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...
Anonybit Genie
Digital Onboarding
Store identity data that is collected during digital onboarding to preventing account takeover fraud later.
Binding
Link additional attributes to a stored biometric profile to enable MFA downstream.
Passwordless Authentication
Leverage the "who you are" factor to ensure someone is who they claim to be at the time of a transaction.
Account Recovery
Mitigate fraud risks and secure the weakest link in the identity chain with biometrics.
How Anonybit Works
Decentralized Biometric Storage
Safely store and manage biometrics to support many use cases across the enterprise.
Deduplication & Blocklist Checks
Search for duplicates, synthetics and blocked identities in account opening and prevent fraud downstream.
First-Party Fraud Prevention
Create an irrefutable audit trail that prevents unnecessary chargebacks and false fraud claims.
Step Up Authentication
Use biometrics instead of weak authenticators to ensure that someone is who they claim to be.
FIDO PassKey and Wallet Recovery
Close the gaps in your IAM solution and extend your FIDO implementation so your enterprise is truly passwordless.
Transaction Verification
Process transactions safely and securely with biometric signatures that ensure there has been no account takeover.
Workforce Authentication
Close the gaps in your IAM solution and extend your FIDO implementation so your enterprise is truly passwordless.
Contact Center Authentication
Lower AHTs, reduce fraud and enhance the caller experience at the help desk with seamless biometric authentication.
Biometric OTP
Eliminate the risk of phishing and SIM swap fraud by using biometrics instead of codes for fraud prevention.
Secure PII Storage
Enhance enterprise data security with biometric ransomware prevention
Banks & Credit Unions
Strengthen bank security by closing the circle of identity with our decentralized biometrics powered platform.
Fintechs
Ensure a stellar fintech journey without compromising on security.
Retail & Hospitality
Unleash powerful customer experiences online, in-store and in between with privacy and security in mind.
Healthcare
Preserve the highest levels of patient data security with privacy-enhancing biometric authentication.
Gaming
Introduce a new era of gaming where privacy and security meet performance.
Gig Economy
Set your gigging site apart with an elevated experience that protects buyer and seller privacy.
Telecommunications
Prevent SIM swap fraud and enable quick account access with strong authentication built on a privacy-first foundation.
Enterprise
Reduce the risk of data breaches and ransomware attacks with a biometric authentication solution that covers you from the desktop to the help desk.
Government
Propel identity management processes and secure backend personal data repositories with our decentralized backend.
21%
of online gamers were hacked last year
60%
growth in online gaming fraud attempts year over year
90%
increase in account takeover fraud
89%
of gamers want developers to pay more attention to cybersecurity
21%
of online gamers were hacked last year
60%
growth in online gaming fraud attempts year over year
90%
increase in account takeover fraud
89%
of gamers want developers to pay more attention to cybersecurity
Bid farewell to concerns about data breaches and unwanted exposure. Anonybit employs end to end identity management and KYC fraud prevention features, keeping you in compliance with age restrictions and data protection regulations while protecting users’ sensitive information, so you can focus on what matters – the game. With state of the art decentralized biometrics, Anonybit ensures that only the right people have access to your platform for maximum digital wallet security. No more frustrating lags or interruptions. No more first party fraud or account takeovers. Just seamless, uninterrupted gameplay.
"The biometrics industry has literally exploded in the last 18 months but in order for this market to truly become mainstream, the issues of privacy and security must be addressed. Anonybit is well- positioned to tackle this final frontier.”
Maxine Most Principal, Acuity Market Intelligence
Blocklist Checks
Using the Anonybit decentralized biometric backend, search existing records to ensure that someone is not already in the system under another name and maximize KYC fraud prevention.
Authentication
Invoke Anonybit to ensure someone is who they claim to be at any point in the user journey - access an account, add funds, withdraw funds, change account information and more. The possibilities are endless while ensuring gaming app and digital wallet security.
Account Recovery
Instead of passwords, security questions, OTPs that can be easily circumvented or authenticator apps and tokens that are cumbersome, use Anonybit selfie biometrics for quick and easy account resets, digital wallet security, and KYC fraud prevention.
Ingest biometrics from any source
1:N lookups
Decentralized biometric storage
Binding
Authentication
Account Recovery
Anonybit can ingest images from any source for enrollment. If there is no account registration process that already requires selfie capture, Anonybit can provide an intuitive interface that checks for liveness, deepfakes and injection attacks.
Today’s fraudsters know how to get around today’s identity verification protocols. The one thing they cannot hide is their face. The digital onboarding module runs a search against the existing biometric profiles to give you a clean, trusted biometric directory that you can rely on for all your identity management and digital wallet security needs.
Biometrics are sharded and stored across a multi-party cloud environment such that no party has access or knowledge of the data held by another party at any time. Each component of the system is encrypted with its own cryptographic key, which is not accessible by any administrator, eliminating the even insider threats.
Connect credentials, tokens, FIDO PassKeys and more to a trusted biometric profile to create the foundation for strong, two factor biometrics downstream.
Leveraging state of the art NIST tested algorithms with built-in liveness detection, Anonybit provides reliable, strong authentication regardless of device or channel – digital, physical, chat, call center.
Anonybit neutralizes this attack vector, while reducing authentication time by 70%, lowering fraud and improving the user experience, with the savings going straight to your bottom line.
Once a fraudster has access to a player’s account, they can withdraw funds, promote new phishing scams and obtain other gamers’ information, change account information, steal credit card information and more. Anonybit prevents fraud by seamlessly integrating biometric-based KYC fraud prevention into your existing online gaming workflows. Whether your app is geared to the casual gamer or the seasoned pro, Anonybit advances the gaming journey.
Looking for a different integration?
Talk to our solutions team today.
Leverages biometrics to eliminate the gaps exploited by attackers. Not susceptible to device takeover, unlike traditional solutions that fall back to PINs, and knowledge questions.
No one-time passwords, emails or SMS that disrupt the user experience and are easily forgotten or stolen.
Enhances compliance posture with GDPR, CPRA, etc. and reduces concerns around storing and managing biometrics and other sensitive data.
From verifying identity for account creation, to accessing an account, adding funds, withdrawing funds to changing account information and more, Anonybit serves as your biometric system of record, enabling strong authentication and biometric-based KYC fraud prevention from anywhere and at any time.
RESOURCES
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Get rid of central honeypots of data. Embrace biometrics across the user lifecycle.