UnionDigital Bank in the Philippines has deployed iProov’s Dynamic and Express Liveness solutions to strengthen its security measures against account takeover and financial mule activity.

This implementation forms part of the digital bank’s new risk-based authentication strategy, which aims to provide heightened security for high-risk transactions while maintaining a frictionless experience for everyday use.

The move to upgrade its biometric technology aligns with an increasing focus from financial regulators, including the Bangko Sentral ng Pilipinas, on enhancing security measures to protect consumers from sophisticated, AI-driven cyber threats.

iProov’s dual liveness solutions allow the bank to apply different levels of identity assurance depending on the transaction’s risk level.

The bank deploys Express Liveness for faster verification on actions like increasing transaction limits, but it uses the more resilient Dynamic Liveness for higher-risk activities such as new device log-ins.

Russell Hernandez, Chief Information Security Officer at UnionDigital Bank, stated that the bank needed a flexible solution for its shift toward risk-based authentication.

“Our vision is for every Filipino to use UnionDigital Bank to empower their lives. As we shift toward risk-based authentication, we need a flexible and future-ready solution,” Russell said.

Andrew Bud, Founder and CEO of iProov, stated that by providing the highest level of identity assurance on nearly any device, their technology ensures UnionDigital Bank can protect all of its customers with a solution that is both effortless and resilient.

Featured image by iProov.