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Biometrics, fairness, and inclusion
July 27, 2023, 8:55 p.m. | Mitek
Biometric Update www.biometricupdate.com
The pandemic-accelerated shift to digital transactions and services has created an immense challenge for banks. Amid the torrent of new applications for digital accounts and financial services, organizations must verify applicants’ identities without real-world interaction and assure biometric bias is minimized.
There is an immense opportunity for banks and financial institutions that implement reliable, proven remote identity verification solutions. Success will depend on providers being able to trust consumer digital identities and consumers being able to trust providers are recognizing …
accounts applications banks bias biometric biometrics challenge digital digital-identity fairness financial financial inclusion financial institutions financial services identities identity document identity verification inclusion institutions mitek opportunity organizations pandemic services torrent transactions verify white papers and reports world
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