Annature

Annature Identity Verification has been selected as an ABA100® Winner for Tech Innovation in The Australian Business Awards 2024. The Australian Business Award for Tech Innovation [TIA] recognises products and services that provide innovative technological solutions for business and market needs.

Established in 2020, Annature is Australia’s leading eSignature and identity verification provider. Annature partner with Australia’s most respected and innovative companies across a wide range of industries, helping them streamline their digital signing and identity verification processes for greater efficiency and security.

Annature’s standout product innovation in this qualifying period was developing and implementing their identity verification technology, which has proven to be a game-changer for clients in the tax and accounting industry, in tandem with their fast, efficient eSigning solution.

Annature’s significant investment in identity verification has addressed a major issue in the financial services industry. Prior to this, Annature’s clients lacked a secure and reliable method of identifying their customers. With the launch of their identity verification product, the Australian Taxation Office (ATO) and Tax Practitioners Board (TPB) recognized the problem and mandated their Proof of Identity guidelines on July 1, 2023, which Annature was already addressing.

Annature was among the first businesses in Australia to be invited to adapt Stripe’s identity framework, a testament to their technological prowess. Leveraging the same technology that Stripe uses to verify millions of global users, Annature tailored their product to suit the unique needs of the Australian tax and accounting industry. Clients who utilize Annature’s identity verification solution benefit from exceptional, always-on customer service and troubleshooting from their Australia-based support team.

Annature’s ultimate objective for this product was for their accounting clients to achieve a benchmark of zero ID theft or fraud across their customers. After an accountant receives and reviews the required information, Annature’s product automatically purges the data, so it’s no longer visible, while automatic redaction of sensitive information eliminates risk.

Annature’s identity verification solution was an immediate success; in July 2023 alone, it completed 23,000 biometric ID scans with a 97% completion rate, all within a few minutes.

For information about Annature, visit annature.com.au

Share: The Australian Business Awards