The Identity and Beyond Blog

Our take on identity and compliance in a digital-first world.

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Multi-Factor Authentication: What It Is and How It Protects Your Customers

June 29, 2021

Online users want more security. Over the last year alone, major data breaches have affected millions of people. One headliner, the Microsoft Exchange cyberattack, was enough to terrify even casual users of online services. These breaches have shown how effortless it has become for tech-savvy criminals to steal personal data to use or sell. Business…

Collaborative Compliance: Regulators Focus on Enabling Fintechs

June 22, 2021

Innovation. Partnership. Outreach & Education. When you think of a regulatory agency, these may not be the words that spring to mind, but they were key themes at the North America track of the ACAMS Anti-Financial Crime FinTech Summit. Across all of the sessions, the message was consistent and clear: regulators are focusing on enabling…

How Identity Verification Helps Create a More Inclusive Telehealth Experience

June 15, 2021

COVID-19 has greatly changed how we care for ourselves and has resulted in a massive shift in how we connect with our doctors. But telehealth has tremendous potential beyond the pandemic as well. Virtual care expands healthcare access for everyone while also reducing disease exposure for patients and staff, preserving scarce medical supplies and reducing…

Electronic IDs in the EU and Beyond

June 02, 2021

We are living in times of digital transformation. A lot of forms, certificates, deeds and recordkeeping are moving from the physical world to the online digital world. This is also true for identification documents: all over the world, the trend is to create electronic versions of the traditional physical ID cards. eIDAS is the European…

Guidance on Anti-Money Laundering (AML) in Banking and Finance for 2021

May 26, 2021

Anti-money laundering (AML) policies are put in place to deter criminals from integrating illicit funds into the financial system. Money laundering schemes are used to conceal the source and possession of money obtained through illegal activities, such as drug trafficking and terrorism. Banks and other financial institutions are legally obligated to follow AML regulations to…

3 Ways to Solve the AML Problem Jumio

Not All AML Solutions are Created Equal

May 17, 2021

Anti-money laundering (AML) requirements vary across the globe. They are strongly characterized by specific legislation in various countries and can differ by industry and time period as well. It’s a dynamic environment that may require solutions of different complexity levels. For example: A cryptocurrency startup in California may need a simple, entry-level solution to support…

The Transportable Identity

May 11, 2021

Think about all the different ways you’re asked to prove that you are really you. Sometimes, you’re asked to provide an email address, phone number or some type of biometric just to create a new online account. It seems like every website and app has its own unique formula for establishing a user’s true digital…

Digital Transformation

6 Ways Online Identity Verification Can Help Airlines with Digital Transformation

May 04, 2021

Airlines have been hit particularly hard by the COVID-19 pandemic, with an unprecedented 60% global decline in total passengers in 2020 and lost revenue totaling approximately $371 billion, according to International Civil Aviation Organization analysis. Given the positive economic impact of vaccination programs and an expected recovery of the economy in the second half of…

Big Data + AML Compliance

How Big Data Can Improve AML Compliance Processes

April 28, 2021

Anti-money laundering (AML) refers to the laws, regulations and processes that businesses must comply with to help stop financial crime. Criminals use money laundering to attempt to hide illicit funds such as income from drug dealing, human trafficking and terrorist financing. Businesses that move money must comply with AML regulations by having an effective AML…

“Isn’t AML just for banks?”

Think you don’t need an AML solution? Think again.

April 22, 2021

“We’re not a financial institution.” “Our sponsor bank takes care of that.” “We’re fine using spreadsheets for now.” “Isn’t AML just for banks?” These are common lines of reasoning people have for scrolling past the anti-money laundering articles. But AML regulations are becoming broader in terms of markets covered and stricter in obligations all the…

Bofin Case Study: Breaking Global Banking Barriers with Jumio

March 30, 2021

Bofin’s vision is to offer a single globalized marketplace where consumers can apply for and manage all their business and personal financial products, all through one easy-to-use mobile app. By getting banks and financial service providers to compete for business through its platform, Bofin gives the consumer a voice and drives innovation within the banking…

The Rise of the Jumio KYX Platform in a World of Fraud, Compliance and Financial Crime

March 10, 2021

The worlds of identity verification, compliance and fraud detection are increasingly intertwined. This is why so many online organizations need to rely on myriad solutions that must be stitched together to help ensure the user experience isn’t too disjointed, time-consuming or onerous. We surveyed dozens of our customers and asked them to walk us through…