Identity Proofing: Document-Centric vs. Data-Centric
Given the accelerated pace of digitalization fed by increasing demand for speed and 24/7 online convenience, financial institutions (FIs) are faced with the need to move a greater number of activities online. Some FIs may do so at the expense of increasing risk of fraud, while others may do so with greater inconvenience to account holders, but fortunately, technology is making it easier to get the balance just right.
