COVID-19 has had a huge impact on online customer adoption and, according to McKinsey Digital, “the rapid migration to digital technologies driven by the pandemic will continue into the recovery.” Organisations have had to rethink their customer onboarding processes in order to move their services fully online, meet KYC/AML mandates and deliver a better digital…
As the economy slowly starts to recover, there are still pockets of the market that still need to hire lots of folks en masse. This is known as high-volume recruitment and generally refers to filling a larger-than-average number of positions in a relatively short time frame. And much like everything else in the COVID era,…
For decades, the only real way to verify someone’s identity online was to compare self-reported information, usually captured on an online form, to a third-party database or credit bureau. So, if Tom Jones at 125 Willow Street in Saratoga, California provided that information online along with his given Social Security number, then obviously that person…
The estimated amount of money laundered globally in one year is 2% to 5% of global GDP — that’s $800 billion to $2 trillion in current U.S. dollars. Though the margin between those figures is huge, even the lower estimate underscores the seriousness of the problem governments have pledged to address. Consequently, any organization that…
Azure Active Directory (Azure AD) External Identities is a set of capabilities that enables organizations to secure and manage any external user, including customers and partners. For white label authentication and fully customizable user experience, Azure Active Directory B2C is capable of supporting millions of users and billions of authentications per day. Using Azure AD…
Today, Jumio is announcing the launch of our KYX platform, which begs the question — what is KYX? The “X” in KYX could be your customer, your patient, your business partner, your driver or any host of end users. We’re obviously riffing on KYC or Know Your Customer, which is the mandatory process of identifying…
Once a company has made the decision to use online identity verification, leveraging a government-issued ID and a corroborating selfie, the next big decision is what type of implementation they should use. There are typically three options: Mobile SDK: The identity verification functionality is embedded within a mobile software development kit (SDK) that is integrated…
Paysafe is on a mission to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, card issuing and online cash solutions. Delivered through an integrated payments platform, their solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Onboarding new Paysafe…
The problem with most plastic forms of government-issued IDs is that they can be forged or digitally manipulated with ease, and counterfeiters can now order high-resolution printing equipment and some basic security inks online. They often change the personalized data of an existing ID document through methods such as scratching, cutting, dissolving or using solvents…
Not all biometrics are the same. Functionally they do the same thing — measure and compare unique physical or behavioral traits — but smart biometrics, which are enhanced by artificial intelligence and machine learning, adapt and evolve with every use. Smart biometrics are the foundational aspects of a broader trend that FindBiometrics calls “Intelligent ID” — a key…