iProov to Provide Biometric Technology to Challenger Bank Knab, Part of AEGON
Summary
Knab’s adoption of iProov also sees the bank move away from its previous token-based solution, dispensing with costly and unpopular hardware and the associated administrative burden. The Dutch regulator has been a European leader in encouraging banks to adopt innovative Know Your Customer (KYC) technology to enhance compliance. Banks have therefore increasingly turned to new digital journeys and emerging technologies to meet regulatory challenges and prevent hefty fines. Andrew Bud, Founder and CEO, iProov said: “ Digital banks owe their success to their customer experience. That’s why we chose iProov - like us, they are clear leaders in delivering the very best customer experience without compromising on the highest standards of security and compliance.” iProov’s unique patented technology provides governments, banks and other enterprises with Genuine Presence Assurance, allowing them to authenticate users remotely on any smartphone, tablet or laptop.
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