How do regulated organizations achieve Know Your Customer compliance online, without turning the digital experience into a nightmare for the user?
Here’s the answer: iProov technology. Offer your customers online onboarding and authentication using facial biometrics. It’s highly secure, easy for the user, and compliant with regulations.
Using iProov Genuine Presence Assurance®, banks and other regulated organizations ask users to complete a brief facial biometric scan during the online onboarding or authentication process. This assures that an individual matches the image in their photo ID and confirms that the user is genuinely present. It also uniquely confirms that the authentication is taking place right now, protecting against deepfakes and other spoof attacks.
This helps you…
Rabobank, one of the world’s 50 largest banks, wanted to make the onboarding process as simple and appealing for young digital native customers.
iProov technology has been deployed by Dutch challenger bank Knab to provide an effortless online biometric experience to its nearly 500,000 customers. Many top global choose iProov to replace manual KYC processes with an automated solution.
iProov Enroller enables you to verify the identity of new customers during the online onboarding process. Enroller uses Genuine Presence Assurance technology to confirm a user is the right person, a real person, and authenticating right now. This protects your organization and customers from new account fraud and other criminal attacks.
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.
What do banks and other financial institutions need to think about when they digitally onboard customers? Download iProov’s guide to the top five considerations that will lead to maximum completion rates and happy customers.
KYC and AML regulations exist to limit & mitigate the impact of financial crime. Inside this article, we explain what KYC and AML are, why they’re important, and how iProov’s face verification can simplify compliance ..