Ep. 35 Unmasking biometrics: identity, AI, and the future of fraud prevention

Veriff Voices

17-10-2024 • 28 min

With consumers increasingly open to integrating biometrics into daily life, this episode underscores the essential role biometrics play in identity verification and fraud prevention. Chris Hooper and Geo Jolly examine how AI and facial biometrics authenticate users and combat fraud, including account takeover fraud, where unauthorized access can lead to significant financial damage. They also discuss privacy, data protection, GDPR compliance, practical tips for businesses adopting biometric technology, and much more...
[00:31] Introduction
[02:08] What are biometrics?
[03:44] Common use cases of biometrics
[05:17] User experience with biometric systems
[06:32] Benefits of facial biometrics for fraud prevention
[08:23] Detecting and preventing fraud using facial biometrics
[10:28] Understanding the feedback loop in biometric systems
[12:15] Biometric authentication types and their use cases
[14:06] Using biometrics to prevent account takeover
[18:24] Trends in biometric technology adoption
[21:53] Best practices for implementing biometric technology in business
[26:14] The future of biometrics: adoption trends and AI integration

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