Navigating the Challenges of Modern Banking

This document describes the current trends in the Banking industry and provides some
strategies to mitigate risks. It covers:

• Insights on digital transformation: why current changes are pivotal for the industry
• The critical challenges for banks and how to overcome them in a situation of intense
  competition
• Shifting user preferences: what banking customers expect as a default setting
• Identity fraud growth: How security incidents affect the onboarding process; why 92% of banks are considerably multiplying identity verification spending; what identity fraud is the real threat to the industry today.
• Application scenarios of identity verification solutions: how they help industry leaders find the right balance
  between customer experience and fraud prevention.