Pension member Overseas Proof of Life exercises have traditionally involved letters and forms sent to members abroad. Modern technology not only means processes can be faster, cheaper and more engaging, it also helps reduce fraud.
There are instances where fraudsters have managed to pass paper based verification and claim a deceased persons’ pension after their death and even scenarios where high level corruption had helped many fraudsters pass paper based proof of life checks.
Modern biometric identity verification is a highly robust, reliable and effective way to reduce fraud, while increasing engagement and reducing cost and admin time. Whilst paper communications will still have a time and place, digital is where pension administrators need to be focused.
Contact us today to find out more about digital identity verification and Overseas Proof of Life.
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