Infographic
Combatting Identity Theft Through Document Validation & Biometrics
The increased use of online and mobile channels spurred by the COVID-19 pandemic has created greater opportunity for fraudsters to target consumers to carry out various forms of identity fraud.
At the same time, Australian banks are struggling to cope with the inadequacies of current digital identity verification systems to counter the increasing onslaught of fraud according to research commissioned by GBG and conducted by IDC.
Our infographic uncovers the reasons why consumers and banks are showing a strong preference for biometrics to protect them from emerging fraud threats and fulfil future ID verification needs.
42%
Australian consumers are wary of identity theft
20%
Consumers acknowledge losing up to AU$500 in the past 12 months due to online fraud
3 in 4
Australians prefer using facial biometrics
for verification of identity
greenID is a full-service digital identity verification platform that seamlessly integrates into your onboarding process to ensure you convert the right customers every time.
- Real time KYC verification
- Biometric and document verification at your fingertips
- Unique, independent data to drive higher pass rates
- Smart image capture for facial verification success
- Global AML/CTF/PEPs and sanction screening
- Passive liveness detection to improve accuracy without friction
For more insights, read our White Paper on Biometrics and Digital ID Verification
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