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
Secure Data Storage
Safely store and manage biometrics and other sensitive data to support many enterprise use cases.
Deduplication & Blocklist Checks
Search for duplicates, synthetics and blocked identities in account opening and prevent fraud downstream.
Passwordless Login
Close the gaps in your IAM solution and extend your FIDO implementation so your enterprise is truly passwordless.
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.
Insurance
Revolutionize insurance with cutting-edge privacy and security solutions, delivering unmatched trust and data protection.
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.
24%
Americans have been victimized by fraud or identity theft while using gig economy platforms
Nearly half of gig economy employers report at least one instance of employment identity fraud
90%
increase in account takeover fraud
422M
victims of identity theft last year
24%
Americans have been victimized by fraud or identity theft while using gig economy platforms
Nearly half of gig economy employers report at least one instance of employment identity fraud
90%
increase in account takeover fraud
422M
victims of identity theft last year
In the fast-paced world of gig economy apps, privacy is not just a preference – it’s a necessity. Anonybit is your gateway to a more secure and confidential gigging experience with our decentralized biometric authentication. Prevent account takeover fraud and revolutionize the way your employees and contractors connect with you with strong user authentication. It’s a win-win for both parties – increased trust and privacy in one seamless package.
"Ping Identity is committed to expanding our technology partner ecosystem to enhance digital customer experiences across the entire user journey. Our partnership with Anonybit makes integration seamless for customers to quickly benefit from the robust PingOne Cloud Platform."
Loren Russon SVP Product Management, Ping Identity
Blocklist Checks
Using the Anonybit decentralized backend, search existing records to ensure that someone is not already in the system under another name for secure downstream user authentication.
User Authentication
Invoke Anonybit to ensure someone is who they claim to be at any point in the user journey with decentralized biometric authentication - set up an account, access an account, withdraw funds, change account information and more. The possibilities are endless for user authentication.
Account Recovery
Instead of passwords, security questions, OTPs that can be easily circumvented or authenticator apps and tokens that are cumbersome, use Anonybit decentralized biometric authentication for quick and easy account resets.
Ingest biometrics from any source
1:N lookups
Decentralized biometric storage
Identity 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 needs with decentralized biometric authentication.
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 decentralized biometric authentication system is encrypted with its own cryptographic key, which is not accessible by any administrator, eliminating insider threats.
Connect credentials, tokens, FIDO PassKeys and more to a trusted biometric profile to create the foundation for strong, two factor decentralized biometric authentication downstream.
Leveraging state of the art NIST tested algorithms with built-in liveness detection, Anonybit provides reliable, strong user 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.
Recent statistics highlight the escalating risks of fraud in the gig economy. According to industry reports, incidents of identity theft, payment fraud, and unauthorized access have surged in recent years. By choosing Anonybit, you’re not just embracing privacy; you’re actively protecting yourself against the growing tide of gig economy fraud with innovative, decentralized biometric authentication. Our existing integrations make it easy to get started quickly.
Looking for a different integration?
Talk to our solutions team today.
Leverages biometrics for user authentication 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 HIPAA, 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 user authentication from anywhere and at any time.
RESOURCES
Credit unions, with their member-focused approach and community-oriented services, have become increasingly popular. However, they face unique challenges when it comes...
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Get rid of central honeypots of data. Embrace biometrics across the user lifecycle.