One of key products discussed at the panel session was the KYC Match product that has been launched by the four leading mobile operators in the UK: O2, Vodafone, EE and Three. This marks a major milestone achieved in the UK market with product availability across all of the leading UK mobile operators.
The KYC Match product offers service providers the ability to compare and validate their customer’s identity using verified account data bound to the mobile phone number. One of the key benefits of KYC Match, which can be used for registration and anti-fraud use-cases, is that it offers global service providers an important new source of insights when helping to identity customers during registration or application. Their customer’s can also benefit also with improved registration and application success and reductions in fraudulent applications and registrations.
|Figure 1: Service providers and their customers can benefit from improved registration success, through better identify verification, when using products like KYC Match.|
Below you can view the whole panel discussion on the topic: