Digital Identity Verification: Empowering Enterprises in Latin America to Embrace Secure Digital Interaction

Amid the growing awareness of digital interactions, cases of fraud have reached new heights. Security gaps make it easy for cybercriminals to exploit vulnerabilities. In the latest released 2020 ITU Global Cybersecurity Index, which maps countries on their cybersecurity commitments across five measures (legal, technical, organizational, capacity development, and cooperation), LATAM was behind much of the rest of the world. The future of digital identity verification will be intelligent. Rather than manually approving users and digital transactions, businesses will rely on automation that is far more accurate and does not add friction to genuine customers’ experience. Solutions will be data-driven with AI and ML at the core. It is critical for identity verification solutions to offer fraud prevention without increasing friction or negatively impacting the customer experience.