Covid-19 drives online sales and demands greater security and agility in financial transactions

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Rockey39#
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Covid-19 drives online sales and demands greater security and agility in financial transactions

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Attentive to the needs of the automotive market, Tecnobank launches a tool to prevent fraud, reduce costs and mitigate risks

The crisis caused by the new coronavirus has brought with it several changes in social and, above all, economic habits, creating a scenario full of challenges for companies in different segments. “In the technology sector, security is more necessary than ever. After all, social isolation has established a new relationship between people and the internet and, consequently, a growing trend towards online shopping, as well as greater customer adherence to financial institutions’ digital channels,” warns Tecnobank’s Product Engineering superintendent, Isaac Ferreira.

According to a study by Cyber ​​Security Report, 80% of egypt telemarketing organizations are introducing digital innovations faster than their ability to protect themselves from cyberattacks. In this context, it is estimated that by 2024, the 5G network will serve 40% of the global population – around 1.9 billion people. “In practice, the change brings faster internet access, but it also makes it easier for hackers to act,” says Ferreira. Sectors such as the automotive sector, for example, which have been reinventing themselves to meet the new habits of consumers concerned about staying home and protected, also find opportunities for improvements in security and process agility in digital solutions. In this scenario, online car sales are already a reality and require institutions to pay extra attention to the processes involving the validation of documents and information, and the signing of contracts, which run a real risk of tampering, resulting in a loss of time and revenue for the parties involved.

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Aware of market needs, Tecnobank announced the launch of a complete hub of customized technological solutions to prevent fraud, reduce costs and mitigate risks. “VerifiKey is a platform for facial recognition, document validation, OCR and digital signature of contracts and official documents”, says the executive. Using biometric algorithms, VerifiKey performs facial recognition and data confirmation, comparing photos taken at the time of signature with official documents, ensuring security, automation and agility. Validated by approximately 12 million users worldwide and with more than R$ 2.5 million saved with anti-fraud, the technological platform is customizable and meets various needs in different sectors – be it in financial transactions of banks, insurance companies, health plans and various applications, in the approval of purchases in virtual stores, in the insertion of customer information in systems, in the digital signature of contracts or in the validation of official documents.
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