CYBERSECURITY
64 solutions use algorithms to read security features embedded in ID documents , such as driving licenses and ID cards , in order to detect forged identities . Facial recognition is today considered to be a preferred biometric benchmark and can enable financial institutions to accurately and securely valid customer authenticity , without pulling consumers into a timely and drawn out process .
Facial recognition is already accepted as a valid method of ID in the financial sector across Europe – even in the most highly regulated countries such as Austria and Germany . However , it ’ s not just the financial sector which is benefitting from facial recognition software . More organisations and departments are starting to roll this out as a way to help validate identity . In fact , anyone with a new Apple smartphone will already be aware of the technology . Apple recently switched out its fingerprint identity for facial recognition software , and we are seeing other sectors such as online gambling sites look to support this as valid method of ID .
Other organisations are also looking
APRIL 2019