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.
Biometric identification is nothing new. It has literally become a fabric of our everyday routine, with most of us having things like fingerprint recognition readily accessible on our cellphone. In the corporate world though, biometric identification plays a much more important role in fighting crime.
It’s hard to think of life without technology. From being able to stream movies on Netflix, asking Alexa to play our favourite songs or just being able to Google the weather, latest soccer scores or answers to life’s most puzzling questions – technology is playing a central role in the way we work, play, and …
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.