Identity Fraud: A very real problem
The main purpose of using a fraudulent identity in financial activities are such as opening a bank account, applying for credit, financing of consumer goods or contracting of services
For many entities, identity fraud incursannual losses of between 1 to 4% of turnover
The consequences of identity fraud are financial losses for the bank and damages to natural persons.
To prevent this, technological solutions are required to prevent identity fraud at the time it is committed.