AUTHID

  Every business today can benefit from digital identity verification . Apart from enhanced security of transactions, digital identity verification provides a significant opportunity for value creation for individuals as well as institutions. The pivotal role of identity authentication in the banking and financial services industry lies with the ability to establish as well as verify the identities of customers and employees. This is seen as fundamental when it comes to maintaining customer trust as well as the security of transactions. The ongoing rapid growth in digitization, the new technologies that are being established and new user behaviors is revolutionizing the ways in which financial service firms interact with their customers and employees. This has dramatically changed the scope and procedures of their identity management obligations. Because of this, banks and financial institutions have started to re-evaluate their role in the identity supply chain, as the accur...

  Are you a business owner looking to improve the security of your business systems? If this is what you are up to, you should consider using identity authentication technology. In this ever-changing world that we are living in right now, identity verification is very crucial for a number of reasons, such as compliance with government regulations, security and fraud, among other things. Identity verification for mobile banking is an important process that ensures that someone’s identity tallies with the one it is supposed to. There are various things that identity authentication can do. One of them is preventing fraud and money laundering. If you do not take identity verification seriously, you will open yourself to risk. Some of the common risks that are likely to be faced with are those of fraud and money laundering. You stand a high chance of being a victim of these risks if you do not have a solid identity verification system. For this reason, you need to adopt adopt risk-...

  Selecting and implementing a multi factor authentication solution can be a little challenging if you do not know where to start. There are various solutions to choose from on the market, but you need to know to separate the good from the bad in order to choose the most suitable one for your needs. The following are some key guiding principles that can help you select a multi factor authentication solution that meets your organization’s needs and helps you fully realize the benefits of MFA. When you start looking for a good ID verification solution for your business, one of the things you should do is understand your requirements. You need to make sure that you understand the technical and business needs of your organizations as well as its users. For instance, do you need multi factor authentication for local apps, cloud apps, local devices, or some hybrid deployment? You need to remember that solutions for local apps and devices are quite different from solutions meant for c...

  Choosing the best mobile facial biometric identity solution to use in your organization can be a lot easier if you know the right steps to take. There are various factors you should consider when making your selection. The following are some of the factors that can help you ensure successful implementation of biometric multifactor authentication solution in your business. First of all, you need to take into consideration the features of the mobile facial verification solution that you are interested in. Among the important things you should expect from the solution include face detection, facial template extraction, face compare and search as well as face search. Image pre-processing features that you should expect the solution to have include anti-spoofing with 2D camera, anti-spoofing with 3D depth camera, and TrueTheater enhancement.   Remember that each facial recognition solution you will come across offers specific features, but every solution should provide face d...

  Are you wondering if identity verification for remote onboarding is right for your business? With sensitive personal transactions moving closer to online, remote identity verification has become an ever more important and crucial. In highly regulated industries, like banking, the necessity for remote identity verification has become more common because of regulatory compliance with international regulations like Know Your Customer (KYC). There are so many reasons to verify ID, including both employee and customer onboarding which call for companies to gather, verify and store personal identities. Organizations and companies have been making use of remote identity verification for years and a lot of industries now use it extensively. This is done to establish trustworthiness and also to track employee attendance. Remote identity verification is also used in areas like healthcare and government to make sure that the people who hold various key crucial within the organization ar...