Catalogs >
Thales Digital Identity and Security >
Single Vendor Approach to Banking Security

Single Vendor Approach to Banking Security
4Pages

Catalog excerpts

Single Vendor Approach to Banking Security

Single Vendor Approach to Banking Security As society becomes more technologically sophisticated, so does the way we manage and protect our money. Consumers are at the core of the banking industry, relying on the freedom to virtually connect from anywhere at any time. Automated Teller Machines (ATMs), online banking and mobile banking apps have simplified financial transactions for consumers around the world, however not without ample threats in identity theft, fraud and data breaches. Thales, a global leader in digital security, is alleviating these stressors and safeguarding customer...

Open the catalog to page 2

Single Vendor Approach to Banking Security - 3

High end fingerprint sensors and quality cameras built into today’s smart phones are allowing these online banks to benefit from increased security and efficiencies previously limited to faceto-face transactions. By incorporating Thales Cogent’s state of the art biometric algorithms and authentication software, customers can verify their identity remotely. By simply taking a picture of their ID document, Thales’ authentication software can authenticate the ID and capture the demographic information for error proof application completion. From there, users enroll some form of biometric such...

Open the catalog to page 3

Single Vendor Approach to Banking Security - 4

Document Readers - Know Their Identity We all know that identity fraud is a crime. Identity fraud and identity theft are used interchangeably as it pertains to an individual obtaining another persons’ personal data and using it as a means of personal gain. Typically credit cards and ID cards/passports are involved as fraudsters gain access to personal data, such as Social Security numbers, bank and credit card accounts. The resulting costs of such activity are high, including out of pocket costs to the victim and bank as well as time and energy spent trying to rebuild reputations. and more...

Open the catalog to page 4