The Identity and Beyond Blog

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

Filter by

Most Recent

arrow-down

A Terrible New Chapter in Crypto Fraud

August 18, 2022

Alarming reports have emerged about a crypto investment scam that’s so heinous it sounds fictional. Dubbed “pig butchering” because of the amount of time and care that goes into “fattening up” the victims, this scheme involves targeting people on social media, dating sites and WhatsApp, developing trust with them over days or weeks and manipulating…

Vacmobile Case Study: Safeguarding Digital Vaccination Records with Jumio

August 12, 2022

More than 114 million people in the U.S. are required annually to provide proof of vaccinations for their work or education. Unfortunately, there is no national organization for authenticating and maintaining vaccine records, putting the onus on the individual to keep track of their own records. COVID-19 only amplified the need for an innovative solution…

The Future of Digital Identity by Jumio

Smart, Reusable and Secure: The Future of Digital Identity

August 08, 2022

A massive shift is happening in the way people prove their identities. From banking to healthcare to gaming, as more business moves from the physical world to the digital world it’s become essential for organizations to determine that the person on the other end of the screen is who they say they are and to…

identity proofing for public sector

Know Your Constituent: Why Identity Proofing is Essential in the Public Sector

August 04, 2022

As more and more business moves online, government agencies have also been under pressure to provide a secure yet efficient online experience for members of the public. These agencies have stepped up to the challenge, providing everything from the ability to renew your car’s registration to filing your taxes online. But this digital transformation has…

Jumio + Okta Partnership: How we work together to keep fraudsters out of banking and fintech companies

July 29, 2022

Are your banking customers who they say they are? How can you know for sure? Today, I’m excited to share a “better together” story with you about how Jumio and Okta are working together to provide strong online identity proofing for users all around the world. Ready to dive into the world of identity and…

AML for Fintech: Complying With Anti-Money Laundering Regulations

July 15, 2022

Since the Bank Secrecy Act (BSA) was first enacted in 1970, the U.S. government has strengthened the anti-money laundering (AML) regulations several times, including in 2020 and 2021. These changes were necessary because financial criminals have become more sophisticated and now use advanced technology to mask their crimes. Too many are still successful at hiding…

How Does Digital Onboarding Work?

June 24, 2022

During account opening, many businesses have some sort of onboarding process for new clients that requires gathering basic personal information and introducing clients to the product/services they are entitled to. In the financial sector, onboarding becomes more important because serious security issues are involved. The government carefully regulates financial transactions in order to prevent financial…

How to Build End-to-End Digital Trust for Payments and Financial Services

June 21, 2022

Did you know that in 2020, 84% of businesses in Asia Pacific reported losses in revenue due to payment fraud? Or that synthetic identity theft is growing despite strong Know Your Customer (KYC) practices — because, to date, there has been no efficient way to uncover this type of fraud? Thanks to the rise of…

What is a Digital Identity?

June 17, 2022

In the real world, proving your identity is pretty straightforward. When you show up in person to open a bank account, rent a car, book a hotel room, gamble at a casino or purchase alcohol, you present your government-issued ID, proof of address or whatever else might be required for the transaction, and the company…

Identity Verification Best Practices for a Competitive Bake-Off

June 17, 2022

Increasing scrutiny from customers and regulators combined with increasingly scrupulous fraudsters means your online identity verification program must get real. Verifying the real life identity of your online customers is a growing concern and necessity of businesses across industries. Many of solutions exist to help companies identify the true identity of their online customers. If…

KYC Requirements Guide For AML Compliance in Financial Institutions

June 10, 2022

A key component of all Anti-Money Laundering (AML) efforts is Know Your Customer (KYC). Financial services organizations and any business that deals with the collection and disbursement of money help limit money laundering when they follow KYC procedures and verify the identity of customers. The main goal of KYC is to start this verification process…

When are database checks enough for digital businesses?

June 07, 2022

When the world first went into a pandemic lockdown, it became necessary — almost overnight — to transact and interact online. This, in turn, accelerated the shift toward digital identity (ID) systems for many countries. Why digital IDs? Essentially a set of electronically captured credentials about a person, these digital IDs help ensure that everyone…