Onfido, a leading global digital identity verification and authentication provider, has unveiled Motion, a next-generation biometric liveness solution to enhance its Real Identity Platform, launched in May.
Motion delivers seamless, secure and inclusive customer verification and is iBeta Level 2 certified. With a simple head-turn capture, businesses can automate customer onboarding, assess more customers, more quickly and efficiently while significantly reducing their fraud exposure.
Identity fraud has risen 43% year-over-year with sophisticated fraud increasing 57% as criminals employed smarter tactics, utilising realistic 2D/3D masks and deploying display attacks (for example, showing a picture of person on a screen) to try to spoof verification systems. And with nine out of 10 consumers comfortable accessing digital services, the opportunities for fraudsters are increasing.
Not only must companies now provide more accurate fraud measures when verifying new and existing customers, but they must also ensure they can establish trust with potential customers in under 10 minutes or risk losing them. Luckily, consumers are increasingly embracing biometrics, with 77% reporting that biometrics are more convenient than legacy verification methods.
Motion is built on Onfido’s award-winning AI technology, Atlas, ensuring users benefit from AI that is fast, accurate and fair, with next-generation fraud detection performance on a global level. Using Motion, user bias is reduced across all ethnicities, thanks to Onfido’s advanced Machine Learning models. These models have been trained to identify hundreds of thousands of fraud samples and analyse different elements of an identity document and facial biometric to stop fraud and reduce bias.
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