4 Ways to Safeguard Your Credit Union Members From Fraud
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ANONYBIT FOR GIG ECONOMY
Create a community that sets new privacy and security standards for the gig economy.
In the fast-paced world of gig economy apps, privacy is not just a preference – it’s a necessity. Anonybit is your gateway to a more secure and confidential gigging experience with our decentralized biometric authentication. Prevent account takeover fraud and revolutionize the way your employees and contractors connect with you with strong user authentication. It’s a win-win for both parties – increased trust and privacy in one seamless package.
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"Ping Identity is committed to expanding our technology partner ecosystem to enhance digital customer experiences across the entire user journey. Our partnership with Anonybit makes integration seamless for customers to quickly benefit from the robust PingOne Cloud Platform."
Discover how Anonybit is used in Gig Economy Apps
Blocklist Checks
Using the Anonybit decentralized backend, search existing records to ensure that someone is not already in the system under another name for secure downstream user authentication.
User Authentication
Invoke Anonybit to ensure someone is who they claim to be at any point in the user journey with decentralized biometric authentication - set up an account, access an account, withdraw funds, change account information and more. The possibilities are endless for user authentication.
Account Recovery
Instead of passwords, security questions, OTPs that can be easily circumvented or authenticator apps and tokens that are cumbersome, use Anonybit decentralized biometric authentication for quick and easy account resets.
The Anonybit Genie closes the Circle of Identity for Gig Economy Apps
Easy onboarding
Anonybit can ingest images from any source for enrollment. If there is no account registration process that already requires selfie capture, Anonybit can provide an intuitive interface that checks for liveness, deepfakes and injection attacks.
Prevent duplicates, synthetics and blocklisted users from enrolling
Today’s fraudsters know how to get around today’s identity verification protocols. The one thing they cannot hide is their face. The digital onboarding module runs a search against the existing biometric profiles to give you a clean, trusted biometric directory that you can rely on for all your identity management needs with decentralized biometric authentication.
Patent-pending backend based on multi-party computation
Biometrics are sharded and stored across a multi-party cloud environment such that no party has access or knowledge of the data held by another party at any time. Each component of the decentralized biometric authentication system is encrypted with its own cryptographic key, which is not accessible by any administrator, eliminating insider threats.
Link any attribute to the decentralized biometric profile
Connect credentials, tokens, FIDO PassKeys and more to a trusted biometric profile to create the foundation for strong, two factor decentralized biometric authentication downstream.
Identity validation based on “something you are”
Leveraging state of the art NIST tested algorithms with built-in liveness detection, Anonybit provides reliable, strong user authentication regardless of device or channel – digital, physical, chat, call center.
Streamlines account reset
Anonybit neutralizes this attack vector, while reducing authentication time by 70%, lowering fraud and improving the user experience, with the savings going straight to your bottom line.
Anonybit works with your existing infrastructure
Recent statistics highlight the escalating risks of fraud in the gig economy. According to industry reports, incidents of identity theft, payment fraud, and unauthorized access have surged in recent years. By choosing Anonybit, you’re not just embracing privacy; you’re actively protecting yourself against the growing tide of gig economy fraud with innovative, decentralized biometric authentication. Our existing integrations make it easy to get started quickly.
Looking for a different integration?
Talk to our solutions team today.
Why Gig Economy Apps love Anonybit
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Integrated identity management
Leverages biometrics for user authentication to eliminate the gaps exploited by attackers. Not susceptible to device takeover, unlike traditional solutions that fall back to PINs, and knowledge questions.
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Streamlined UX
No one-time passwords, emails or SMS that disrupt the user experience and are easily forgotten or stolen.
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Privacy compliant
Enhances compliance posture with HIPAA, GDPR, CPRA, etc. and reduces concerns around storing and managing biometrics and other sensitive data.
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Multiple use cases
From verifying identity for account creation, to accessing an account, adding funds, withdrawing funds to changing account information and more, Anonybit serves as your biometric system of record, enabling strong user authentication from anywhere and at any time.
RESOURCES
Stay current on the latest in identity, biometrics, fraud prevention and privacy compliance.
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Are you ready to eliminate the risk of data breaches and account takeover fraud?
Get rid of central honeypots of data. Embrace biometrics across the user lifecycle.