Banks and Identification Technology

Topics:
Commercial Banking
Tags:
Bank,
Casino,
Financial Services,
Identity Theft,
Security
Source:
IBM

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Overview: Banks can learn a lot from casinos about how to protect against identity theft and fraud. This paper describes the Identity technology which was practically invented by casinos, which - among other things - utilize video networks, facial geometry scans and a sophisticated database of unwelcome visitors. They not only know who you are, they know anyone of importance (good or bad) who may be related to you. Banks, on the other hand - especially in the U.S. - aren't quite as adept at evening up the odds. When it comes to accurately identifying new and existing customers, financial institutions still follow a low-tech approach that depends heavily on employees who are not very well trained to screen for ID.

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Format: PDF | Size: 65KB | Date: May 2005 | Pages: 4

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