When fraudsters use Fake IDs to obtain a driving licence, this enables them access the entire ecosystem of real estate, online payments, Marketplaces, Telecoms and Transportation.
Failure to weed out fraudulent IDs at any entry point into the digital ecosystem, can produce a domino effect and facilitate all sorts of financial crimes.
Registering drivers digitally and verifying their identity requires more than traditional checks in credit databases or electoral registers, as a fraudster may use stolen and public data to impersonate the real person.
After the onboarding is complete the individual gains a “cherished record” in a database, used by “traditional background screening” firms, giving access to additional services including Mobile Banking, Mobile Payments, TV and Internet.
Contact us to discuss how LetFaster’s automated Biometric ID and Official Document Verification solutions can help you combat Driver Registration fraud.