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Selfie-Enabled ID Validation and Facial Recognition Capabilities Mitigate Fraud and Advance Digital Transformation

Irvine, CA, April 20, 2017

Supporting Quotes

According to industry analyst firm, Celent, “Many early online banking platforms had rudimentary mechanisms for account and loan origination, and many required customers to come to the branch for in-person KYC and to submit paperwork. That dog won’t hunt in today’s environment! One of many responses to the seismic changes in customer preferences has been a race to market with mobile customer acquisition capability.”1

“Mobile devices enable organizations to engage with customers where they are, and when and how they prefer to conduct business. Mobile customer onboarding addresses these needs but can be risky and still require face to face meetings,” said Reynolds C. Bish, Chief Executive Officer of Kofax. “Kofax Mobile ID framework with ID verification and facial recognition improves customer engagement and ensures regulatory compliance. It’s a game changer in industries like financial services where onboarding and enabling the immediate use of services are expected to fuel new customer acquisition and retention.”

Supporting Resources

Kofax Mobile ID, ID Verification, and Facial Recognition overview
Combating Fraud with Mobile Onboarding webinar

About Kofax

Kofax is a leading provider of software to simplify and transform the First Mile™ of business. Success in the First Mile can dramatically improve the customer experience, greatly reduce operating costs and increase competitiveness, growth and profitability. Kofax software and solutions provide a rapid return on investment to more than 25,000 customers in financial services, insurance, government, healthcare, higher education, supply chain, business process outsourcing and other markets. Kofax markets its solutions via a direct sales and service organization, along with a global network of more than 1,000 authorized partners in more than 70 countries throughout the Americas, EMEA and Asia Pacific.

For further information contact Sylvia Chansler, (949) 783-1476, sylvia.chansler@kofax.com.

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1 Celent Omnichannel Customer Acquisition 2.0 Vendor Spectrum, September 2016

© 2017 Kofax Limited. Kofax and Kofax TotalAgility are registered trademarks, and First Mile and Kofax Mobile ID are trademarks of Kofax Limited.

Source: KOFAX

April 20, 2017