Identity Theft & Impersonation Fraud
Critical Challenge to Governments & Businesses
Illegal Immigrants are threat on Nation’s security & additional burden on Country’s Economy
Immigration needs to be Digital, Efficient with Zero ID Fraud
Identity frauds in Account opening/KYC and fraudulent transactions – A perennial issue
Robust yet Easy KYC & Transaction System is critical need
Cost of Insurance frauds are in Billions of Dollars – Results Financial Loss to insurers & higher Premium Burden on genuine policyholders
Need a tamperproof ID validation - Policy onboarding to Claim
20 percent of Government revenue is lost in identity fraud worldwide – Benefit goes to wrong hands
Transparency & Secure identity needs to be assured
