Complimentary Gartner® Report:
Hype Cycle for Digital Identity, 2024
- Adoption of third-party biometrics is gaining traction, particularly in sectors such as banking and customer-facing mobile applications as it enhances security and improves UX while enabling high-assurance remote account recovery.
- Identity verification has become a critical component for remote digital interactions. The increase in identity-based fraud across sectors has led to the deployment of identity verification as a fraud mitigation function, rather than just a component of mandated KYC processes.
- There is a growing trend towards integrating identity verification with authentication processes, particularly in customer onboarding and account recovery scenarios. This convergence allows organizations to leverage biometric data obtained during the verification process, such as facial recognition, for ongoing authentication and secure account recovery across multiple channels.
Unlock your complimentary copy of Gartner's "Hype Cycle for Digital Identity, 2024" to learn about the key technologies driving digital identity now and into the future. Then, connect with Daon for support in leveraging those technologies to achieve your business goals.
[1] Gartner, Hype Cycle for Digital Identity, 2024, Nathan Harris, Ant Allan, 24 July 2024.
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