4 Ways to Safeguard Your Credit Union Members From Fraud
Credit unions, with their member-focused approach and community-oriented services, have become increasingly popular. However, they face unique challenges when it comes...
In the realm of digital security, one-time passwords (OTP) have gained immense popularity as a method to enhance authentication processes and account takeover fraud prevention. They are simple, ubiquitous and already built into most application flows. These dynamic codes, typically sent to a user’s device, are designed to provide an additional layer of security, but with SIM swaps, social engineering and other phishing techniques that today’s fraudsters employ, standard OTPs can no longer be relied on to ensure account takeover fraud prevention. With the addition of privacy-enabled selfie biometrics, Anonybit powers biometric OTPs to new heights without disrupting the user experience, ensuring your digital transactions and sensitive data remain safeguarded like never before.
Bid farewell to cumbersome and ineffective authentication processes.
Send user an OTP with a magic link that opens a browser window for selfie capture.
User submits selfie for matching against the decentralized biometrics cloud.
Upon verification, user is redirected back to the digital application.
Workforce Authentication
Enable seamless access and protect corporate assets against theft and ransomware with privacy-preserving biometrics
Step Up Authentication
Ensure strong authentication when there is risky activity or other increased risk factors in a transaction
Transaction Verification
Create a biometric audit trail signature for each transaction to prevent disputes later
ANONYBIT GENIE MODULES
The Anonybit Genie is the first integrated identity management system built with privacy-by-design from the ground up. Connecting the user lifecycle from digital onboarding to authentication and beyond with persistent biometrics, Anonybit eliminates passwords, knowledge questions and other weak identifiers and ensures a seamless user experience at all service points – online, in person, in the chat, and on the phone – while maintaining the highest levels of user privacy.
Want to see how it works?
Digital Onboarding
Device Binding
Authentication
Account Recovery
RESOURCES
Get rid of central honeypots of data. Embrace biometrics across the user lifecycle.