Hackers are more sophisticated than ever. To keep customer data safe and secure, financial institutions need a customer authentication system that keeps them one step ahead. Both knowledge-based authentication (KBA) and biometrics can help protect sensitive customer information, but which offers better, more reliable data security? And with growing security risks, is one authentication method…
Finance and banking are among the most regulated industries in the U.S., and it can be difficult to keep all the requirements straight. As part of Know Your Customer (KYC) and Anti-money Laundering (AML) compliance, financial institutions are required to verify customer identities through a Customer Identification Program (CIP). CIPs became a legal requirement with…
Customer requirements are transcending traditional know your customer (KYC) use cases, with identity verification now encompassing a broader range of applications in marketplaces, workforces and security. Gartner predicts that by 2027, the global demand for individual identity verification point tools will decrease by 20% due to the increasing need for all-in-one digital identity platforms. As…
Online sports betting has exploded across the U.S. in the past few years. Sportsbooks like DraftKings Inc. and FanDuel Inc. are ubiquitous on TV, radio, billboards and social media. All the major U.S. sports leagues now have partnerships with betting platforms. In August 2023, ESPN struck a 10-year, $1.5 billion deal with Penn Entertainment to…
Thanks to the dark web, cyberattacks and account takeover fraud, authenticating users’ identities is an ever-evolving challenge — but one that biometric authentication can help solve. Biometric authentication verifies a user’s identity based on unique biological traits such as retinas, facial features, fingerprints and even voice. Each time a user accesses their account, the biometric security…
Lottoland has grown rapidly to become a world leader in online gaming. Innovation, coupled with the freedom to offer players a unique and enhanced lottery experience, has been key to the company’s success. In June 2018, Lottoland paid out €90 million to one lucky winner, a win that has been confirmed by Guinness World Records…
Ahli United Bank B.S.C. (AUB) is a leading pan-regional Islamic financial services provider, incorporated in Bahrain in May 2000. It offers a full range of Sharia-compliant retail, commercial, private banking and wealth management services across the MENA region and the UK. With 163 branches in 8 countries, AUB operates through its Bahrain Head Office and…
In the global business landscape, expansion is a delicate and complex process, akin to assembling an intricate puzzle with numerous interlocking pieces. Each component in cross-border expansion contributes to the broader picture of success. However, much like assembling a challenging puzzle, navigating the multifaceted landscape of Asia Pacific (APAC) markets requires the alignment of crucial…
Let’s be honest – the car-buying experience is a dreaded affair for most of us. It’s time-consuming, exhausting, and these days, it can be pretty expensive. But beyond the usual headaches, car dealerships are facing an increase in challenges that go beyond negotiating prices and interest rates. The rise of fraudulent applicants, synthetic fraud, and…
In today’s generative-AI landscape, where the specter of identity theft and fraud looms large, the importance of ensuring the authenticity of individuals has reached a critical juncture for businesses and organizations. Background screening companies, entrusted with the responsibility of conducting thorough checks on candidates for employment, play a pivotal role in upholding the integrity of…