70% of financial services organizations are taking a strategic approach to identity verification to combat financial crime and stay one step ahead of fraudsters according to Trulioo. The research was conducted in the UK and the U.S. to explore how organizations are approaching identity verification during the COVID-19 crisis. It found that the key drivers for financial services firms in taking such a proactive approach were a desire to be best-in-class, build trust, enhance customer experience and drive competitive advantage.
Source: https://www.helpnetsecurity.com/2021/03/15/strategic-approach-to-identity-verification/