Identity verification is the process of verifying that a person is who they claim to be. It’s a common practice for the financial services industry, for remote bank account opening, and AML/KYC/BSA compliance.
Unfortunately, on the Internet, it’s hard to know if someone’s digital identity matches their real world identity. Your customer could be a dog, a money launderer, a fraudster, or a legitimate customer just trying to transact or open an account.
Because of cybercriminals and routine data breaches, trust is in increasingly short supply. In response, online companies are often forced to add steps into the sign-up process, thereby adding further friction.
As trust evaporates, the market for identity proofing has exploded and new solution providers have rushed in to help fill the void. In this increasingly cluttered marketplace, it’s difficult to separate the pretenders from the contenders.
In a new ebook, Jumio explore the trade-offs that companies often have to make between deterring fraud and increasing conversion rates, and the steps businesses can take to mitigate risks and the identity proofing technologies that can be brought to bear to establish trust, detect fraud, and increase assurance that someone is who they say they are.
‘A Buyer’s Guide to Online Identity Verification’ will help you to:
- Uncover important information about the identity verification market
- Learn how to compare solutions
- Identify essential functional requirements based on your unique needs
- Understand key considerations for your purchase decision
- Learn how to perform a competitive bake-off
Click here to download your copy of ‘A Buyer’s Guide to Online Identity Verification’ by Jumio.
Whitepapers
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