CumulusPro enhances IDentify+ with biometric features

Luzern, Switzerland, 1 September 2017 - CumulusPro today announced the release of new biometric facial recognition for IDentify+, a cloud-based digital ID verification platform that makes it fast and easy to verify customer IDs and other credentials to meet Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.

Companies especially in financial services are maximising digital channels to grow their customer base. However, these come with the increased risk of digital fraud. With more customers using online and mobile environments to manage their finances as well as perform transactions, there is an opportunity for criminals to tamper or fake documents for identity fraud.

With an estimated global loss of $16 billion in identify theft or fraud in 2016 alone, it is imperative that companies invest in the tools to prevent the issue of digital fraud. The addition of selfie-based facial recognition to IDentify+ is to address the problem of unauthorised account openings and money transfers faced by companies across many industries, especially in financial services.

Giulio Battistini,CEO of CumulusPro said: “Including new biometric features in IDentify+ will not only help companies to minimize fraud in unauthorised transactions, it ensures that the customer experience is not affected. Hence giving customers assurance and confidence to perform online transactions. Moreover, biometric facial recognition, combined with ID verification, will help to ensure that the identity of the person in front of the screen is indeed who they really are.”

For more information on IDentify+, visit www.cumuluspro.com/solutions/identify-plus/

About CumulusPro

CumulusPro helps businesses to rapidly transform into digital enterprises by Connecting People, Process and Application. CumulusPro’s IDentify+ is a cloud-based digital ID verification platform that provides companies with a quick and easy way for customers to instantly verify their identities and other credentials for regulatory compliance. Through a complete ID verification and facial recognition process, IDentify+ can enforce an authentication process that requires customers to perform a second level identity verification so as to carry out delicate online transactions.

For further information, please contact:

Gillian Lim
Sr. Vice President, Marketing
gillian.lim@cumuluspro.com

For more information, visit www.cumuluspro.com/solutions/identify-plus/