Alas, organizations around the world are still struggling to tackle problems with fraud. According to PwC’s Global Economic Crime and Fraud Survey 2022, almost 46% of companies experienced fraud in the past 24 months. To a large extent, these incidents were related to know-your-customer (KYC) breaches, disinformation, and other identity verification issues.
As online identity verification becomes mainstream, expertise in identity document authentication is key. The more we know about the document to be verified, the more checks we can run to detect compromised documents, and the more effectively we can detect fraud attempts. Lack of expertise results in inefficiencies: the need for a human in the loop to perform repetitive manual checks, and unacceptable rates of false positives, to name just a couple.
Join us as we discuss how depth of expertise in forensic and document verification can impact your solution and business processes, and if it’s possible to effectively fight fraud by leaving the task of identity verification to technology.