Artificial Intelligence in Philippine Local Governance: Challenges and Opport...
Matthew silverstone facebanx - Nesta presentation on biometrics
1. Online & mobile facial recognition technology helping to
combat fraud and ID theft for the Banking, Payments,
ID Verification, and Financial Services Industries.
9. Use cases
• Replacing passwords
• KYC – onboarding customers and stopping
multiple account fraud from occurring
• AML – confirming that the customer is the
correct person to withdraw or receive funds
• More secure accounts to stop account
takeover
• Increase acceptance rates – reducing the
grey area
• Meeting the changing rules from the
regulators