The Trusted Identity Blog

Our take on identity in a digital-first world.

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Bad Actors vs. Charitable Heroes

A New Virtual Reality: Bad Actors vs. Charitable Heroes

May 21, 2020

A recent study by the UK National Fraud & Cyber Security Centre reported that coronavirus-related fraud increased by 400% in March, but amidst these dark times, a new generation of heroes has emerged. People across the globe are teaming up virtually and finding ways to help each other overcome the difficulties brought on by the…

Identity proofing through informed AI. Jumio and Okta

How Identity Proofing Anchors Okta’s Customer Identity

May 20, 2020

Identity proofing has been fundamental to businesses for a very long time to ensure that customers are who they say they are. The concept of identity proofing dates back to prehistoric times when beads were used to communicate wealth, familial lineage and personal identity. Facial tattoos such as those adorned by the Maori of New…

Age Verification: The Fine Line

Age Verification: The Fine Line Between Clever and Stupid

May 14, 2020

More children are going online, more frequently, via more devices and services, at ever-younger ages. The internet offers huge opportunities for children, but it also poses major risks to minors’ safety, well-being and rights. There is growing evidence of harm to children online, but addressing the risks is complex because the risks are often highly…

Telcos in the Aftermatch of COVID-19

How Online Identity Verification Can Help Telcos in the Aftermath of COVID-19

May 12, 2020

We are using technology, specifically our mobile devices, more and more to communicate with friends and colleagues because of the COVID-19 pandemic. Telcos are part of the critical infrastructure that enables this change. However, even if our online activity has grown as well as our use of telecommunications, there are some areas where telcos are…

Is AI Enough?

Understanding the Limitations of Machine-Based Decisions for Online Identity Verification

May 06, 2020

Accelerating digital transformation and the growing virtual banking market are driving increasing adoption of artificial intelligence (AI) technologies in the financial services sector to streamline operational workflows and better serve a broader set of customers….

Strong Customer Authentication Suffers Another Delay

Strong Customer Authentication Suffers Another Delay

May 05, 2020

The Financial Conduct Authority has announced it is allowing extra time for the rollout of Strong Customer Authentication (SCA) for e-commerce transactions in the UK, and the move is likely to be followed by others across Europe….

YOU Are the First Line of Your Own Defense for Fraud Prevention

YOU Are the First Line of Your Own Defense for Fraud Prevention

April 23, 2020

We are already starting to see the massive impact that COVID-19 is having on the global economy. And as unemployment rates explode, cybercrime and fraud will grow as well. In the UK, online banking fraud losses increased from £22.6m in 2007 to £52.5m in 2008 when the Great Recession hit, and then to £59.7m in…

FCA Guidelines Open the Door to Increased Fraud

Certified Liveness Detection a Must for FCA Recommended Customer Selfies

April 09, 2020

With so many people around the world reduced to essential travel only, financial services firms have had to look for new non-traditional methods to verify their customers’ identities whilst still meeting AML and KYC obligations. In the UK, the Financial Conduct Authority (FCA) has offered to relax rules and provide some insight on new methods…

SBA Stimulus: Averting Disaster

Averting Disaster: Small-Business Stimulus & Remote Identity Proofing

March 31, 2020

I grew up in a small business. A very small business. My dad managed a convenience store, my mom managed the books, and my brother and I managed the cash register and stocked the shelves. It was a 24x7x365 day operation. When an employee didn’t show up for their shift, one of us would have…

Jumio Go for Good Free AI-Powered Identity Verification Services for COVID-19 Relief

Jumio Donates AI-Fueled Identity Verification Service to Battle COVID-19 and Establish Trust Remotely

March 23, 2020

More than ever, it is important to establish trust remotely. Here at Jumio, we have the good fortune of being the world’s most trusted source of remotely determining who someone really is. We serve some of the largest brands in the world who use us to verify online users and prevent fraud across the globe…

COVID-19: A Call for Digital Trasformation

COVID-19: A Call for Digital Transformation

March 17, 2020

The COVID-19 outbreak is a tragedy that will have widespread and long-lasting implications for humanity and our global economy. As the coronavirus continues to spread around the world, more and more enterprises will miss their financial targets because of supply chain disruptions and dampened customer demand. It’s also unclear how long this pandemic will last,…

Rethinking eKYC in APAC

Rethinking eKYC for Digital Banking in Asia-Pacific

March 05, 2020

In recent years, we have witnessed accelerated growth in Asia’s digital banking sector. More fintechs and newly licensed virtual banks are coming to market to address the unbanked segment, while traditional banks are transforming to manage costs and achieve operational efficiency in this increasingly competitive landscape. However, digitization has also exposed businesses to new risks,…