Element Inc Biometrics Platform Developer Debuts in Indonesia

Element Inc cooperates with BCA for its debut in Indonesia. In its release, the startup that developed a biometric platform based in New York wrote that BCA will implement an authentication solution using facial recognition. Apart from Jakarta, Element Inc. also has operations bases in Singapore, Manila, Nairobi and Lagos.

Application of software-based biometric technology mobile devices from Element Inc is expected to fuel the growth of banking services, unlocking all kinds of innovations digital banking and provide better security. This includes increasing BCA's customer acquisition by offering a comfortable and secure experience through biometric authentication. In accordance with BCA's focus on innovation in technology.

"BCA's reputation and success as one of the largest private banks in Southeast Asia reflects its technological innovation leadership, providing their customers with high quality products and services in digital banking," say Head of Indonesia Element Inc. Rizki Suluh Adi.

"By 2025, it is projected that 284 million Indonesians have an estimated 410 million smartphone connections, enabling mobile banking to unlock the next breakthrough in digital financial services. We are proud to partner with BCA to advance its digital initiatives and take one step closer to building frictionless futures," he added.

Indonesia and targets for 2019

Element Inc so far supported by a line investor such as GDP Venture, PTB Ventures, Central Capital Venture, MDI Venture, to the BRI investment unit. Element Inc.'s artificial intelligence technology and biometric solutions promise facial, fingerprint, and palm recognition solutions that are packaged with ease and security.

Element Inc's strategy for new markets, including Indonesia, is adjustment and cooperation. Ranging from national scale companies for financial, health and communication service providers to innovation companies that are growing rapidly in the market.

Their focus in Indonesia starts with providing high quality software services, streamlined and scalable that can be utilized by partners, including by meeting market requirements and needs. Element believes that their KPIs on user growth as well as revenue will be earned once the partners' success metrics are achieved.