The rush toward a digital society is accelerating at an unprecedented pace. “The value of digital channels, products and operations is immediately obvious to companies everywhere right now,” says Sandy Shen, senior director analyst, Gartner. “This is a wake-up call for organizations that have placed too much focus on daily operational needs at the expense of investing in digital business and long-term resilience. Businesses that can shift technology capacity and investments to digital platforms will mitigate the impact of the outbreak and keep their companies running smoothly now, and over the long term.”
What does this mean for identity verification? The rise in telehealth, smart city services, distance learning, digital banking and even online grocery retailing is unlikely to reverse course anytime soon. For many organizations, digital transactions begin with establishing a user’s identity. Acuant’s revolutionary platform addresses one of the most difficult challenges we face within our society today: if you truly are who you say you are and delivering the answer with certainty and trust – any time, any place.
Our Trusted Identity Platform now with IdentityMind inside creates a new standard in digital identity verification by allowing for complete identity lifecycle management. Businesses and institutions can now build, proof, monitor and enable re-use of digital identities, all from a single platform while addressing their level of risk. With an unmatched digital identity engine, analyst dashboard, case management and third-party ecosystem, we provide operations ready solutions for every channel.
Identity verification should not be the whack-a-mole game it is today: fix your Knowledge Based Questions (KBA) vulnerabilities with 2-Factor Authentication (2FA), fix 2FA by adding a biometric check, upgrade your spoof-able biometric check and so on. Accessing a platform that solves for more than your current crisis or weakest point is critical. Fraud is only growing and increasingly sophisticated, especially in light of our digital economy. Businesses and institutions must look beyond today’s challenges, identity solutions must allow access to manage identity data points in real time, providing the ability to seamlessly pivot and address fraud head on.
Acuant allows you to establish a trust anchor for an identity from your chosen data point (identity document, biometric, device or email, for example). Once this trust anchor is bound to an identity, you have the ability to build custom data points, rules and alerts to manage the identity and effectively assign it a trust score. The key is making it simple; we do this in one place allowing you to access data (third-party, consortium and ingested business data) via single API integration. Businesses are able to scale and automate more processes to improve onboarding, verification and compliance (KYC, AML, GDPR & more).
Stay ahead of growing fraud challenges, don’t just catch up to them.