Identity fraud cost the United States $16.8 billion in 2017. For Financial Services, the issue is acute. Thanks to a recent spate of data breaches, SSNs and other traditional identifiers are no longer fit for purpose. But without identity verification, new customers can't be onboarded.
Increasingly strict KYC and CDD regulations are raising fresh challenges. Add too much friction, and the user experience suffers. New solutions will need new thinking - and new technologies.
Read this eBook to learn about:
- Why numerical identifiers are no longer fit for purpose;
- The 3 key regulations changing user onboarding;
- Current identity solutions - and how to leverage new tech to improve them.