id verification trend and prediction
Three ID Verification Trends and Predictions for 2017
Philipp Pointner, VP Product of digital ID verification experts Jumio, highlights key issues in CNP fraud, mobile banking and the sharing economy that are set to affect businesses in 2017, whilst looking back at 2016's major trends to make insightful recommendations As 2016 draws to a close, businesses are taking stock of a year that witnessed ever more data breaches and cybersecurity incidents, the continued development of digital and mobile banking, as well as initiatives to boost consumer trust in the Sharing Economy. One thing that ties these three issues together is their reliance on security, specifically in the authentication and ID verification space. As we move into 2017, Philipp Pointner, VP Product of digital ID verification experts Jumio, outlines the opportunities and pitfalls for businesses operating in these areas, and how best to learn from 2016's major trends: Jumio delivers the next-generation in digital ID verification, enabling businesses to reduce fraud and increase revenue while providing a fast, seamless customer experience. Jumio uses computer vision technology combined with biometric facial recognition to verify credentials issued by over 200 countries in real time web and mobile transactions. Jumio's solutions are used by leading companies in the financial services, sharing economy, retail, travel and online gaming sectors.