Identity theft costs businesses and financial institutions. According to a recent survey on identity theft, total identity fraud amongst adults is increasing. At the same time, remote service channels are creating new revenue opportunities for financial institutions through increased service delivery rates and faster account originations. Balancing these challenges to take full advantage of increasing opportunities demands a solution that authenticates consumer identities in real-time while managing the increased threat of identity fraud.
LexisNexis® InstantID® Q&A confirms a consumer's identity in seconds and gives your financial institution an easy, real-time way to fight identity fraud at multiple points of customer contact.
Built-in intelligence and proprietary matching algorithms power the InstantID® Q&A question engine, which is designed to develop questions and dynamically adjust question difficulty to a level where only an individual with authentic, personal knowledge could accurately answer.
InstantID® Q&A - the only identity authentication solution endorsed by the American Bankers Association, delivers advanced tools to help you comply with multi-factor authentication rules.
Q&A is designed to fit your business policies and identity fraud risk tolerance levels with sophisticated features that enable you to customise scoring parameters and measure risk as questions are asked. Pass/Fail results are delivered in real time via a secure web based portal, XML integration or at the point of sale, enabling you to confirm customer identities at the point of customer contact.
Sales Sheets
When it comes to accurate identity authentication, asking the right questions can rival getting the right answers.
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