Accurate identity verification ensures that whoever opens an account is the legitimate owner, not someone using stolen information. By implementing Luxand.cloud reliable identity solution based on face recognition, you can strike a balance: smooth onboarding for genuine users and robust protection against fraudulent activity.
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Face detection
Facial Landmark Detection
Face Verification
Face Recognition
Face Similarity
Liveness Detection
Emotion Recognition
A report by Accenture found that 50% of customers abandon the signup process if it's too complex. Identity verification can streamline onboarding.
According to an article by Lexology, Standard Chartered being fined $1.1 billion for failing to implement adequate money laundering procedures. Identity verification helps avoid such penalties.
A study by Juniper Research estimated that global card-not-present fraud losses will reach $34.2 billion by 2024. Implementing identity verification can significantly reduce these losses.
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In case you are searching for an on-premise facial recognition solution, Luxand FaceSDK is the best option. FaceSDK enables Microsoft Visual C++, C#, Objective C, Swift, Java, VB, Delphi and Python developers to build 32-bit and 64-bit applications for Web, Windows, Linux, macOS, iOS and Android.
FaceSDK running on your servers gives you full control of face recognition functionality - from face detection and identification to thermal face detection and liveness detection.