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
iProov in the financial services sector
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.
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.
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 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.
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.
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.
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.
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.
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.
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.