Image Recognition
With rising mobile and internet penetration, banking and identity solutions have shifted to mobile. These advancements in technology and banking solutions have brought simplicity and ease to financial services. Rising cyber FraudIn recent years there have been ongoing reports of banking fraud and breaches both in the fintech and traditional banking sectors. There’s quite a lot of KYC automation technology and other security technology currently available in the market. By looking around the ecosystem for existing solutions and sharing available data with industry peers they can scale more efficiently and more securely.