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image of dating app in background. Image text reads: Tinder Swindlers with big red circle crossed out.

Will the Online Dating Safety Act Put an End to Tinder Swindlers?

November 15, 2023

Ever hear of the Tinder Swindler? The Tinder Swindler is a Netflix documentary about lies, deceit and online dating. Shimon Hayut, aka the Tinder Swindler, is a convicted fraudster who used dating apps to meet women, then established lines of credit and loans in their names, ultimately leaving them holding the bills. Hayut assumed multiple…

image of woman in background holding smart device. Webull logo and Jumio logo. Text reads: bolstering trust, safety and financial inclusion with Jumio.

Webull Case Study: Bolstering trust, safety and financial inclusion with Jumio

November 13, 2023

Webull is a leading digital investment platform built on next-generation global infrastructure. Founded in 2016, Webull Corporation serves tens of millions of users from over 180 countries, providing retail investors 24/7 access to financial markets around the world. Users can put investment strategies to work by trading global stocks, ETFs, options and fractional shares through…

image of travel. Image text reads: Holiday travel fraud

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

November 09, 2023

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…

PEP Screening: Why it Matters and How to Optimize Your Process

November 08, 2023

When it comes to preventing money laundering and terrorist financing, financial institutions and large corporations have a crucial role to play. One important step in this process is screening politically exposed persons (PEPs) — individuals who hold a prominent public position or have close ties to such individuals — for potential risk. PEPs are considered…

KYC and AML

KYC and AML Programs: How Do They Work Together?

November 07, 2023

When it comes to compliance, there are many different regulations for companies to navigate. Adding to the confusion is the various compliance terminology, such as AML and KYC, which are similar but can mean different things. AML or anti-money laundering refers to the steps that financial institutions and other firms must take to prevent criminals…

trust and safety sharing economy

Trust and Safety: The Linchpin to Sharing Economy Success

November 03, 2023

How safe do you need to feel in order to rent a room in a stranger’s home, or to trust someone you’ve never met to drive you home after a night out on the town? Companies who get trust and safety right are reaping the rewards — the sharing industry is expected to skyrocket to…

Beyond CDD

What Does CDD (Customer Due Diligence) Mean for Banks and Financial Companies?

October 27, 2023

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, organizations across the financial services industry need to have a good read on their prospective clients before allowing them to open an account to mitigate fraud and money laundering risk. This is…

image of workflow boxes shown on green background. Text on image reads: Workflows. Preventing Identity Fraud

Using Workflows to Prevent Identity Fraud in User Onboarding and Beyond

October 26, 2023

When implementing a fraud-prevention system, there are multiple approaches you can take. The most important step is to keep fraudsters off your platform in the first place. Using identity verification and authentication, you can ensure the person who’s onboarding or signing in to an existing account is who they say they are. But stopping identity…

introducing jumio 360 degree fraud analytics

Groundbreaking New Fraud Prevention Technology for a Rapidly Evolving Fraud Landscape

October 23, 2023

There’s an alarming trend in organized crime rings that has the potential to defraud businesses of billions of dollars in the next few years. Because of rapid advances in technology, crime rings have discovered they can attack a series of businesses in rapid succession and walk away with huge amounts of money or create hundreds…

image of young female on a scooter holding a smart device. Text on image reads: Trust in the Sharing Economy.

How to Establish and Maintain Trust in the Sharing Economy

October 13, 2023

From car sharing services to short-term home rental services, the sharing economy is exploding. According to Industry Research, the sharing economy market is expected to grow at a CAGR of 32.01%, reaching $794 million by 2028. But the rise of the sharing economy has coincided with a rise in AI-generated deepfakes and other types of…

image of woman holding a phone. Woman is wearing glasses and has a watch on left hand. Text on image reads: Bank with Your Smile.

Bank With Your Smile: How Jumio Helps Credit Unions Fight Fraud

October 12, 2023

Jumio is on a mission to help credit unions fight fraud. Many credit unions are worried about implementing a new system that might disrupt their current members’ experience. At the same time, they know they have to take a proactive approach to fighting fraud, because waiting too long could jeopardize their brand and ultimately lose…

image of male with facial hair in four different screens. Showing process of deepfaking.

The Changing Face of Identity Verification

October 09, 2023

As businesses continue to expand their online offerings — and fraudsters become more and more sophisticated — it’s essential to be able to quickly and accurately establish the real-world identity of each person. According to the 2023 Gartner® Market Guide for Identity Verification, “The purpose of identity verification is to establish confidence in the identity…