shufti_pro_img On-premises Identity Verification for the Banking Sector
Search
Generic filters
shufti_pro_img
Report

On-premises Identity Verification for the Banking Sector

The IMF’s study on the global economic context suggests that although a possible rebound is expected in 2021, the global GDP is forecasted to be under USD 9.3 trillion.

324
Download

    Name *
    Company Email *
    Company Name *

    I agree to receive the latest updates, information, and relevant offers from Shufti Pro.

    Firstly accept our terms & conditions.

    What’s Inside the Report?

    • The Global Banking Landscape in 2021
    • Most prevalent banking frauds in 2021
    • Technology and its role in fighting FinCrime
    • On-premises vs Cloud Services
    • The Morgan Stanley Bank case
    • Why Shufti Pro’s on-premises solution

    Over the past few years, the financial services industry has been on a roll, embracing smart technologies, successfully adapting the COVID-driven trends, and delivering a purposeful experience to consumers. In this regard, top-tier financial institutions (FIs) like banks have pioneered technological disruption, creating more opportunities for FinTech to flourish.

    Banks are steadily incorporating digital services in their business models, given the emerging customer needs and the mounting demand for regulatory compliance. To come up with a feasible approach, banks started embracing regulatory technology to fulfil compliance criteria as well as to meet the remote banking needs of customers amid the pandemic. Before the global health crisis, banks maintained a steady capital ratio that helped the global economy survive through trying times.

    The global banking sector has timely recognised the need for robust policies and procedures to combat digital fraud, standardising Know Your Customer (KYC) and adopting emerging technology trends. Identity theft, privacy-based concerns, and protecting customers’ personally identifiable information (PII) remain the key challenges alongside delivering a seamless customer experience in 2021.

    To cater a viable solution to these problems, this report discusses “on-premises identity verification” which, depending upon the banking needs, offers stronger data residency, authorised access, and a greater sense of security for the customer.

    • holiday season

      Holiday Season – The Prime Time for ID Thieves and Financial Criminals

      View Detail Report
    • Shufti Pro Completes 4 Years of Fighting ID Fraud

      View Detail Report
    • On-premises Identity Verification for the Banking Sector

      View Detail Report
    • travel

      Shrinking the Space for Travel Industry Scams with Biometric Verification

      View Detail Report
    • new-resize

      Global Gambling Compliance: Regulations, Age Checks & Financial Safety

      View Detail White Paper
    • KYC Guide

      A comprehensive guide to KYC and AML compliance in Canada

      View Detail Product Guide
    • NFC-report

      NFC Verification: Not Cutting Any Corners With Remote ID Authentication

      View Detail Report
    • Digital COVID

      Digital COVID Pass for PCR Test Verification

      View Detail Report
    • Global Identity Fraud Report 2020 - Shufti Pro

      Global Identity Fraud Report 2020

      View Detail Report
    • Know-your-Patient

      Know Your Patient – A 360° view of patient identification in healthcare

      View Detail White Paper
    • image-report

      Enhanced AI – Augmenting Identity Verification with Artificial Intelligence

      View Detail Report
    • Kyc Guide Uk

      A comprehensive guide to KYC and AML compliance in the UK

      View Detail Product Guide
    • Insurance

      Growing Frauds and Financial Crime in Insurance and the Role of Digital KYC

      View Detail White Paper
    • Banking on Biometric

      Banking on Biometrics: The Future of Customer Authentication

      View Detail White Paper
    • ocr-img-whitepaper

      Fully Embracing Digital Transformation with Automated AI OCR Engine

      View Detail White Paper
    • GCC report

      Rising trend of KYC/AML compliance in GCC countries

      View Detail Report
    • video-kyc-product-guide

      Video Interview KYC – Efficient & Secure Customer Onboarding

      View Detail Product Guide
    • real estate

      Need for Identity Verification To Deal With Money Laundering Threats in Real Estate Sector

      View Detail White Paper
    • Remote-onboarding

      Onboarding Remote Employees: How Identity Verification Can Reduce Risks in Hiring Process

      View Detail White Paper
    • Whitepaper healthcare

      How Automation will Improve Operational Efficiency in the Healthcare Industry

      View Detail White Paper
    • Whitepaper telecom

      Automated ID Verification System to Tackle Telecom Frauds

      View Detail White Paper
    • whitepaper KYC-AML-compliance-for-ICOs

      Launching an ICO? Learn Why KYC and AML Compliance Matters

      View Detail White Paper
    • fintech-customer-video-KYC-img

      Fintech customer onboarding through video KYC

      View Detail White Paper
    • Impact-of-regulatory-changes

      Impact of Regulatory Changes in the Financial Sector

      View Detail Report
    • New account Fraud

      New Account Fraud- A new breed of scams

      View Detail Report
    • KYC-in-Gaming-Industry

      Tackling fraud while giving a seamless experience to the players

      View Detail White Paper
    • How Businesses can prevent fraud during COVID-19

      How businesses can prevent fraud during COVID-19

      View Detail White Paper
    • Need for online age verification to protect minors

      Need for Online Age Verification to Protect Minors

      View Detail White Paper
    • Biometrics for Identity Verification

      Biometric Technologies Reshaping Identity Verification

      View Detail White Paper