Identity fraud is a major issue for banking digitalistion. According to Lance Fanaroff, a director of iiDENTIFii, innovations and advancements in digital identity technology are making a balance between convenience and security more achievable.
He adds that using a mobile phone and an official identity document, the iiDENTIFii technology platform does four critical things:
- It proves that the person is alive, therefore enabling strong authentication and far outperforming gesture-based & parallax technologies;
- It matches the selfie the user has taken with the image on their ID document;
- The data is then extracted off the identity document – including the person’s name, surname and ID number; and
- All the data is then matched with a facial biometric at an issuing authority or government department (for instance, Home Affairs).