Schemes, administrators and providers are looking for smarter, more efficient ways to carry out ID and proof of life checks for their members – especially those living abroad. Biometric facial recognition technology has been used within financial services for years, but too often pensions operations have relied on outdated, unsecure methods to verify existence and identity – with manual checks and paper ID – causing unnecessary inefficiencies.
Financial fraud poses a significant risk to your scheme and its members. Pension fraud is on the rise, and the stakes are high, with hundreds of thousands of pounds lost last year.
Technology-enabled checks alongside a simple in-person option when needed will support your scheme. That’s why we created IDself…