The way we verify identity has undergone a massive transformation in recent years. With the rise of digital services, ensuring that someone is truly who they claim to be has become paramount for businesses and consumers alike. One of the fastest-growing fields in this space is facial recognition technology — the facial recognition market is…
The identity verification market is at an inflection point. Five years ago, opening an account online using your ID and a selfie to prove your identity was still somewhat novel. Today, we not only expect this functionality — we want it to be fast and involve a lot less friction. After all, if we’ve already…
Anti-Money Laundering (AML) and Know Your Customer (KYC) are terms often mentioned together in financial compliance discussions. While they are closely linked, within banking operations AML serves as the broader regulatory umbrella, and KYC acts as the customer-specific frontline defense. This post explores how AML fits within the KYC lifecycle, specifically in banking contexts, to…
“First impressions last” may be an old phrase, but in an era where customers are quick to flame brands on social media and leave a lasting online legacy for their poor experiences, it’s never been more relevant than today. As our lives continue to move online, digital onboarding has become the first impression many customers…
Online customer identity verification has become a critical pillar of security in today’s digital economy. With fraud and synthetic identities skyrocketing, businesses face increasing challenges in verifying who their customers really are. In 2025, identity fraud is expected to reach staggering heights, with estimated losses of tens of billions of dollars globally. In the U.S….
Every part of our lives runs through digital platforms, and for many people, it has become the bank, the mall, the supermarket, the stockbroker, and even the sportsbook. Most of us don’t even think twice about using our mobile phones for conducting every kind of financial transaction, because we inherently trust them. However, fraudsters have…
There’s a major shift happening in the way governments, businesses, and consumers establish trust with one another. With the advent of digital identity wallets, it’s becoming easier than ever to make sure the person you’re doing business with is who they say they are. The European Union (EU) is leading the way and has passed…
Digital transformation is rapidly redefining high-stakes industries such as financial services, and traditional identity verification methods are no longer sufficient. Once considered the industry standard, manual Know Your Customer (KYC) processes are now struggling to keep pace with evolving regulatory requirements, rising customer expectations, and increasingly sophisticated fraud tactics. The result is a growing demand…
In today’s digital world, trust is everything. Yet the ways we establish trust online haven’t kept pace with how rapidly the threat landscape is changing. For years, identity verification has been the foundation of digital trust, a quick check to confirm that someone is who they claim to be at a single point in time….
At Google I/O 2025, the company introduced its most advanced video generation model yet: Veo 3. With just a few words, users can now create realistic, high-resolution videos complete with dynamic camera movement, cinematic lighting, and lifelike human motion. While the possibilities for creativity and innovation are immense, so are the risks. For businesses, Veo…