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 at the time were not designed to detect or disrupt the type of deposits, withdrawals and wire transfers […]
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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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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You wouldn’t hire a new employee without making sure they’re the right fit for the job, right? Just as employers thoroughly vet candidates, banks and financial institutions need to have a good read on their prospective clients before allowing them to open an account. This is where customer due diligence comes into play. What is […]
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