Eltropy: Launches “Video Verify” for Fraud Prevention
- Eltropy enables Financial Institutions to digitally engage in a secure and compliant way via Text, Video, Audio
- Announced the launch of “Video Verify.”
- Video Verify solution allows credit unions and community banks to remotely verify the identity
- According to the Federal Trade Commission (FTC), 1.4 million cases of identity theft were reported in the United States in 2021
- The most common age group for identity theft victims in 2021 was 30 to 39 years old
- Video Verify combines remote video, real-time government ID verification, and knowledge-based authentication
