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Demystifying Strong Customer Authentication: A Simple Path to PSD2 Compliance

Demystifying Strong Customer Authentication: A Simple Path to PSD2 Compliance

August 21, 2019

This month, the UK’s Financial Conduct Authority (FCA) confirmed an 18-month delay to the introduction of Strong Customer Authentication (SCA) rules in order to give financial and retail firms a little breathing room to prepare. “The FCA has been working with the industry to put in place stronger means of ensuring that anyone seeking to…

Get eKYC Right

How Asia-Pacific Banks Can Get eKYC Right [Infographic]

August 07, 2019

Asia-Pacific smartphone adoption is through the roof, and nine countries in Asia already have the same or higher smartphone ownership rate than the U.S. This skyrocketing mobile device adoption is a positive step for APAC banks and financial institutions when it comes to customer onboarding. Consumers increasingly expect that their online banking experience should be…

the age of aml

New Regulations Usher in the Age of AML for Canadian Banks and Fintechs

August 01, 2019

Updates to Canada’s anti-money laundering (AML) and anti-terrorist funding (ATF) regulations are about to make customer onboarding and compliance much easier for banks and fintechs because they change the way end users can verify their identities. The Government of Canada recently published new regulation amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing…

Why Online Identity Verification is Essential to CCPA Compliance

July 24, 2019

The California Consumer Privacy Act, or CCPA, is an unprecedented privacy law going into effect January 1, 2020. CCPA is expected to be the strictest data privacy law in the U.S. and will accomplish three major objectives, giving California residents the right to: Know what information businesses are collecting about them Tell a business not…

FaceApp: Photoshopping on Steroids

July 19, 2019

Check out the before and after pictures The Jonas Brothers created with FaceApp. While the app has been around since 2017, it’s gone viral in the last week as people use it to see how they would look when they’re older. Pretty cool.  Pretty innocuous. Well, maybe, not so much. Let’s start with FaceApp’s own…


5 Killer Mistakes When Onboarding New Players in Online Gaming

July 15, 2019

When it comes to online gaming, there are a number of converging regulatory trends that are challenging operators’ ability to quickly verify and onboard new players. If you’re a UK-based operator, you now have to contend with new UKGC rules to prevent underage gambling. These new rules prevent players from gambling until their name, address…

Facial Identification Explained: Face Recognition vs. Facial Authentication

July 09, 2019

There’s a healthy degree of confusion between facial recognition and facial authentication, but the underlying technologies are often very different and designed to address different use cases. With the launch of Apple iPhone X and its successors, facial recognition has gone mainstream and helped consumers recognize that their faces could serve as their password. In…

6 Glaring Limitations of OCR for Identity Verification

June 25, 2019

We’re starting to observe a new market phenomenon: the rise of DIY online identity verification and efforts by companies to cobble together OCR technology, facial recognition software and low-cost manual review teams. Want to learn more now? Download Jumio’s eKYC in APAC Guide.  At its face, this approach makes some sense, but it’s important to understand…

How APAC Fintechs and Banks Can Get eKYC Right

June 18, 2019

Banks are striving to grow their customer base through faster, easier and lower-cost digital channels. Yet, the current regulatory and cybersecurity landscape creates a layer of complexity. Consumers want the convenience of signing up through digital channels, but financial institutions must comply with stringent anti-money laundering (AML) and know your customer (KYC) regulations that typically…

The Sudden Emergence of KYP: Know Your Patient

June 13, 2019

Over the last decade, there have been over 2,550 health care data breaches impacting more than 175 million medical records. That’s the equivalent of affecting more than 50 percent of the U.S. population. What’s not commonly understood is that medical records command a high value on the dark web. These medical records can be listed…


CCPA: Making Sense of California’s Strict New Data Privacy Law

June 06, 2019

Is your business ready for January 1, 2020? This is the date when the California Consumer Privacy Act, or CCPA, is slated to take effect. It’s expected to be the strictest data privacy law in the U.S., and will require data privacy protections and requirements similar to or broader than those imposed by GDPR. The…


5AMLD is Upon Us: Is Your Online Customer Identity Verification Program Up to Snuff?

June 02, 2019

With the deadline to comply with the 5th EU Anti-Money Laundering Directive (5AMLD) looming on 10 January 2020, businesses in the EU are getting serious (or should be) about what the updated rules mean to them. One thing is for sure —the impact of the directive will be far-reaching, extending into a wide range of…