White Paper

The Identity Verification Challenge: Solving the KYC Problem First

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The Evolution of Authentication Methods

Spurred to strengthen data security measures and improve ease-of-use for customers, many banks have replaced passwords with digital identity solutions including biometric authentication. While a more convenient and secure approach, biometric enrollment without an upfront identity verification process puts customers’ banking apps at risk when their phones are stolen. Fortunately, by marrying “Know Your Customer” (KYC) identification practices and biometric enrollment, financial firms can eliminate this growing problem.

Key Takeaways:

What the new challenges are regarding data security and identity verification.
How biometrics can replace passwords with stronger security and convenience.
Why new tools ensure the KYC process is accurate, fast, and efficient.

Behavioral Biometrics Demo Video

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