5 Ways Fraudsters Fake IDs and how your face can stop them

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Identity fraud cost the United States $16.8 billion in 2017. For Financial Services, the issue is acute. Thanks to a recent spate of data breaches, SSNs and other traditional identifiers are no longer fit for purpose. But without identity verification, new customers can’t be onboarded.

Increasingly strict KYC and CDD regulations are raising fresh challenges. Add too much friction, and the user experience suffers. New solutions will need new thinking – and new technologies.

Join this webinar to learn:

- How new regulations like NIST, the Banking Reform Act and GDPR are driving disruption in financial services
- How financial services can leverage new technologies like biometrics, AI and machine learning for more scalable and secure digital onboarding
- Why passive data proofing is no longer enough – and which authentication approaches to avoid

The financial services industry is torn between the twin disruptions of rapidly-changing consumer expectations, and the equally rapid advance of regulation.

But do these two forces always need to be in opposition? Or is there a way for financial services to align the goals of regulations with customer demand?

Exploring the regulations that matter most and how they affect the industry, this talk will look at ways to build a customer centric business while still meeting the goals of regulation.

Join this webinar to hear from Del Nadarajah, Director at Deloitte, and Yuelin Li, VP Strategy at Onfido, and learn about:
- Key trends in financial services and regulation
- The evolution of FinCrime
- Which regulations are changing the consumer financial services landscape
- The current state of play in digital identity
- Best practice in customer centricity
- The fragmented customer journey and the future of holistic digital identity approaches

"Banking and securities organisations are expected to accelerate business processes and innovate at a much faster scale than ever before. However, finding the balance between innovating and still staying compliant comes with its share of risks.

Join this panel to learn:
-How can financial institutions reduce operational expenses whilst also reducing risk
-Best practices for data management and streamlining processes
-The benefits and challenges of moving to the cloud"

Leda Glyptis, Chief of Staff, 11:FS
Jennifer Bers, VP of Sales, Onfido
Denise Bedell, Executive Director, Content Innovo
Polina Evstifeeva, Head of Regulatory Strategy - GTB Digital, Deutsche Bank

Identity theft is the fastest growing crime in the US. Globally, 1 in 60 online transactions are fraudulent. And if you don’t know who your customers are, you can’t onboard them to your platform.

Though businesses are moving online, their identity verification and KYC processes haven’t. Instead, the old processes are being shoehorned into the digital age. So how can you update your onboarding for the digital age?

Join this webinar with Onfido’s Parker Crockford to learn:

What new CDD and KYC regulation means for user onboarding
Why the SSN is no longer reliable – and what’s going to replace it
How new technology like biometrics, AI and blockchain can help

The interplay of Humans and Machines in AI-based Automation

Machine learning systems are now routinely performing complex tasks at unparalleled levels of performance across a wide range of applications. However, mission-critical applications such as those in financial services have a minimum tolerance for errors and error correction. Resultantly, the design of machine learning-based systems for such applications requires unprecedented levels of oversight and adaptability.

An optimal system has the right level of interplay between humans and machines. Onfido employs a large number of machine learning models to deliver scalable, secure and frictionless identity verification for their clients, whilst giving clients accurate data they need to remain KYC compliant—so ensuring their models deliver real-world results is business-critical. In this interview we talk with Mohan Mahadevan, VP of Research at Onfido, to learn about how the constraints on these applications, the tradeoffs in an optimal system, and what the future looks like.

Mohan Mahadevan, VP of Research, Onfido
Tony Fish, Founder, AMF Ventures


About Mohan

Mohan is an expert in computer vision, machine learning, AI, data and model interpretability, previously leading research efforts at Amazon as Head of Computer Vision and Machine Learning for Robotic Applications. He has over 15 patents in areas spanning optical architectures, algorithms, system design, automation, robotics and packaging technologies. As Onfido’s VP of Research he leads Onfido’s team of specialist machine learning engineers and is focused on ensuring their systems work both in the lab and the real world.

Onfido and iovation have teamed up to examine how companies in the Demand Economy balance detecting and eliminating fraudulent account activity, provide safe and seamless authentication/authorization experiences, and maintain compliance in digital environments across any industry. You will hear from world-renowned fraud expert and Onfido Head of Fraud, Michael Van Gestel, who will dive into current fraud techniques and challenges in a digital world. Many government agencies count on Michael’s expertise and training - including global airports and Interpol - to detect the most innovative and clever forms of fraud.

You will learn:

- Keys to ensuring provider and consumer safety and how to create a trusted digital business
- Ways to make the internet a safer and more trustworthy place to do business
- How to build trusted and secure online connections for your members/clients
- Steps you can take to protect your business and your members/clients