MANILA, Philippines – UnionDigital Bank has tapped global technology firm iProov to enhance consumer protection against account takeovers and mule activity to bolster the security of the Philippine financial services sector.
The bank adopted iProov’s Dynamic and Express Liveness solutions to power its risk-based authentication strategy, upgrading its previous device-based biometrics technology.
iProov’s Express Liveness provides fast and seamless verification for transaction limit increases, while Dynamic Liveness offers heightened fraud resilience for new device log-ins.
“As we shift toward risk-based authentication, we need a flexible and future-ready solution,” said chief information security officer at UnionDigital Bank Russell Hernandez.
“iProov’s internationally proven ability to deliver ease of use, speed, and high security assurance — backed by reliable vendor support — ensures we can evolve our fraud defenses while sustaining customer trust and confidence,” he said.
Hernandez said uplifting the lives of Filipinos through a secure, trusted and accessible digital bank requires a resilient infrastructure that can address sophisticated fraud.
iProov founder and chief executive Andrew Bud said verifying a person’s identity online is central to digital trust.
“Our technology provides the highest level of identity assurance on virtually any device to provide that protection,” Bud said.
“This ensures UnionDigital Bank can secure all its customers with an effortless and resilient solution, which is especially crucial for underbanked communities who rely on mobile devices for their financial needs,” he said.
