FICO

JANUARY 11, 2021

Identity-based fraud takes many forms: application fraud , bust-out fraud , account takeover , synthetic identities and identity theft. In response, many institutions have deployed layered controls to ensure they are interacting with genuine customers and help stop identity fraud. Authentication.

Online and Mobile Banking

FICO

APRIL 8, 2020

Together identity validation and identity verification are often referred to as identity proofing. Enrollment. Enrollment of these factors can be a multi-step process; for example, you can automatically enroll the selfie and document scan taken at account opening without customers taking further action.

Accounts

PYMNTS

SEPTEMBER 11, 2019

We’ll see more account takeovers, we will see more theft and certainly more identity theft. Thus, over the near term, then, face-based ID serves as lowest-common denominator and low-hanging fruit to get to the next stage of digital identity’s evolution — to both enroll and get the authentication process in place.

Authentication