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Latest revision as of 20:16, 18 December 2024

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Financial services saw a boost of 42% in effective fraudulence attempts and lending firms reported a 38% boost.2 This is a vital indication that fraudulence is becoming increasingly difficult to protect against and find in these segments, as more sophisticated defrauders are making it through fraud detection checkpoints.

Using Prove Identity Supervisor and Identity Verify to passively authenticate their customers eliminated the requirement for knowledge-based verification questions and led to a streamlined general customer experience, from onboarding to call facility handling.

These solutions are used in the monetary service industry, shopping platforms, social networking sites, Web discussion forums, dating websites, and wikis to suppress sockpuppetry, underage signups, spamming and prohibited activities like harassment, Identification fraud, and money laundering For example, in financial, identity confirmation may be called for in order to open a bank account.