As more financial transactions are carried out on mobile devices, so identity fraud has grown. Aspect Verify™ takes an intelligent approach to consumer identity verification using mobile phone possession as a key factor.
Securely handling sensitive customer information within a mature cloud infrastructure.
Taking an omni-channel approach to identity fraud detection, Aspect Verify™ ensures banks are kept informed of all suspect transactions using a multitude of automated mechanisms.
An intelligent approach to digital identity fraud using mobile geolocation for customer verification.
Obtaining personal information via phishing, smishing or stealing physical documentation.
Compromising two factor authentication or enterprise engagement with techniques such as Sim Swap or Malware.
High value transactions are completed by a fraudster, such as online bank transfers or mobile payments.
...transactions secured by Aspect Verify™
Location Based Services
Out of Band Authentication
Fraud Indicator Profile (FIP)
Aspect Verify™ will detect redirected calls.
It is incredibly powerful, indicating if fraudulent activity is about to take place during authentication of accounts on a mobile phone.
Highly sophisticated – it can even work offline.
Criminals capture customer credentials via Trojan or phishing.
Obtain duplicate SIM card.
Fraudster is now able to intercept communications, purchasing goods or collecting items.
SIM Swaps are detected using Aspect Verify.
An unfamiliar location will draw further attention to a potential fraudulent activity.
Aspect Verify™ is able to confirm the location of a mobile device, whether country or more granular.
This information helps build a multi-layer authentication view helping to reduce fraud and false positives, leading to a better customer experience.
Use SMS or Voice to ensure a true omni-channel passcode interaction.
Voice biometrics supports our frictionless authentication and creation of trust, using voice profiling alongside the number in use.
Mobile KYC includes comparison of the name and address registered against a user's mobile account. It can also include age verification, contract type; and accout status.
The F.I.P is a data construct to support behavioural understanding. The F.I.P utilises the insight patterns underpinning the data and evolves to the threat landscape.
Aspect Verify™ Data Sheet
Aspect Verify™ White Paper
Aspect Verify™ PR Update
British Retail and Commercial Bank Case Study
Location Verification Data Sheet
Fraud Indicator Profile