Combat fraud & enhance your Know Your Customer processes with new identity verification strategies
With identity theft and account takeover on the rise, it’s increasingly difficult for businesses to trust that someone is who they claim to be online. The digital onboarding journey is in need of a serious shake-up.
While 72% of consumers want an all-digital onboarding experience, they’re clearly not happy with the current state of affairs — 56% of online bank account applications in the UK were abandoned due to a long or complicated enrollment process. There are a number of reasons why consumers don’t complete the onboarding process, and oftentimes it’s because of too much friction during the identity verification part of the process.
In the past there have been historical trade-offs when balancing fraud detection and user conversion. Spend too much time on KYC with undue friction and you’re bound to see a drop in conversions, but an overly simple, friction-free onboarding process makes it too easy for fraudulent customers to infiltrate your ecosystem.
Detecting fraud while also offering a convenient digital onboarding experience to your customers doesn’t have to be an either/or situation.
This webinar will provide you with 5 innovative strategies to combat fraud with identity verification and ensure KYC mandates are met.
Senior Director at Jumio
Claire a Senior Director at Jumio, the leading provider of AI-powered identity verification and authentication solutions
Jumio uses the power of informed AI, biometrics, machine learning, and certified liveness detection to help you rapidly convert more customers, stop fraudsters from infiltrating your online ecosystem and get in compliance with KYC/AML.
With an approach that is as simple as taking a selfie, Jumio transforms the necessary, yet often frustrating, process of identity verification into one your customers will actually appreciate.
Claire specialises in international marketing for the Technology industry as has 20+ years experience with global brands including Jumio, EMC, DHL and Deloitte.