In today’s ever-evolving digital landscape, the concept of consumer consent has taken centre stage for companies. Gone are the days when consent was assumed; today, the control is firmly in the hands of the consumer.
Internationally, open Banking has been seen as a financial revolution – bringing about ways for consumers to feel more empowered than ever before – enabling them to be vetted and easily gain access to what they need given their lifestyle needs.
Our COO, Shanaaz Trethewey, shares her opinion on the ongoing debate about the rising customer acquisition cost. Unplanned downtime, customer perception, the cost of sophisticated fraud detection, and the inspection of potentially fraudulent documents are the key costs yet to be quantified in this equation.
One of South Africa’s major banks has partnered with Comcorp South Africa to implement a liveness detection solution into their banking app. This new collaboration will deliver a safe, seamless, and secure authentication experience for South African banking customers.
Facial biometric verification is one way of authenticating a customer and uses facial biometric technology to match a referenced image (i.e. a customer selfie) to a trusted source of images.
The rapid increase in identity fraud is a growing problem. Comcorp’s anti-fraud identity biometric solution called Curata, has been selected by TPN Credit Bureau. TPN in collaboration with Comcorp, aims to mitigate this risk with the help of Comcorp’s technology.