Identity verification enables businesses, especially financial institutions, to acquire more customers, reduce abandonment, mitigate fraud, maintain compliance, and earn consumer trust. Unfortunately, inadequate ID verification services are often easily exploited by fraudsters and erode consumer trust. That’s why businesses need multi-layered identity and risk-based authentication solutions that can tell the difference between a customer and a bad actor, from account origination to ongoing maintenance – and every transaction in between. , editor_rich_content