prevent identity fraud, economic and insurance fraud, as well as money laundering. In addition to added security, our products simplify and speed up your work processes and ensure better customer service.
Prevent identity fraud and money laundering with authenticity verification
Knowing customers is more important than ever because of the risks posed by identity fraud and money laundering. Banks and financial or credit institutions are vigilant when it comes to account openings and loan agreements. Arm yourself against fraud with the right combination of security technology and software. Our proven scanners verify the authenticity of presented documents based on the specific security features of each ID document. Within seconds, the special software application will indicate whether the document is authentic or forged. This is how we support you in the secure identification of your customers and contractual partners.
KYC principle: fraud prevention through identity verification
New requirements from the legislator or your fraud prevention department require you to perform an identity check on your new customers?
Identity verification of your customers is already part of your everyday business, but you want to make it more efficient?
In this blog post, we have compiled everything you need to know about identity verification as a building block of the Know-Your-Customer (KYC) principle and our associated product solution. If you have any further questions, please feel free to contact us!
What is meant by KYC?
A variety of criminal activities, including money laundering, terrorist financing, and insurance fraud go hand in hand with identity fraud. The economic damage caused by money laundering alone amounts to several billion dollars worldwide every year.
As a result, the financial industry has been subject to extensive due diligence requirements when it comes to managing the identities of its customers. Let’s take a look at Europe: Here, the EU’s 4th and 5th Anti Money Laundering Directives (AMLD) stipulate that banks must establish and verify the identity of their new customers.
The Customer Identification Program (CIP) is the U.S. counterpart to the AMLD. As part of the USA Patriot Act, it requires banks to verify the identity of their customers before they can open an account, for example.
However, the resulting principle of knowing one’s customer (to Know Your Customer) is not only important in the financial industry. Although it is mandatory for the financial industry to check the identity of its customers, the KYC principle has long been standard practice in other industries as well, in order to prevent economic damage to the company. For example, the rental of cars or other high-value goods is often preceded by a check of the customer’s identity.
How DESKO products support KYC process
The requirements for a complete KYC process are extensive. Our product solution for efficient and smooth identity verification as part of KYC measures consists of a combination of security technology and software.
The ID scanners we have developed capture the data from the documents presented and, thanks to their technical features such as UV light, enable the document to be authenticated on the basis of its security features. Subsequently, the associated software application indicates within seconds whether it was able to detect any anomalies in the document and provides a verification report.
What advantages Does DESKO solution offer for workflow?
1. Speed up your work processes: Data capture and security verification run simultaneously, onboarding your new customers is made easier.
2. More security: The naked eye is not enough to distinguish a genuine document from a high-quality forgery.
3. Integration into your system: We integrate our solution into your existing technical infrastructure.
4. Regular updates: We provide you with software updates on a regular basis, as both identity documents and the methods used by identity fraudsters are constantly evolving.
About DESKO
DESKO is located in Bayreuth, Germany. Its name is an acronym formed from the German words for: data, input, systems, and concepts. DESKO was founded in 1991 by Werner Zahn and Bruno Geyer. Its success story began with the development of magnetic strip readers for the banking sector. In subsequent years, our product range and application areas were constantly developed. Today, DESKO is a technological pioneer in the field of automated data transfer. DESKO GmbH is now a family-run company under the management of Werner Zahn. The continuous growth of the company led to the foundation of a parent company, DESKO Holding, in 2003 which comprises subsidiaries in the USA and Singapore along with the headquarters in Bayreuth. As a medium-sized international company, DESKO relies on a dedicated team of employees and a network of numerous sales partners around the world. DESKO products are sold in over 120 countries worldwide. Over 500,000 devices are in use every day at airports, banks, government agencies, security companies, and more.
