Identity verification for pensions and life savings
Protect your members from identity fraud and transform their pension and savings experience.
Pensions provide guaranteed monthly income in retirement and life savings are important safety nets for unforeseen expenses. Therefore, it is crucial for pension providers to build trust with their members, offering them security and protection from fraudulent activity and pension scams at the highest possible level.
Knowing your pension member and verifying their identity is a key to the security of pension providers and their members.
By introducing biometric identity verification pension providers can deliver robust security to their members, introduce frictionless experience and as well as keep their database up to date, reduce manual paperwork, build trust and
How can Facephi help?
Facephi works with pension providers to deliver seamless member experience, protect their savings from pension scams and identity theft.
Facephi provides robust biometric technology for digital verification enabling pension providers to improve their service to customers. It is reliable and secure by design, seamlessly integrated with providers’ technology and identity verification processes.
Facephi’s biometric solutions are designed with advanced and intuitive user experience, accessible and inclusive for all users, no matter their age or abilities.
How does it work?
A new member captures an ID document on a mobile phone camera and then takes a selfie.
Advanced OCR automatically extracts all the data from a photo ID document in real-time, validates it and matches the photo of a member to the photo on the ID document.
Passive Liveness determines whether the user is a live person in presence.
Sophisticated user experience requires minimal cooperation from members.
Authentication technology easily verifies members in seconds, at each interaction point: log in to view pension dashboard/account, withdraw funds, make a transfer and more.
Extra layer of security can be added with NFC reading, transaction monitoring, detecting suspicious activity, connection to government databases, geolocation, etc.
Benefits to pension and savings providers
Digital Identity Verification for pensions
Onboard members quickly,
reliably and securely
Validate your returning customers at log-in and high value actions.
Identity Verification Platform
A single platform for all identity verification orchestration. Design bespoke member experiences in real-time. Monitor member activity and transactions, fortify security to alert on suspicious activity or pension scam threat.
Facephi is certified
Contact us today to learn more about how Facephi’s biometric technology can protect pension and life savings providers and their members from fraud, grow trust and revenue.