In 2025 and beyond, organizations must rethink how they approach customer identity verifications to keep up with changing regulatory requirements and trends in KYC while ensuring a frictionless experience that supports customer satisfaction.
Fraud Prevention, Identity Verification
We’ll outline the key highlights of 2024 Final Rule for AML requirements for investment advisers, as well as how the rule will impact certain registered investment advisers (RIAs) and exempt reporting advisers (ERAs) in the US below
Fraud Prevention, Identity Verification
Card Not Present (CNP) fraud is quickly becoming one of the most pressing concerns for businesses, financial institutions, and consumers alike- we discuss what it is and how to prevent it.
The hope is that everyone can use advanced technology like artificial intelligence (AI) responsibly, but this simply isn’t the reality. Case in point–the spike in hyperrealistic fake IDs being made by bad actors with the help of AI.
Fraud Prevention, Identity Verification
Injection attacks are one fraud tactic bad actors are using to submit fakes. With the help of AI technology, these attacks are gaining steam, and they can be difficult to stop– but not impossible, with the help of new algorithms.
Fraud Prevention, Identity Verification
Gig economy users on either side of the marketplace can become victims of fraud. Take a look at the current state of fraud and trust in the gig economy, and how more robust identity verification systems can help.
Biometrics, Fraud Prevention, Identity Verification
The rising prevalence of SIM swapping incidents underscores the need for more robust identity proofing processes and enhanced security measures in the telecommunications industry.
Age verification not only maintains regulatory compliance but also keeps users safe online and creates an atmosphere of trust. From fines to damages to brand reputation and more, companies can’t take the risk of anything less than full compliance with age-related regulations.
With Know Your Gamer (KYG) policies, gaming companies can accurately verify the identities of those who are active on their sites. By implementing identity verification platforms, these companies can lessen their exposure to bad actors who want to sabotage the game or are looking to defraud the platform or other players.
Decentralized technologies are the future of identity management. But why is this move to decentralized solutions happening, and why is it so important? It’s simple: A decentralized, ultra-secure identity wallet can serve the dual purpose of protecting your identity from disaster and giving you unprecedented control over your personal data.
Knowledge-based authentication or KBA is utilized extensively for authentication in many industries and applications, and if fairly easy to deploy at a nominal cost. Unfortunately, it isn’t always the optimal solution, especially as fraud techniques become more sophisticated.
Identity verification means that a business can confirm the identity of its customers. Identity Verification is a process that ensures a person is who they claim to be.
