As regulatory requirements tighten globally and the risk of fraud puts greater pressure on security organizations
ASLI RI provide Biometric Verification solutions.
"...identify proofing is the biggest fraud problem out there. Fraud has become an identity problem."
- AVIVAH LITAN, GARTNER (VIA AMERICAN BANKER)What is Biometric Technology?
Measurement and analysis of unique physical or behavioral characteristics (such as fingerprints or voice patterns) especially as a means to verify personal identity.Why Biometric Technology?
Biometric characteristics are unique, difficult to spoof, leave a complete audit trail and add convenience, which equates to fraud prevention, compliance and most importantly increase in revenue.How Does ASLI RI Biometric Verification System Work?
1RECORD
Basic information about user, then capture an image or recording of a specific trait.
2STORE
Image or recording as a code or graph for future use
3COMPARE
Present information to stored information and either accept or reject authentication.
DID YOU KNOW?
- Source by NJIT
$11.7
Billion
Losses from identity theft (annually)
$1769
Average personal financial loss related to identity theft (annually)
$475
Billion
Global costs from cyber crime (annually)
Know Your Customer (KYC)
"KYC is the the process of a business identifying and verifying the identity of its clients." ~ WIKIPEDIA
THE OLD WAY
Online process interrupted by need to physically present ID documents.
- Online account opening abandonment
- Increased overhead
- Poor customer experience
THE NEW WAY
Tie digital and real-world identities together with greater certainty
- Improved identity verification
- Reduce fraud
- Remove friction from the process
- Increase account opening conversions
Direct Impact
- Risk Management
- Compliance
- Customer Care
- Better KYC
- Reduces Fraud
- Operation and Service
- Better customer service
- Build and improve Customer Information File (CIF)
- Increase the quality of verification and identification process