Catfishing Is a Significant Issue on Dating Apps

The digital age has replaced the traditional greeting of a smile and a handshake with a quick click or swipe learning everything about the person before saying ‘Hello’. According to the research, roughly 60% of participants had positive dating platform experiences. Not only are financial services going digital, but one of the fastest-growing mobile verticals is dating. Despite the fact…

Top 5 reasons why choose Biometric Facial Recognition

 1-Stronger Authentication Biometric authentication refers to security processes that use biological traits such as Facial Recognition, irises, voices, and fingerprints to verify a user’s identity. When a user logs into their account, the biometric authentication system collects biometric data to verify their identity, which helps to prevent hackers from gaining unauthorized access. Biometric authentication has become an integral part many authentication…

5 Ways the AI is Affecting the Document and Identity Verification Solutions

Fraud and identity theft are becoming real concerns for many customers and businesses. Digitization makes business and customer data accessible not only to you but also to cybercriminals. They can then use such information to steal your identity or your customers’ and use it to commit nefarious activities. Hence, 47% of businesses invest more in fraud detection software and methods…

The importance of KYC

What precisely is KYC? The full form of the question is “Know Your Customer” or “Know Your Client” KYC is a well-designed process that improves user safety and is required for any financial service.  Its purpose is to assist organizations in identifying and verifying customers by maintaining customer due diligence and identity verification, thereby reducing the risk of unwanted illegal…