The global pandemic has changed the ways in which we interact on many levels, but also, the ways that we transact.
Although traditional banks have increasingly begun to look at the ways in which they can digitize account onboarding processes, this is an area where digital native challenger banks have always excelled.
It’s imperative that banks find the optimal balance between quickly and securely onboarding legitimate customers without igniting this chain reaction. To achieve this balance, there are lessons traditional banks can learn from their challenger counterparts.The sudden shift to the online world means many people have had no choice but to adopt digital banking.
jumio Using Face biometrics won’t stop fraud. Stolen identity would still occur similar to fraudulent IDs.
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