Yes, you read that right. A signature card and a paper application form mean you are absorbing an unacceptable level of risk as a bank. The fact is that you can verify someone’s identity through much more reliable methods than using a signature card or signature verification today. Just looking up someone’s profile on LinkedIn or Facebook, their social security number (if you are in the US) combined with an identity document (drivers license/passport) and facial recognition, are vastly superior data points to a signature on a piece of paper. To talk about innovations in digital identification, Brett is hosting Dave Birch, Director at Consult Hyperion, and Sebastien Taveau, BPD- Chief Evangelist at Synaptics. Listen to why signatures are risky, but autographs are still nice.
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