The Identity and Beyond Blog

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

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The Power of Orchestration: Why Businesses are Turning to End-to-End Identity Proofing Platforms

November 29, 2022

When it comes to onboarding customers online, businesses have adopted eKYC solutions to ensure their new customers are who they say they are and are suitable to do business with. But most eKYC solutions are limited in scope, forcing companies to research, purchase, integrate and maintain dozens of different point solutions to meet all their…

KYC in Fintech: How to Stay Compliant

November 28, 2022

Anti-Money Laundering (AML) regulations apply to all financial institutions, including fintech companies. The purpose of AML is to prevent financial crimes, such as terrorist financing and identify fraud. Know Your Customer (KYC) is a core component of AML and is especially important for fintech organizations. KYC in fintech is more challenging than in other financial…

Is Your Financial Institution Ready for Open Banking?

November 21, 2022

Hello banking and fintech friends! I had the opportunity to sit down with Anmol Grover, Open Banking Lead for Wipro and Alix Melchy, VP of AI at Jumio, to learn more about how we work together to provide banks with a secure and innovative solution that enables digital transformation and identity verification. What is open…

shadows looking at phone with luggage

‘Tis the Season for Travel Fraud: Protecting Your Customers During the Holidays and Beyond

November 17, 2022

After a massive decline during the COVID-19 pandemic, travel came soaring back in 2022. But while this rebound is good news for the travel industry, fraud has also been taking off. Criminals have realized that travelers provide a gold mine of value, both in the ease of stealing their identities (made easier because travelers must…

Preventing Fraud By Assessing Email Risk

November 14, 2022

Email risk is a low-cost but powerful risk signal you can use in your onboarding process to help prevent fraud. In fact, when I was a junior fraud operations manager, I got to see first-hand what a huge difference this risk check can make. I was tasked with mitigating onboarding fraud for the company’s deposit…

The Relationship Between Know Your Customer (KYC) & Customer Due Diligence (CDD)

November 09, 2022

Anti-money laundering (AML) regulations are necessary to battle crimes in the financial services industry, including terrorist financing, identity fraud and illegal drug transactions. They are the primary means used to reduce this type of unlawful activity. AML regulations encompass several subsets. Know Your Customer (KYC) is perhaps the most important of these subsets and, in…

evaluating device risk

Evaluating Device Risk During Onboarding — Zero Friction, High Reward

November 01, 2022

When onboarding new customers online, there are many different risk signals you can evaluate to ensure the customer is who they say they are and that they don’t cause unnecessary risk to your business. For example, you might look at the history of the email address or phone number the customer provides to see if…

What’s New in the Jumio KYX Platform

October 24, 2022

Today we are proud to announce the continued evolution of the Jumio KYX Platform with additional features that further enhance our intuitive, one-stop orchestration hub. The KYX Platform provides end-to-end identity proofing, risk assessment and KYC/AML compliance management to help you fight fraud and financial crime. Following are the highlights of the latest improvements. Enhanced…

The Power of a Reusable Digital Identity: Security, Privacy and Efficiency

October 18, 2022

In the past decade, “digital identity” has simply referred to uploading a digital copy of your driver’s license, passport or other identification document (ID). Identity verification solutions use these digital snapshots to help businesses know and trust their customers online. But these snapshots have some flaws. First, it’s easy for fraudsters to digitally manipulate these…

KYC Checklist: Creating a Compliant Know Your Customer Program

October 14, 2022

Designing an effective Know Your Customer (KYC) program is a critical component of an effective anti-money laundering (AML) program. KYC requirements are meant to protect your organization from doing business with — or becoming the victim of — financial criminals. Without a well-designed KYC process, your organization is unlikely to be compliant with government regulations….

How to Evaluate Identity Verification Technology

October 13, 2022

If you’re confused by all the identity verification solutions on the market and how they’re different, you’re not alone. With everyone claiming to have the fastest and most accurate solution for helping you know and trust your customers, it can be hard to decide which one is really the best. The technical jargon makes it…

Navigating Asia Pacific’s Identity Fraud Landscape

October 11, 2022

Have you ever watched the chilling cult classic “Invasion of the Body Snatchers”? The 1950s alien takeover movie is best remembered for evoking paranoia about the faceless evil lurking within society. Now, 70 years later, this invasion may be more real than reel. People who are not who they claim to be are silently and…