Structuring is a technique used by criminals to launder money, thus challenging traditional financial control systems and identity verification methods.
Digital onboarding in the utilities sector not only improves user experience — it also reduces costs, prevents fraud, and ensures regulatory compliance from the first click.
While biometrics offers great advantages, it is essential to address potential vulnerabilities and ethical concerns. Achieving a balance between security and privacy is crucial for its continued adaptation to more use cases.
Technology silos become a subtle but formidable challenge to identity and access management that often undermines the effectiveness and security of systems.