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Some facts about biometric security

Apr 26, 2021 In recent news, South Africa has been shocked by numerus cases of identity fraud in the telecommunications, e-commerce, and financial sectors. The South African Fraud Prevention Service (SAFPS) has indicated that there have been major increases in instances of identity fraud, with impersonations up by 337%. “Biometric identification offers businesses and ultimately consumers the ability to protect their finances and their actual identity as well,” says Gur Geva, founder and CEO of iiDENTIFii. “It is beneficial for the public to understand elements of facial authentication and how it adds an extra layer of security.” Geva explains that there are facets of biometric identity and security that need to be explored so organisations and consumers can see the positive attributes the industry has to offer.

UK s National Fraud Database Cifas Reports Identity Fraud Up Significantly, New Survey Finds Digital IDs May Solve Problem

Survey results shared by Duff & Phelps, A Kroll Business on Tuesday (April 21, 2021) revealed that 81% of respondents either agreed or strongly agreed with the idea that digital IDs may improve our ability to combat financial crime across the financial services sector. Duff & Phelps, which offers governance, risk, and transparency solutions, has polled professionals working in the financial services industry. The survey’s findings reveal that financial crime is now the main driver behind the development and adoption of digital ID services. Around 34% of the survey respondents said that more effective Know Your Customer (KYC) processes/checks were the main potential benefit to their firm.

Financial Services Support Digital ID, With 81% Of Firms Agreeing It Would Improve Financial Crime Prevention Across The Industry, Survey From Duff & Phelps, A Kroll Business Reveals

Financial Services Support Digital ID, With 81% Of Firms Agreeing It Would Improve Financial Crime Prevention Across The Industry, Survey From Duff & Phelps, A Kroll Business Reveals Date 21/04/2021 Survey results released today by Duff & Phelps, A Kroll Business, the world’s premier provider of governance, risk and transparency solutions, reveal that 81% of respondents agreed or strongly agreed the concept of Digital ID would improve the effectiveness of financial crime prevention across the FS industry. The survey, which polled professionals  working within financial services, goes on to reveal that financial crime is currently the primary driver behind the adoption of digital ID services, with 34% of respondents citing more effective Know Your Customer (KYC) processes as the greatest potential benefit to their company. Other advantages cited were lower operational costs (20%), efficient ID verification (20%) and more robust verification processes (14%).

Ahmed Idris: An Administrator in Pursuit of Excellence

Yunusa Tanko Abdullahi While it is likely that the best pursuits in life for many have yet to be discovered, every person can however make his or her own job title. Therefore, the best quest in life, for each person, is the one that they believe in, and for which they would sacrifice every other thing. For Alhaji Ahmed Idris, the Accountant-General of the Federation (AGF), it appears he knew he could be a better accountant, a career for which he would sacrifice many other things. He pretty much only needed his hands and mind; this certainly being a lifetime mission for results-oriented administrator in pursuit of excellence for his career satisfaction.

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