banking technology

Financial Services

Consumers are increasingly turning to digital banking. Savings, payments, borrowing and budgeting are all moving online. But cyber criminals are targeting financial services more than ever.

Only with Genuine Presence Assurance from iProov can banks and financial services onboard and authenticate customers online effortlessly with biometrics to assure world-class security.

  • Maximize completion rates
  • Reduce costs and manual error
  • Comply with regulations

Our Financial Services Customers Include

ING logo
Knab bank
Rabobank |

iProov in the financial services sector

Retail banking technology

Banking

iProov’s simple facial biometric authentication enables banks to verify customer identity and assure genuine presence when transactions are made online. This provides compliance with Know Your Customer (KYC) and PSD2, while delivering simple, intuitive digital customer journeys that maximize completion rates.

Insurance Technology

Insurance

Insurers have long been seen as targets for fraud, both from false insurance claims and from organized crime. With iProov, insurance companies can use facial biometric technology to verify and authenticate new and existing customers when they make policy changes or claims.

payment providers

Payment Providers

iProov makes the onboarding and authentication process secure and effortless for payment providers. With flexible authentication, payment companies can adapt between Genuine Presence Assurance and Liveness Assurance to protect against fraud while maximizing completion rates.

iProov face verification on web

iProov benefits for the finance sector:

  1. Maximize completion rates
  2. Reduce costs and manual error
  3. Achieve the highest levels of security
  4. Protect your organization and your customers
  5. Deliver security, usability, and privacy
  6. Comply with regulations

How is iProov used in financial services?

Know Your Customer

Know Your Customer

iProov enables banks to comply with KYC and anti-money laundering (AML) compliance during the onboarding and authentication process. All without losing the simplicity and intuitiveness of digital engagement.

Multifactor authentication

Multi-factor Authentication

The use of one-time passcodes or tokens for MFA can cause friction in the customer experience. iProov provides a secure biometric check that delivers the extra factor while simplifying the flow of your user journeys.

Step-up authentication

Step-up Authentication

Setting up a new payee or transferring larger amounts of money shouldn’t need complex procedures involving tokens or OTPs. iProov enables simple, secure step-up authentication to provide extra protection on transactions with an increased risk or value.

WINNER OF FINOVATE BEST OF SHOW THREE YEARS RUNNING

2021 GoTech Awards Most Innovati |
Globe Award Cyber Security Excellence 2021
Cyber Security Excellence Award 2021, Government
Cyber Security Excellence Award 2021, Financial Services
Finnovate Europe 2018 Best of Show Winners Logo
Finnovate Europe 2019 Best of Show Winners Logo
Finnovate Europe 2020 Best of Show Winners Logo
macheye gartner cool vendor 2020 e1619780916347 |
SC Awards logo
Fast 50 2020 winner logos e1614876937620 |
National Cyber Security Centre Logo
Sinet Logo
Citi Logo
KPMG Logo

Products

iProov Enroller

Enroller

iProov Enroller enables you to verify the identity of new customers during the online onboarding process. Enroller uses Genuine Presence Assurance to confirm a user is the right person, a real person, and authenticating right now.

iProov Face Verifier

Face Verifier

With iProov Face Verifier you can authenticate a remote user’s face against a pre-enrolled biometric and confirm it is the right person, a real person, authenticating in real-time. It can be used as primary, multi-factor or step up authentication.

Liveness-Assurance

Basic Face Verifier

Basic Face Verifier uses Liveness Assurance instead of Genuine Presence to confirm an individual is the right person and provide some assurance they are a real person. Like other liveness detection solutions, it is ideal for frequent, low-risk interactions.

iProov Palm Verifier

Palm Verifier

Palm Verifier provides Genuine Presence Assurance, confirming that a user is the right person, a real person, and authenticating right now. A contactless solution, it is hygienic, simple to use, and highly secure. It also requires no specialist hardware.

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