Biometrics for High-Risk KYC – Cut False Positives, Overcome False ID, ID Unnamed Sanctions
Featured Speakers :
Jim represents Facepoint to North American financial institutions and commercial enterprises. Prior to FACEPOINT, Jim spent over 20 years in financial data firms including Bloomberg, Dow Jones, IHS Markit (now S&P) and Dun & Bradstreet. He is a former US Navy Officer.
Jim’s focus is applied R&D to advance biometric and human identification technology. Also, to architect high performance and cost-effective solutions to customer identification challenges.
Over a decades-long career prior to IDEMIA-NSS, at the Federal Bureau of Investigation, Jim represented the FBI nationally and internationally as a Senior Level Technologist on identification and innovation issues. He co-chaired the Interagency Biometrics and Identity Forum, and its predecessor the Biometrics and Identity Management Subcommittee of the National Science and Technology Council. He was a member of the FBI Biometric Steering Committee and represented the FBI with the National Science Foundation Center for Identification Technology Research.
Prior to founding Facepoint in 2017, Damien was a senior executive at World Check (now part of Refinitiv) and is a founding member of the Center for the Analysis of Terrorism. He was a Senor Compliance officer at Credit Suisse in AML and Counter Terrorism Financing, and prior to this he was a Federal Police Officer with the Counter Terrorism Unit of the Swiss Federal Police Force. He spent 3 years as an investigator working on the Sept. 11 Class action on behalf of 20,000 families of the 911 attacks.
Complimentary webinar, presented by Facepoint
Ever since implementing AML/KYC/CDD systems 20 years ago, banks have been plagued with 99% false positives. The highest-level biometric systems such as employed by the FBI have extremely low levels of false positives (0.0025% on average), and makes facial ID automatable, and instant, slashing false positive waste while providing identity effectiveness not possible through other means. Attend this webinar to get a behind-the-scenes look at the efficiency of biometrics to not only identify individuals but also to deduplicate existing databases. Find out how your financial institution can maximize the benefits of biometric high-risk identification for KYC/CDD and Sanctions.
The guest speaker will be Jim Loudermilk, who for over 20 years was the Senior Technologist at the FBI for Biometric Identification.
- The special nature of criminals vs. regular customers, and how that affects biometric data
- The accuracy of current biometric systems used by Law Enforcement
- Confidence levels in biometric ID regarding legal acceptance and efficiency
- Concerns about biometrics including privacy and differing ethnic groups and how these are overcome
- …and much more