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iProov to provide biometric technology to challenger bank Knab

Wednesday 1 July 2020 11:27 CET | News

iProov, a provider of biometric facial authentication technology, has announced that its technology is to be deployed by Dutch challenger bank Knab to provide an online biometric experience to its customers. 

Knab customers can now authenticate themselves for a growing range of sensitive transactions using iProov’s patented Flashmark technology. 

This is the first time that iProov has been used for SCA (Strong Customer Authentication) by a bank in Europe, and one of the very first production deployments of any device-independent biometric for SCA. Its step-up authentication capabilities are being rolled out in a variety of scenarios. A key use will be Knab’s re-binding process – ie when a user deletes the bank’s app, updates the app or loses their device and needs to re-verify their identity. The ability to process transfers and payments using iProov will go live shortly and further applications are planned.

Ongoing ID verification for all new customers opening an account with Knab will be carried out by iProov’s technology. Knab’s adoption of iProov also sees the bank move away from its previous token-based solution, dispensing with costly hardware and the associated administrative burden. iProov’s cloud-based process is fully automatic.


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Keywords: iProov, biometric, challenger bank, Knab, ID verification, Strong Customer Authentication
Categories: Banking & Fintech | Digital Identity, Security & Online Fraud
Countries: Netherlands
This article is part of category

Banking & Fintech