An Identity Assurance Level Grades Evidence, Not Your Checks

The article highlights a critical shift in how identity assurance levels are assessed, emphasizing that the quality of evidence, like document scans and selfies, is what truly matters, not just the smoothness of the capture process. This approach is a step forward in combating fraud and ensuring more reliable verification. By focusing on robust evidence rather than procedural aesthetics, companies can better safeguard against identity theft and fraud, ultimately benefiting consumers and financial institutions alike. This change underscores a more secure and efficient path to onboarding.

Original Source

Read the full article at Finextra →

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