Recorded on: September 12, 2019
Duration: 30 Minutes
Presenter: Conor Hickey, Head of Solution Architecture, Software Sales, OneSpan
Given the rise in large-scale data breaches and account-takeover attacks, it is important for financial institutions (FIs) to detect and prevent identity fraud during and after account opening.
For this reason, FIs need digital ID verification, authentication and fraud detection solutions that help to prevent application fraud and protect their customers and the devices they use.
In this session, we discussed:
- Why banks are moving from Knowledge-Based-Authentication towards biometrics
- The emergence of liveness detection as a key technology to fight application fraud
- How regulators are responding to facial biometric privacy concerns
To view Part 1 of the ID Verification Mini-Series, click here.