Susan Simpson’s Post

AU10TIX Introduces One-Stop Identity Verification Hub to Enable the Transition to Digital Identity “Our Digital ID solution empowers businesses to embrace the global shift to digital identity with confidence,” said Dan Yerushalmi, CEO of AU10TIX. “It combines unparalleled accuracy and global reach with robust security measures to streamline onboarding and minimize fraud risk, all while addressing the diverse array of global ID formats.” https://lnkd.in/e8_v_u8k #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Unlock the potential of Portable KYC to streamline your customer onboarding process! Learn how standardized identity verification methods can enhance security, improve user experiences, and save time and money for financial institutions and consumers alike. https://bit.ly/4bgJa8j Speak to Instnt today to learn more! #KYC #PortableKYC #Instnt #fraud #id

Elevate Banking Experiences with Next-Generation PIN Pad Technology Fraud prevention in #banking is more critical than ever, with #financial fraud up 159% since 2018, prompting stricter compliance with regulations. Next-generation #PINpads enhance security, speed up authentication, and support a better customer experience with cutting-edge technology and durable, user-friendly designs. https://lnkd.in/eDxizKt8

Elevate Banking Experiences with Next-Generation PIN Pad Technology Fraud prevention in #banking is more critical than ever, with #financial fraud up 159% since 2018, prompting stricter compliance with regulations. Next-generation #PINpads enhance security, speed up authentication, and support a better customer experience with cutting-edge technology and durable, user-friendly designs. https://ow.ly/fnec30sHBwR

We offer more income, savings and trust!    Candour Face ID offers to many sectors a comprehensive, turnkey identification solution with unmatched simplicity and reliability.    Candour Face ID can be integrated into a mobile application or online service.    📈 Increased revenue: Boosts earnings by acquiring new customers quick and enabling more seamless customer interactions.    ⚡ Speed: Instant verification enhances user experience and retention.    🔒 Security: Proprietary technology ensures top- tier security and fraud prevention.    ⚖ Compliance: Meets all regulatory requirements effortlessly.    🤝 Trust: Builds and maintains customer trust with reliable verification.    🎯 Efficiency: Reduces operational costs through automation.    🎛 Control: User identities are managed by the users and the company, not by third parties such as banks.    🌍 Universal solution: The same identification solution can be used across all countries, ensuring consistency and ease of use globally. Click on our website and read more ➡ https://lnkd.in/dYqf245q #biometricidentification #identity #fraud #technology #AI #banking #FaceID #fintech #innovation #bankinginnovation

Discover how facial recognition is reshaping the future of banking! 🏦✨ From enhancing security to streamlining processes, facial recognition technology offers transformative benefits across various banking use cases. Here’s how: Effortless Login: Skip the hassle of remembering passwords with secure, one-touch access using facial recognition. Seamless Onboarding: Open new accounts or apply for services with just a glance, making the process faster and more secure. Enhanced Security: Protect your accounts from fraud with biometric verification that’s more secure than traditional methods. Quick Transactions: Authorize high-value transactions or payments swiftly and safely with a simple facial scan. Fraud Detection: Identify and prevent unauthorized access or suspicious activities with advanced facial recognition technology. Step into the future of banking with facial recognition and experience security and convenience like never before! Learn More: www.helloverify.com #BankingInnovation #FacialRecognition #SmartBanking #HelloVerify #DigitalSecurity #FutureFinance #TechRevolution

🔐 Biometrics in Digital Account Opening: Raising the Security Bar 🔐 In the era of digital-first banking, security and customer convenience are paramount. Biometrics is transforming how we open accounts by adding an extra layer of security that’s seamless yet robust. Why Biometrics? 🔹 Enhanced Security: Biometrics, like fingerprint and facial recognition, ensure that only the rightful person can access or open an account. It’s nearly impossible to forge, raising the security standards significantly. 🔹 Customer Convenience: No need to remember complex passwords or bring physical IDs. Biometric verification simplifies the process, allowing for a fast, user-friendly onboarding experience. 🔹 Reduced Fraud: With a unique personal identifier like a fingerprint or face scan, banks can curb fraudulent account openings, making digital banking safer for everyone. 🔹 Regulatory Compliance: Biometrics helps banks meet KYC and AML requirements by ensuring accurate customer identification during the account opening process. By integrating biometrics into digital account opening, banks can balance the act of security and seamless customer experiences. Biometrics isn’t just about advanced tech; it’s about building trust in digital banking. #DigitalBanking #Biometrics #AccountOpening #CustomerExperience #BankingInnovation #FinancialSecurity

🎥 Elevate Your Customer Experience with Video KYC! In today's digital age, customers expect fast, efficient, and secure ways to interact with businesses. Video KYC (Know Your Customer) offers a convenient and secure solution for onboarding new customers and verifying their identity. Here's how Video KYC can enhance your customer experience: Speed and Convenience: Video KYC eliminates the need for physical visits, allowing customers to complete the verification process from anywhere, anytime. Enhanced Security: Biometric verification and advanced fraud detection techniques ensure a high level of security, protecting both your business and your customers. Improved Customer Satisfaction: By providing a seamless and user-friendly experience, Video KYC can boost customer satisfaction and loyalty. Reduced Costs: Streamlining the onboarding process can lead to significant cost savings for your business. #VideoKYC #CustomerExperience #DigitalOnboarding #Security #Fintech

🔻Banking scams, like authorized push payment (APP) fraud, will continue to evolve as the need for instantaneous transactions become more popular. 🔻 🛡️This means, FIs need to think ahead about how to safeguard their customers from all fraud attacks. 📚Learn how strong #authentication measures can prevent customers from becoming the latest victims of #cyberthreats : https://lnkd.in/esJkG4ND #instantpayments #instantpaymentfraud #RTP #RTPfraud #fraudprevention #fintechinnovation

To assure customers of their data safety in an open banking ecosystem, banks must first embrace cutting-edge technologies to thwart fraud and uphold robust data security right from the initial interaction - especially during the account setup and onboarding phase. Advanced fraudsters employ intricate tactics like synthetic and stolen identities to target weaknesses across a bank's infrastructure. By deploying identity verification tools like ongoing "know your customer" (KYC) checks, transaction oversight, document validation, and biometric authentication during onboarding, banks can fortify security measures to safeguard customers throughout their journey and life cycle. #trust #openbanking #banking #kyc