Identity verification rising for authentication [Video]

With data breaches becoming a regular occurrence, it’s time to rethink how financial services firms handle user authentication. Identity verification and management tools are rising in this climate.
The global identity management market is set to be valued at almost fifteen billion dollars by 2021.
The market growth comes as a result of demand to prevent identity theft and ramp up regulatory compliance.
Identity verification systems use large quantities of data pulled from diverse sources to recognize the identity of a user. This analytics functionality is changing how banks and credit unions can authenticate customer activity and recognize fraudulent behavior.
GDS Link offers identity verification tools built into Credit Bureau Software systems, giving companies the ability to naturally integrate identity verification into their risk management practices.