How Latin American banks are using Knomi® to win more customers and prevent fraud Dramatic advances in mobile phone technology and networks present banks the opportunity to make their services more accessible. Customers can now use their mobile devices to quickly apply for new accounts and credit lines, access their account information, and perform purchases and transactions, all without ever visiting a branch or ATM. Credit towards purchase of big-ticket items such as home appliances, electronics, and furniture can be issued on the spot by retailers at the point of purchase. By many measures, Latin America leads the world [...]
Mobile biometrics offer banks and other businesses a way to more effectively verify the identities of their new and existing customers. Mobile onboarding allows a prospective banking customer to open an account without visiting a branch. Biometrics make this identity proofing process more robust and secure. New customers can then use their biometrics in place of passwords for more secure and convenient mobile authentication. Facial recognition is a particularly useful biometric modality for mobile onboarding and authentication: ● Nearly all mobile devices have built-in cameras that support it. ● The user experience of capturing a “selfie” is exceptionally intuitive and [...]
BIOMETRIC TECHNOLOGIES TAKE US TO THE NEXT LEVEL - New Work Means New Security Challenges: Work has changed. Advances in mobility and connectivity have accelerated the evolution of the modern business, allowing new types of enterprises to emerge. Thanks to the ubiquity of smartphones, tablets, and other connected devices, the classic nine-to-five workday confined to the cubicles of an office space is no longer the norm.
Biometric authentication in the enterprise? It’s just a matter of time Mobile biometric authentication is officially here to stay. Most of today’s leading devices come with native biometric sensors, and virtually all have cameras, microphones and touchscreens that can be used for biometric authentication. Consumers have embraced this transformation; 86 percent have shown interest in biometric authentication according to research by Visa. Passwords, PINs, and knowledge-based authentication are steadily losing ground to biometrics as a primary means of authentication among personal users. Biometric adoption among enterprise users has moved more slowly, in large part because the biometric functionality and [...]