Biometrics for High-Risk KYC – Cut False Positives, Overcome False ID, ID Unnamed Sanctions

Featured Speakers :
WHEN : 02/04/2021 12:00 pm ET

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.

Learn about:

  • 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