How Latin American banks use mobile biometrics and liveness detection to prevent fraud
Consumers’ expectations of their mobile banking apps continue to rise, particularly as we go cashless. Yet there are no expectations that this ability should come with any sacrifice in security whatsoever. Identity is a foundational element of banking, and biometrics are a powerful and elegant identity verification approach that is complementary to other security mechanisms.
Biometrics also happen to offer a level of convenience that consumers have come to demand. For several banks in Latin America, biometrics are a business imperative. Their vision is one of biometrics as an essential feature of their services and brand. With Knomi, Aware is helping them make that vision a reality. Read the whitepaper to learn more.
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Aware | banking | biometric liveness detection | biometrics | KYC | mobile banking application | white paper