Fraud & Risk
Mitigating Card-Not-Present Risk: Use of Biometrics for Customer On-Boarding and Reducing Transaction Risk
As an online money transfer company, Ria Financial has several fraud and risk concerns, among them being onboarding, identity theft, and compliance/anti-money laundering. In this presentation, learn how the company's biometric-based strategy built around facial recognition allows them to mitigate these risks. Potential drawbacks and recommendations for avoiding them are included in this review.