Bitventure, TransUnion team up for identity management

Wednesday 13 May 2020 10:57 CET | News

Digital identity verification specialists Bitventure has announced it partnered with global consumer credit agency TransUnion.

The goal of this partnership is to allow South African businesses to deploy more comprehensive identity management and fraud prevention strategies without impacting on the customer experience. Bitventure’s remote digital identity verification solutions enable organisations to verify and onboard customers by digitally matching an ID number to an ID photo retrieved from Home Affairs from any remote environment.

The companies’ objective is to help businesses make better-informed decisions in real-time when it comes to onboarding new customers through physical or digital channels. Bitventure believes in South Africa, economic crime rates are higher than the global average as fraudsters take advantage of vulnerabilities in business’ risk management practices. The capabilities enabled by Bitventure will allow TransUnion customers to overcome the historical tradeoff between security, convenience, and privacy.

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Keywords: Bitventure, TransUnion, partnership, identity management, security, privacy, fraud prevention, risk management, iD, onboarding
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime