Financial Services Identity Verification

Secure Identity Verification for Financial Service Transactions

The ultimate solution for maximized account openings, fraud detection, and better customer experiences.

Talk to an Expert
Financiual Services hero

Fraud Across Financial Services

Your identity verification process faces significant threats. At nearly any point in the customer journey, there are new risks to data privacy, fraud protection, and security. Bad actors and fraudsters are continuously finding new ways to infiltrate your security measures and protocols.
Impact numbers are courtesy of Transunion, AFCE, and Sift.

149%
Increase in Fraud Attempts
5%
Typical Annual Fraud Loss
200%
Increase in Digital Wallet Attacks
Financial Services Image 1

Financial Fraud Solutions

Advance your organization with our range of identity services for in-branch banking, self-service kiosks, call centers, online, or mobile app transactions.Streamlined Application & Account

Benefits

Stop Fraud While Increasing Account Openings with Frictionless Sign-Up

Discover how our 100% automated machine learning identity verification process can help you achieve your enterprise objectives while removing risk from synthetic identity fraud.

Talk to an Expert

Alleviate friction for a seamless onboard workflow.

Simplify customer onboarding with 100% automated, instant ID document verification and biometric verification, leading to more account openings.

Leverage Biometric Authentication to assist in identifying fraudulent requests.

Automate and accelerate the secure management of identity access.

Optimizing identity verification processes and workflows to unburden customers while meeting regulatory compliance.

Create a “bad actor” watchlist. and uncover fraudsters with leading Fintech identity verification.

Enhance Your IDV Strategy

Guide to Implementing IDV Technology e1751057880841
  • Choose the right IDV technology for your organization
  • Deploy it effectively to protect user data
  • Optimize its use to prevent fraud & ensure security
Implementing IDV in Financial Services

Product Recommendations

At nearly any point in the customer journey, from the onboarding process to transactions and ongoing authentication, there are new risks to data privacy and identity. Our portfolio of products offers a complete financial fraud solution to meet any business’s KYC and IAM requirements.

biometric auth blue biometric auth White
Biometric Authenticator

AuthenticID’s facial biometric technology provides a fast, simple way to authenticate an individual by matching a person’s selfie to the photo on a government-issued ID, profile picture, or any other image of a person’s face with complete accuracy.

id verification blue id verification white
ID Verification

Our machine learning technology provides 99%+ accuracy in detecting even the most sophisticated fraudulent documents. Our proprietary technology combines machine learning and AI to review over 2,000 unique computer vision data models to verify an ID’s authenticity.

fraud shield blue fraud shield White
Fraud Shield

Fraud Shield is a biometric and biographic watchlist service, offering fraud detection and protection unlike anything else on the market. This “superpower” solution can protect your company against even the most rapid, prolific, and sophisticated bad actors.

RESOURCES

The Proof Is in Our Protection

All Resources
FindBiometrics Podcast Chris
Podcast
Walking the Privacy Tightrope in Identity Fraud Prevention with AuthenticID’s Chris Borkenhagen
On this week’s episode, we’re joined by Chris Borkenhagen, AuthenticID’s Chief Digital Officer, who offers insights on cybersecurity and biometrics, the changing regulatory landscape, and why there’s no “silver bullet” for preventing hack attacks. Chris brings a level of expertise to the discussion that clearly has a lot of depth and breadth, and manages to do so with classic Canadian good humour. Be sure to check out AuthenticID’s 2024 Mid-Year Identity Fraud Review, which informs important parts of the conversation:
Read More
2024 Biometrics Digital Identity Prism Report
Report
2024 Biometrics Digital Identity Prism Report
Read More
ID Talk Podcast Beyond Biometrics Blair 2
ID Verification
Podcast
AuthenticID’s Blair Cohen on the Evolution of Identity Tech
This week, the ID Talk podcast welcomes Blair Cohen, the Founder and President of AuthenticID. Blair is a serial entrepreneur with over three decades of experience in identity verification and fraud prevention. He shares his journey from founding one of the world’s first background screening companies to pioneering innovations in digital identity, including the development of automated facial recognition and forensic document examination technologies. The conversation dives into key issues shaping the identity technology landscape, such as the rise of organized crime in digital fraud, the evolution of government ID verification, and the technological advancements powering AuthenticID’s platform. Blair explains the complementary differences between the company’s proactive Velocity Check solution and its reactive Fraud Shield system, while also offering insights into behavioral biometrics, identity proofing standards, and the importance of robust fraud detection in protecting both consumers and enterprises. This episode offers a fascinating look into the dual evolution of digital fraud and identity assurance technology. Whether you’re a tech professional, a business leader, or simply curious about how cutting-edge solutions are keeping your data safe, you won’t want to miss this in-depth discussion with one of the field’s leading innovators.
Read More
All Resources

FAQs for Financial Services

READ MORE FAQs

Identity verification in financial services involves the platforms and processes that help institutions build trust, enhance security, and meet regulatory requirements. A strong solution should take a multifaceted approach, using tools like ID document verification, biometric authentication, watchlist screening, step-up authentication, and multi-factor authentication.

Verification should be applied throughout the customer journey and across all channels—including in-branch, call centers, and digital experiences.

When properly implemented, identity verification helps financial institutions prevent fraud, ensure compliance, avoid costly fines, and deliver a seamless, secure user experience.

AuthenticID’s identity verification solution can be used by multiple types and sizes of financial services organizations, including traditional banks, credit unions, commercial banks, and investment banks.

In addition, identity verification is crucial for lenders, asset managers, fintech companies, private equity firms, and broker-dealers. Each of these financial institutions must comply with regulations like AML and KYC, making identity verification a critical part of compliance.

AuthenticID identity verification offers trusted KYC (Know Your Customer) and KYB (Know Your Business) regulations, as well as anti-money laundering (AML) regulations. AuthenticID’s solution is both robust and scalable, allowing financial services institutions to quickly authenticate users with continuous monitoring and reauthentication in seconds.

With AuthenticID, financial services organizations can lower their risk of regulatory fines while stopping identity fraud.

bulletin

Let’s Connect

If you have product questions, we have answers. Our team is here to help.

 

contact

Schedule My Demo

Find out why AuthenticID is the undisputed leader in identity processing and see how we can help your organization mitigate risk, convert customers, and reduce operational costs with our frictionless ID proofing solutions for ultimate security.