BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Open For Business  >  From RM60K to eKYC Leader: The Innov8tif Journey

From RM60K to eKYC Leader: The Innov8tif Journey

George Lee, Founder and CEO, Innov8tif Solutions

13-Nov-24 10:00

From RM60K to eKYC Leader: The Innov8tif Journey

How did Innov8tif transform from a bootstrapped startup to serving 70% of Malaysia’s telecommunications and banking sectors? In this episode of Open For Business, we speak with George Lee, Founder and CEO of Innov8tif Solutions, about the company’s journey, their groundbreaking innovations like IC microprint verification, and the announced RM40 million strategic partnership with Datasonic Group.

George has been nominated for the EY Entrepreneur of the Year 2024 Malaysia awards in the Technology Entrepreneur Category.

George shares insights into the challenges of scaling a tech business, the evolving eKYC landscape, and Innov8tif’s plans to expand regionally while maintaining its leadership in secure digital onboarding.

Among other things, we get into:

- Entrepreneurial Journey: How George Lee and his co-founder started Innov8tif with RM60K, and how they moved from software development and consultancy and into the eKYC business.

- Innovation in eKYC: Innov8tif’s patented solutions, such as IC microprint verification, and their impact on secure digital onboarding.

- Market Leadership: Serving 70% of Malaysia’s telco and banking sectors and the strategies behind maintaining this dominant position.

- Strategic Acquisition: Insights into Datasonic Group’s RM40 million acquisition and how it will drive Innov8tif’s growth and innovation, as well as advice on strategic partnerships.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  marketstechnologymanagingentrepreneurs

Tags:  eKYCidentity verificationEY Entreprenuer of The Year 2024 Malaysiatechnology





Play / Pause

Listen now : Talkback Thursday: For the Love of Cities

Today’s Shows



6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

Tony Nash, CEO, Complete Intelligence

7:15 AM

Morning Brief

7:30 AM

Morning Brief

Chong Ja Ian, Associate Professor of Political Science, National University of Singapore (NUS)

7:45 AM

Top Story

Dr Shanmuganathan Ganeson, President of Federation of Private Medical Practitioners’ Association

8:00 AM

The Breakfast Grille

James Gibbons, President of APAC, Warner Bros. Discovery

8:30 AM

Morning Brief

Wong Kar Choon, Audit Partner, Deloitte Malaysia

8:45 AM

Morning Brief

9:00 AM

Opening Bell

(REPEAT) Tony Nash, CEO, Complete Intelligence

9:15 AM

Opening Bell

9:35 AM

Ringgit & Sense

Rachel Liu, Certified Financial Planner and Patience Chen, licensed counsellor

10:05 AM

Open For Business

Yeoh Eng Foo, Founder and Managing Director of ReadyCare Signature

11:00 AM

Tech Talk

Afizulazha Abdullah, Chief Enterprise Business Officer at CelcomDigi

12:00 PM

Enterprise Explores

Mark Bennett, APAC Energy Customer Experience Leader, EY

1:00 PM

The Breakfast Grille Repeat

James Gibbons, President of APAC, Warner Bros. Discovery

2:05 PM

Discovery Hour

Future-Ready Medical Program at Sir Jeffrey Cheah Sunway Medical School; Professor Sibrandes Poppema, President, Sunway University | Professor Dr Raja Affendi, Dean, School of Medical and Life Sciences, Sunway University

3:05 PM

Beyond the Ballot Box

Why We Need a Media Council; Wathshlah Naidu, Executive Director, Centre for Independent Journalism (CIJ) | Radzi Razak, Geramm

4:05 PM

Health & Living

Healthy Ageing: When To Take Older Adults to Emergency?; Prof Dr Mohd Idzwan Zakaria, Consultant Emergency Physician, UMMC | Prof Dr Tan Maw Pin, Consultant Geriatrician, UMMC

5:00 PM

Top 5 at 5

6:00 PM

Talkback Thursday

For the Love of Cities

8:00 PM

I Love KL

Shin Chang, Co-Founder of REXKL | Zeen Chang, Co-Founder and Managing Partner of Kwai Chai Hong

9:00 PM

Back To Back

Ep131 - Fela, Femi, & Seun Kuti