Strengthening Photo Capture for Lower-Friction Verification
Over the past decade, lenders and service providers have witnessed a collision of opposing trends – consumers’ decreasing tolerance for friction during account opening and fraudsters’ increasing expertise in portraying themselves as legitimate applicants. Enterprises must master balancing customer experience with effective verification during new account opening – and while photo capture helps improve the customer experience, not all technologies are as secure as they seem. Simply put, accessing all the potential benefits offered by photo-capture technology without exposing your organization to increased fraud risk requires solutions which verify both the identity and the document of the consumer.
In this study, ID Analytics addresses how how institutions can streamline the application process during account opening without exposing their customers, or the organization, to undue risk.
Download this white paper now to learn more.