FinTech Magazine November 2025 | Page 154

KEY FACT
90 % of US respondents anticipate further online fraud increases through 2025

C O R E

I D V E R T E C H N O L O G I E

KEY FACT

83 %

of businesses integrated identity verification software into authentication systems

Source: Veriff

90 % of US respondents anticipate further online fraud increases through 2025

Facial recognition technology has advanced from simple image comparison to sophisticated liveness detection systems that distinguish genuine users from presentation attacks.

Advanced algorithms analyse microexpressions, eye movements, and skin texture variations to identify spoofing attempts in real-time.
Fingerprint and voice recognition technologies offer complementary verification layers, with voice biometrics proving particularly effective in call centre environments. However, each method has limitations – facial recognition struggles in poor lighting conditions, while fingerprint scanners may fail with certain skin conditions.
The key lies in understanding that biometrics represent identity assurance rather than absolute security.
“ We are bringing what we call real identity, which is your biometrics, in a very secure way with modern AI systems,” explains Eduardo Azanza, CEO at Veridas.
AI-powered document authentication has transformed identity verification by
154 November 2025