Selfie videos used to be a foolproof way of ensuring that your clients are who they say they are, for example when opening a new bank account. Clients are prompted to record a short video of their face while following a set of instructions such as looking from left to right. The videos are then used to verify the person behind the device.
However, with every leap forward in verification techniques comes a corresponding advance in fraud. By using fake videos, fraudsters can get around this step and gain access to your clients’ accounts. This poses a significant threat to businesses that rely on online identity verification for security, compliance, and client trust. It exposes them to potentially significant financial losses and reputational damage.
To address this challenge, Fourthline has built a proprietary system to detect selfie video tampering to enable financial service providers to ensure the integrity of their identity verification processes and stay ahead of fraudsters.
