Identity fraud cost the United States $16.8 billion in 2017. For Financial Services, the issue is acute. Thanks to a recent spate of data breaches, SSNs and other traditional identifiers are no longer fit for purpose. But without identity verification, new customers can’t be onboarded. Increasingly strict KYC and CDD regulations are raising fresh challenges. Add too much friction, and the user experience suffers. New solutions will need new thinking – and new technologies.
Watch this webinar to learn:
- How new regulations like NIST, the Banking Reform Act and GDPR are driving disruption in financial services
- How financial services can leverage new technologies like biometrics, AI and machine learning for more scalable and secure digital onboarding
- Why passive data proofing is no longer enough – and which authentication approaches to avoid