The COVID-19 pandemic has compelled organisations to explore better and faster ways to digitally acquire and onboard new customers and still meet regulatory and compliance requirements. To thrive in a digital-first world, success for regulated organisations includes achieving higher pass rates with quality customers, international identity verification capabilities, fraud and identity crime prevention at the eKYC phase, omnichannel integration, higher performance, reliability and security, and end to end digital onboarding automation.
How has technology advanced in the world of digital identity verification?
Today, technology is enabling organisations to snap, onboard and go. Not only is there an ease to tap into more government and independent data sources and data intelligence to verify more consumers accurately, there is phenomenal advances in AI-powered biometric technology for organisations to satisfy their eKYC obligations while reducing abandonment rates by 50%. Evolving fraud threats such as deepfakes and spoofing can be prevented with modern facial verification technology.
What consumers expect in the digital onboarding customer journey today.
The efficacy of an end-to-end digital identity verification platform.
The advancement in biometric facial verification to effectively lower onboarding friction and reduces fraud risk and identity crime.
What is the digital identity verification utopia for leading FIs in Australia?
Demo of single image passive liveness biometric technology to achieve snap, onboard and go customer journey and prevent deepfake