Gemalto ID Verificaton Solution Guards Private Enterprises Against ID Fraud

By CIOReview | Monday, April 4, 2016

FREMONT, CA: With the emerging threat of ID fraud in the digitization world, Gemalto, the global digital security company is now committed to provide its ID Verification solution to the private sector enterprises such as banks and mobile operators. Gemalto has expertise in identity fraud protection and its ID Verification solution is comprehensive and flexible with superior compatibility in most environments, over any other security solution.

ID Verification Solution is a fully integrated line of tools and services which quickly verifies the customers’ credentials at the time of opening new accounts and subscriptions, in-branch or online. It can be easily integrated with existing infrastructures and is available as in Software as a Service (SaaS) mode to protect private enterprises against fraudsters opening bank accounts or acquiring subsidized mobile phones. Additionally, ID Verification supports financial institutions to reduce financial losses and the adverse effects over brand reputation by identifying fraud and increasing their Know Your Customer (KYC) procedures along with latest regulations such as Anti-Money Laundering Directive.

ID Verification performs disruptively by verifying documents like ID cards and passports for forgeries and other discrepancies, biometric and/or visual customer authentication, and immediate background and risk assessment monitors relevant databases and watch lists. Branch staff can perform these with ease on devices such as a standard scanner or tablet. Online customers need to submit a photographic of their ID credentials for automatic verification.

"ID fraud is one of the fastest growing crimes on the planet and there is a direct impact on the private sector with substantial financial losses," says Jean-Claude Perrin, Strategy and Marketing Vice President, Gemalto. "The private sector can now leverage our unrivaled experience to protect corporate finances and reputations, without compromising the customer enrollment experience."

ID Verification is highly scalable, facilitating future-proof growth and evolution in line for individual fraud prevention in business development strategies.