Face authentication technology to be used for Experian and TransUnion verification

Face authentication - biometrics face scanning technology

The credit check giants are using new tech from Onfido to boost its fraud detection capabilities. Experian and TransUnion will be implementing new face authentication technology from Onfido in an effort to ensure that people are who they say they are when they open new accounts. Facial biometrics tech will become a component of the identity checking and verification process. This new face authentication strategy could change the way new accounts are opened and identities are approved before loans are taken out. Borrowers and new banking customers in the UK…

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