Using Mobile Biometrics For Know Your Customer Applications

Safran Identity and Security is urging companies to embrace mobile and biometric innovations for Know Your Customer and self-registration applications. A new post on the company’s website points out that while organizations such as banks are already very familiar with KYC and self-registration options for customers, they now have an opportunity to make such systems even more efficient and easy to use with these new technologies.

Using Mobile Biometrics For Know Your Customer ApplicationsTo that end, Safran is promoting its selfie-based solution, which it promoted at this year’s Mobile Connect Summit. The system leverages the reliability of government-issued identity documents together with the accuracy of biometric identification to enable self-registration: A user needs only to take a selfie and a photo of her ID card, such as a passport, and to supplement it with any necessary biographic information.

The solution has a number of potential applications, but Safran highlights its utility in setting up a new bank account, which the company argues can be done in just a few minutes. Indeed, with banks increasingly using mobile-based biometrics to authorize a range of transactions and let users access accounts, using the technology for registration purposes would appear to be the next logical step.

 

(Originally posted on FindBiometrics)