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 [...]
Latin America (LATAM) is one of the most culturally rich and diverse regions in the world; a melting pot that combines native traditions with a perpetual influx of people from all corners of the world. Unfortunately, the diversity of its identity is matched by that of its identity credentials, and the opportunities for fraud it [...]
Millions of people in many parts of the world buy prepaid SIM cards to purchase mobile telephony and data services on a pay-as-you-go basis, as opposed to a subscription and contract. The vast majority of users are attracted to this model of service for its low cost, flexibility, and convenience. But the potential anonymity afforded [...]
Biometrics have been primarily the business of governments for many years, which—for applications like law enforcement, defense, and border control—applied biometric search to “identify” people, essentially verifying their claimed identity.
Today, biometric sensors are ubiquitous, and millions of people are using biometrics many times each day for authentication. It’s now hard to remember a time when the association of biometrics with criminality was reflexive; a notion that collection of my fingerprints—let alone a mugshot— represents accusation and inherent mistrust. This is a powerful paradigm shift for the industry not only in terms of market potential but for the change in how consumers view biometrics [...]
Some form of identity theft is at the heart of most financially-motivated fraud. A proliferation of personally identifiable information (PII) available through social media and other public sources is easily accessible to aspiring fraudsters, while the anonymity of Internet commerce and communication gives them plenty of cover. Illicit call centers troll for private identity data [...]