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How facial biometric benefit banks

As the world transitions to online banking, banks and their customers have prioritized digital security. In the past, SMS passwords appeared to be adequate. Cybercriminals, on the other hand, are now employing more sophisticated methods, such as spoofing.  As a result, banks must now implement additional security measures. Passwords and pin codes are easy targets for today’s hackers, but facial biometric…

Why Identity Verification matters to Banks and Financial services

Why Do Banks and Financial Institutions Need ID Verification Services?  Identity verification has always been a part of the onboarding process when customers open an account with a bank or financial institution. The process of ensuring that people who open accounts are who they claim to be is critical for maintaining security and preventing crimes such as fraud and identity…

Digital Identity Verification Trends

Digital identity is part of our online lives.   Technology that allows users to reliably identify themselves and demonstrate who they are is now more important than ever. Digital identities are meant to solve problems while also assisting in the ability to onboard new customers while reducing physical requirements.  The concept of digital identity has evolved.  A digital user is no…