Tech company targets online fraud threat with facial recognition

Tech company targets online fraud threat with facial recognition

A technology company is aiming to combat the growing threat of fraud facing businesses with its efficient onboarding service.

Aimed at businesses in a range of different sectors including property, legal, and financial services, Sinerix has created a suite of modular software tools which it claims will enable businesses to verify the true identity of their customers in a matter of seconds.

The company states that this technology works by allowing people to be positively identified and matched in real time, against any form of international ID. It also enables users to carry out background database checks whilst simultaneously verifying a biometric face match and digitally signing sensitive documentation. This is done via a cloud-based platform.

Commenting on the technology and its growing importance was David Kern. The CEO of Sinerix said: “This development is particularly timely as the UK’s Home Office acknowledges the benefits that technologies, capable of using algorithms and facial recognition software, bring in helping to crack down on rising levels of online fraud and identity theft.”

“Our solution helps businesses to speed up everyday document workflow while reducing unnecessary risks when sending confidential data to an unknown recipient.”

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