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Zenus Bank chooses Fortress Identity's biometric solution to facilitate onboarding and compliance

Wednesday 4 December 2019 13:22 CET | News

US-based digital bank Zenus has changed the paradigms in banking with its business model, which includes biometric authentication from Fortress Identity.

Zenus Banks offers remote account opening for deposits, payments, and custody for individuals and companies worldwide for a borderless banking experience. The bank’s aim is to provide those living in emerging economies with an alternative to using local banks, by offering a transparent, digital banking experience on par with leading banks of the world.

The reason behind choosing Fortress Identity’s Onboarding Authentication platform is that Zenus wanted to complement their state-of-the-art access control, transaction approval, fraud detection, and compliance services. Fortress Identity facilitates the onboarding process using facial and voice recognition combined with AI. They provide a KYC/AML security, compliance, and totally digital onboarding. The company’s platform validates thousands of identification documents from hundreds of countries in just a few seconds and compare the customer's ID to their ‘selfie’ providing security for both the bank and the customer.
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Keywords: Zenus Bank, Fortress Identity, biometrics, onboarding, compliance, US, authentication, banking, KYC, AML, fraud detection, facial recognition, voice recognition
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: United States
This article is part of category

Securing Transactions