Care Super (account verification & fraud reduction solution)
Across Australia, superannuation fraud is at an all time high. With scammers taking advantage of senior citizens that are eligible for full withdrawal of their funds after 65.
This is where Basiq's account verification can be utilised to mitigate fraud, as a way of verifying the user's identify using their bank account with 2FA. Benefiting both the user and the Superannuation fund. Users are simply provided with the option to make a direct withdrawal by using their bank account via the withdrawal page in the app.
This is where Basiq's account verification can be utilised to mitigate fraud, as a way of verifying the user's identify using their bank account with 2FA. Benefiting both the user and the Superannuation fund. Users are simply provided with the option to make a direct withdrawal by using their bank account via the withdrawal page in the app.
