The Identity and Beyond Blog

There are literally billions of dollars — somewhere between $40 billion and $50 billion — of unclaimed property held by states. Each year, unclaimed or abandoned assets are turned over to each state’s Unclaimed Property divisions by financial institutions and businesses that lose contact with the owners of those assets. Each state’s treasury department serves…

What is regtech? Regulatory Technology is an emerging field that applies new technologies to manage the administration of regulatory requirements, and is considered a subset of fintech (technologies that make financial activities more efficient). Here’s how John Dwyer, senior research analyst at Celent, explains the growth of regtech. “By harnessing technology to improve and optimize…

Jumio recently announced the beta launch of Jumio Go, a fully automated identity verification solution. Jumio Go combines AI, OCR and certified liveness detection technologies to automatically extract ID document data and validate the user’s digital identity in real time. Jumio Go, along with Jumio’s entire suite of identity verification and authentication solutions, automatically performs…

The Hudson United Bank of New Jersey was one of the banks used by the airplane hijackers who perpetrated the deadliest attack ever on American soil on Sept. 11, 2001. According to the 9/11 Commission, money-laundering safeguards within the financial industry at the time were not designed to detect or disrupt the type of deposits,…

Today we’re excited to announce some big improvements in our industry-leading identity verification and authentication solutions. Made possible by our multi-year investment in AI, automation and product development, these innovations are onboard now to help you fight fraud and meet your compliance requirements, while converting good customers faster. We invite you to get the complete…

Your marketing department comes up with a great campaign. They think through all the wording and craft pithy catchphrases to capture the imagination of your target market. They develop email campaigns, banner ads, social posts and even some direct mail — all with the intent of generating bona fide prospects to your website. These campaigns…

Recently, you may have heard about a company that experienced a data breach, and because you didn’t patronize this company, you presumably breathed a sigh of relief. But don’t get too comfortable — chances are your data may get compromised in the next breach, or the one after that. When there’s a big data breach,…

Think back to the last online account you created. It may have been a new bank account, or perhaps a new social media or online dating profile. Chances are you were asked questions like “Which of the following addresses have you resided at in the last five years?” This is part of the identity proofing…

Deepfakes are everywhere. From video impersonations to celebrity face swaps, they are becoming the modern-day meme because they’re relatively simple to create. A deepfake superimposes existing video footage of a face onto a source head and body using advanced neural network powered AI. In other words, a deepfake looks to be a real person’s recorded…

Switzerland needs online identity verification now. While this technology is nothing new to Swiss regulators, Swiss banks and financial institutions have been slow to roll it out and are hurting themselves by not acting sooner. Back in 2016 the Swiss Financial Market Supervisory Authority (FINMA) started allowing Swiss-based financial institutions to use online identity verification…

What is GDPR? The General Data Protection Regulation (GDPR) is designed to protect the data privacy of EU citizens. Every company that processes the data of EU citizens, regardless of where that company is located, must comply with GDPR policies. The fines for non-compliance are huge: up to €20 million (~$22 million) or up to 4% of the…

Our digital and physical worlds are becoming increasingly inseparable, with 81% of American adults going online on a daily basis, according to a recent Pew Research Center survey. Consumers can do everything from renting a vacation home to opening a new bank account with just a few clicks and swipes. In the process they’re leaving…