Simmons Bank leverages ID verification solution

One of the first banks to leverage a new secure ID validation process for digital account opening from core provider Jack Henry and AI-powered identity verification platform IDScan.net is $27 billion Simmons Bank . [caption id="attachment_57365029" align="alignright" width="300"] Photo by CanStock [/caption] The partnership on Jack Henry’s OpenAnywhereTM platform aims to deliver a frictionless mobile onboarding experience for Jack Henry clients, with ID scanning and data parsing, facial recognition and liveness checks, and third-party ID verification amid a rise in synthetic and stolen identities . Since the launch, more than 100,000 IDs have been verified at financial institutions on Jack Henry’s platform, according to a release. Alex Carriles, executive vice president and chief digital officer at the Little Rock, Ark.-based Simmons Bank, told Bank Automation News that the security feature was a draw for the institution, which has faced fraud attempts. “We wanted a process which would bring not only digital security, but also provided a tangible, physical element to reinforce the security,” Carriles said. Simmons Bank experienced “multiple attempts” of fraud prior to the ID scan integration, but has since seen “fraud attempts pretty much drop down to zero,” he said. IDScan.net’s AI-powered technology, which integrates with Jack Henry’s platform via API, reads information from an applicant's driver's license and verifies the authenticity through a digital image analysis, Carriles said, noting the fintech also requires a live selfie to be taken for ID verification. “Having the physical steps of taking a picture of the ID and then taking a selfie eliminates the possibility of the massive bot attacks, and verifying the data at the source eliminates the possibility of synthetic identities,” he said. The new tech “was able to provide us with a customizable platform that can integrate with third-party solutions, such as IDScan, while integrating directly to our core banking solutions, Silverlake from Jack Henry,” Carriles added. Bank Automation Summit US 2023, taking place March 2-3 in Charlotte, is a crucial event on automation and automation technology in banking. <a class="fui-Link ___m14voj0 f3rmtva f1ern45e f1deefiw f1n71otn f1q5o8ev f1h8hb77 f1vxd6vx f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f9n3di6 f1ids18y fygtlnl f1deo86v f12x56k7 f1iescvh ftqa4ok f50u1b5 fs3pq8b f1hghxdh f1tymzes f1x7u7e9 f1cmlufx f10aw75t fsle3fq" tabindex="-1" title="https://bankautomationsummit.com/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Home" href="https://bankautomationsummit.com/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Home&__hstc=41615677.3fe700e68891f0bfd867036c89aa2d86.1650376353803.1669215358764.1669225376751.568&__hssc=41615677.3.1669225376751&__hsfp=2478973190" target="_blank" rel="noopener noreferrer" aria-label="Link Learn more">Learn more and <a class="fui-Link ___m14voj0 f3rmtva f1ern45e f1deefiw f1n71otn f1q5o8ev f1h8hb77 f1vxd6vx f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f9n3di6 f1ids18y fygtlnl f1deo86v f12x56k7 f1iescvh ftqa4ok f50u1b5 fs3pq8b f1hghxdh f1tymzes f1x7u7e9 f1cmlufx f10aw75t fsle3fq" tabindex="-1" title="https://bankautomationsummit.com/register/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Register" href="https://bankautomationsummit.com/register/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Register&__hstc=41615677.3fe700e68891f0bfd867036c89aa2d86.1650376353803.1669215358764.1669225376751.568&__hssc=41615677.3.1669225376751&__hsfp=2478973190" target="_blank" rel="noopener noreferrer" aria-label="Link register for Bank Automation Summit US 2023">register for Bank Automation Summit US 2023 .

Simmons Bank leverages ID verification solution

Jack Henry, IDScan.net joined forces for secure ID verification for FIs

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Simmons Bank leverages ID verification solution

Jack Henry, IDScan.net joined forces for secure ID verification for FIs

Transactions: American Express, Square partner on credit card

Four ways to attract (and keep) top tech talent

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