Mobile Phone Numbers as Digital Identity Solutions

This document is a market brief that outlines the growing significance of mobile phone numbers as primary identifiers for individuals in various online transactions. It details how organizations such as banks, e-commerce providers, and healthcare institutions should reassess their methods for obtaining and utilizing critical information related to mobile numbers. Key insights include line type, SIM tenure, service provider ownership, and porting history, which are essential for verifying identities and preventing fraud. The brief emphasizes the increasing risks associated with mobile numbers, particularly from fraudsters exploiting these identifiers. It also discusses the role of fintech identity solutions in enhancing Know Your Customer (KYC) initiatives and compliance with regulations such as the Telephone Consumer Protection Act. The document highlights how accurate mobile number information can improve customer experience, protect brand reputation, and streamline fraud prevention processes across various business functions.