As consumers digitize their lives and take them online, verifying identities and combating fraud is becoming a growing challenge. Without a secure identity verification system, companies are also unable to comply with AML and KYC regulations. The trust gap can be closed only if businesses adopt dynamic, robust identity verification systems that lead customers through the process without slowing down their overall experience. The system should be able to connect a persons name with details such as their postal address, age, mobile number, email address, etc.”]
Source: https://hackercombat.com/identity-verification-and-fraud-prevention-in-2020-closing-the-trust-gap/