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Fraud Protection for Financial Institutions

Equip your bank or credit union with a powerful, proven solution to stop fraud

The Problem

Fraud is a multi-billion-dollar problem for financial institutions, even in banks and credit unions that invest in anti-fraud solutions. The annual costs are staggering: $32 billion in card fraud (despite chip-and-pin cards). $50 million in wire transfer fraud in the US alone. $17 million in mortgage fraud. $7 billion in auto lending fraud. There isn’t a transaction type that doesn’t incur significant losses every year.
But these financial losses are just the start. Fraud also can tarnish your brand image, diminish your credibility, and cause consumers to lose trust in your institution and take their business elsewhere.

Current anti-fraud approaches just don’t work

Learn how one organization reduced fraud by 75%!

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Traditional anti-fraud solutions don’t solve the problem because they rely on personal IDs, badges, or big data—all of which a fraudster can hack or manipulate easily. And when that happens, all you’re left with is a financial loss and a false ID.
Identifid takes an entirely different, effective approach: Combining biometrics, vision processing technology, and a patented process to link the individual to their behavior (not their ID).

The Solution

Identifid stops financial institution fraud in its tracks

Banks and credit unions can now prevent fraud across any transaction type with the Identifid solution. Whether consumers are opening a new account, attempting a wire transfer, or applying for a credit card, line of credit, mortgage, or other loan, Identifid easily and accurately captures their biometric signature—a much more reliable indicator than traditional IDs.

With Identifid as your trusted solution, fraud prevention becomes effective and easy.

Identifid Benefits

Confirm a customer’s or member’s true identity by capturing their biometric signature when they open an account, request a wire transfer, or apply for a loan or other credit.

Identifid Benefits

Improve staff productivity by eliminating time-consuming identity-checking and manual data entry at the teller or service line.

Identifid Benefits

Maintain a high level of service by adopting a fast, non-intrusive approach to fraud prevention.

Identifid Benefits

Increase your confidence in offering new add-on services or serving unknown consumers at shared branching locations.

Identifid Benefits

Deter fraudsters from proceeding just through the presence of a biometric camera at the teller line or loan processor’s desk.

Identifid Benefits

Get up and running fast with a plug-and-play solution that doesn’t require integration with your transaction processing system.

Identifid Benefits

Safeguard personal identifying information and reduce data breach concerns, since there’s no need to store biometric data on your systems.

Identifid Benefits

Improve your “know your customer” efforts and enhance your confidence by checking IDs and biometric signatures separate of transactions (an optional service).

remittance fraud
Stop account opening fraud
Account opening is the gateway to a broader relationship—and a prime target for fraud. Keep fraudsters from accessing high-reward services by using Identifid to capture a biometric signature for accounts opened in-branch or online.
credit-card-fraud
Protect against credit fraud
Don’t let a fraudster get a credit card or line of credit with a stolen identity, leaving you with nothing but a bad ID and a loss. Use Identifid to capture their biometric signature before issuing a card or opening a credit line.
mortgage-fraud
Reduce mortgage fraud
Mortgage fraud losses average $250,000+ per case. Before you disburse mortgage funds, use Identifid to require a biometric signature—instead of simply asking for ID.
auto-fraud
Prevent auto fraud
Auto financing fraud leaves your institution with a bad loan and no collateral. Avoid the risk by using Identifid to link auto loan applicants to their behavior (not their ID).
wire-fraud
Halt wire transfer fraud
Creative fraudsters can impersonate executives and high net worth-individuals to authorize wire transfers. Head them off by capturing a biometric signature before completing the transaction.
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Identifid delivers everything your bank or credit union needs to prevent fraud

Fraud Dropped By 75%
Identifid Benefits

Ties the individual to their transaction (not their ID) for improved fraud protection

Identifid Benefits

Combines a patented process with biometrics and vision processing technology for the highest accuracy

Identifid Benefits

Simplifies implementation with a plug-and-play design that doesn’t require time-consuming system integration work

Identifid Benefits

Reduces your fraud prevention costs through an affordable monthly subscription fee per device

Identifid Benefits

Makes fraud prevention entirely non-intrusive for your customer or member

Learn

How the patented Identifid process can stop fraud at all your retail locations

Discover

Why Identifid is your best approach in the fight against retail fraud

Find out

How easy it is to get started with Identifid
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