24 February 2021 16:40 GMT
Signicat, a digital identity company, today revealed new analysis by P.A.ID Strategies that shows financial institutions are wasting at least €5.7 billion every year due to poor customer onboarding and abandonment.
The analysis follows the release of Signicat’s regular report into the state of financial services onboarding, The Battle to Onboard 2020. This year’s report was the worst for the industry since it debuted in 2016, with 63% of consumers in Europe abandoning financial applications in the past year. This is a sharp increase of 23 percentage points from the abandonment rate in 2019.
To understand the financial implications of such a high abandonment rate on institutions’ cost of acquisition, Signicat commissioned specialist research firm P.A.ID Strategies to build a model using primary data from European banks and the abandonment rate uncovered by the Battle to Onboard survey.
23 February 2021 16:38 GMT
Shufti Pro, an identity verification services provider has rolled out its Digital COVID Pass solution for fast and authentic COVID test verification at public facilities airports, shopping malls and local travel stations.
Shufti Pro is one of the leading vendors of online identity verification solutions, providing KYC verification and AML screening services to various industries around the globe. Now the company is extending its service to business in providing a robust and efficient Digital COVID Pass solution for quick and accurate COVID-PCR test verification.
Governments around the world are making new restrictions that require the public facilities to ensure that every citizen visiting must present them with an authentic and negative report of the COVID-19 test. Shufti Pro’s Digital COVID Pass can not only verify the report’s legitimacy but also streamline the checking process and reduce the hassle of manual labor.
23 February 2021 16:41 GMT
Ideal Innovations, Inc. (I3), announced today that it is beginning a rollout of its Facial Identification Proficiency Test (PT). The Proficiency Test complements their industry leading Facial Examination Training.
The new PT is accredited by the American National Standards Institute (ANSI) National Accreditation Board (ANAB) and fulfills the requirement of ISO/IEC 17043:2010 in the field of Proficiency Test Providers. The PT is aimed at measuring and confirming the skill sets of the practitioners.
The test will evaluate skills and strategies when conducting facial comparisons. It is designed for those who are completing facial comparisons as part of their regular job duties either as a facial reviewer (one who adjudicates candidate lists) or a facial examiner (one who conducts a formal systematic facial comparison) and have been determined to be competent (as reviewers or examiners) by their respective agency, organization, or other entity.
22 February 2021 15:47 GMT
U.S. Customs and Border Protection (CBP) officers recently made an apprehension in Toronto and Vancouver, immediately following the implementation of Simplified Arrival, an enhanced international arrival process using facial biometrics, which began in Canada earlier this month.
In Toronto, CBP officers identified a facial mismatch of a Canadian citizen attempting to travel to the United States. Upon further inspection, CBP officers uncovered that the traveler attempted to use her sister’s passport for entry into the United States. The imposter was denied admissibility and turned over to Canadian authorities.
In Vancouver, during the Simplified Arrival process, CBP Officers identified a traveler who had been a previous deportee from the United States. A secondary inspection further uncovered that the traveler had claimed asylum in Canada, but did not have a valid travel waiver, nor did he have permission to reapply for admission into the United Sta