A new tool for Western Union to protect against legal risks

Who is Smartphone iD ?

Smartphone iD
is a Innovative company experts in secure photo ID.
whose aim is to facilitate relationship between clients, the administration and / or the specialized organizations

Smartphone iD
has developed a technology to validated the identity of a person using a photo ID taken
from a smartphone and securely the transfer of money from person to person thanks the facial authentication feature.

Photo ID remains the fastest and safest way to identify and authenticate a customer.

Facial authentication makes more difficult the fraudulent use of someone identity. Thus limiting the identity theft risk.

case study

Facial authentication for money transfer
Facial authentication for money transfer

For example what we should do for Western Union
exposes itself to major regulatory risks as the regulators toughening sanctions against money laundering, terrorism financing and fraudulent transactions.
Western Union must provide evidence to the various regulators. the implementation and operative effectiveness of new AML controls around mobile
Transfer.

ID card to validate the identity of a customer

How ?

Provide added value to your customers by improving his (her) journey through the app: in case of loss or theft of an official document, no more need of passport, ID card to validate the identity of a customer …
– Increase of security and controls,
– by demonstrating to the regulators of stronger controls around the validation of customers’ identity.
– secure digital identity validation embedded in the Western Union’s smartphone app,
– Smartphone iD becomes vis-à-vis the regulator a third-party certifiers.

 

More information : emenetrey@smartphone-id.com