The Challenge For
Retail Credit Providers
Fraud prevention and detection is a critical concern for retailers who deal with high volumes of consumer credit applications. This concern arises when needing to verify a consumer’s true identity either remotely or in person, whilst applying for consumer credit facilities.
Comcorp’s secure biometric authentication solution Curata, is able to meet these challenges, by applying biometric facial recognition and liveness detection technologies to verify consumers in real-time.
Curata helps credit retail credit providers increase productivity and consumer conversion rates, as well as provides the credit provider with the consent required to pull the consumer’s onboarding documents directly from source, whilst mitigating the risk of fraud.
Access to Bank Statements
By accessing bank statements in data format directly from the bank in real time, IDX enables straight through processing and provides assurance that the data can be trusted. IDX also provides convenience to loan applicants and enables lenders to close deals faster.
Access to Payslips
By accessing payslips in data format directly from the employer in real time, SPX enables straight through processing and provides assurance that the data can be trusted. SPX also provides convenience to loan applicants and enables lenders to close deals faster.
By using our tools to verify identity biometrically, our customers can go on to perform KYC, collect POPI compliant consent and prevent ID impersonation fraud.