Biometric verification – identifiably close – and beyond

Detecting and monitoring fraud, money laundering and other criminal activities is a daunting task for financial institutions, writes MJ Deschamps and instances of breaches have only increased as the number of platforms across which institutions do business continues to grow. At the same time, software systems and other technologies that can help identify cases of fraud are becoming highly advanced – but, as anti-fraud systems evolve so too do fraudsters.