Are Biometrics Truly the Key to Securing Financial Services Sector?

Presented by

Daryl Huff, VP Advanced Development - Jumio

About this talk

Phishing scams have become a significant concern for the financial services industry, especially with the rise of generative AI like ChatGPT enabling more sophisticated attacks. To address this, financial institutions must review their current KYC processes and technologies. Join our session to learn more about: • Evolving fraud tactics used by sophisticated fraudsters. • The dual role of AI as a potential threat to financial services and a tool to combat financial crime. • Implementing multi-factor and risk-based biometric authentication to enhance online platform security.
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Jumio helps organizations to know and trust their customers online. From account opening to ongoing monitoring, the Jumio Platform provides advanced risk signals, identity proofing and compliance solutions that help you accurately establish, maintain and reassert trust. Leveraging advanced technology including automation, biometrics, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC and AML. Jumio has processed more than 1 billion transactions spanning over 200 countries and territories from real-time web and mobile transactions. Based in Sunnyvale, Jumio operates globally with offices in North America, Latin America, Europe, Asia Pacific and the Middle East and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners. For more information, please visit