Download the 2024 Gartner® Hype Cycle™ for Financial Crime

Stay ahead in the fight against financial crime prevention with the Gartner Hype Cycle for Financial Crime, 2024. Find Facephi at Third-Party Biometrics section. Download it to:

Understand the complexity and advanced technologies fraudsters use.
Explore beyond traditional methods by integrating augmented biometric authentication to enhance KYC/AML processes.
Learn how innovative authentication technology can mitigate the risk of security breaches for financial institutions.
Secure a strategic overview of emerging technologies ready to meet the current and future challenges in the banking sector.

Enter your details to access the Gartner® Hype Cycle™ for Financial Crime

Security

Enhancing financial security with Facephi

Safeguarding identity across the customer journey

Designing secure and seamless customer journeys is now a central focus. Integrating different signals, such as passive behavioral traits, at various stages of the journey helps achieve a balance between effective fraud detection and managing operational costs. Facephi’s innovative use of passive biometrics and continuous authentication guarantees that users enjoy a smooth and secure process.

Generative AI's response to fraud concerns

Generative AI (GenAI) provides a transformative solution, addressing the pain of insufficient data for fraud detection model training through synthetic data generation. This boosts predictive capabilities against fraud and increases the efficiency of the detection process. Additionally, GenAI helps in streamlining the fraud investigation and reporting, countering one of the main client concerns: the time-consuming and labor-intensive nature of traditional fraud management systems.

Protecting clients with preemptive fraud detection

Preemptive fraud detection emerges as a crucial technological strategy within banking, focusing on early identification and mitigation of potential financial crimes. Essential tactics include phishing surveillance, spotting money mules, forecasting transactions, and conducting detailed forensic analysis. This approach is crucial for early identification and mitigation of financial crimes.

Gartner, Hype Cycle for Financial Crime, 2024, Vatsal Sharma, Pete Redshaw, 31 July 2024

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and HYPE CYCLE is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.