Category: Blog

In the age of digital transactions and online commerce, payment technologies have become an integral part of our daily lives. However, with the convenience of electronic payments comes the risk of identity fraud. As cybercriminals become more sophisticated, businesses must prioritize robust identity verification solutions to protect themselves and their customers. In this article, we’ll…

Know Your Customer (KYC) processes are put in place to protect against fraud, identity theft and red-flag transactions. And while they’re crucial for creating a safe and secure banking environment, they can often be time-consuming and resource-intensive to complete. Thanks to new technologies, KYC processes are becoming easier to manage. KYC APIs are creating new…

In today’s digital-first world, our most vital information exists online and in the cloud — making it more difficult than ever to keep it protected. Companies holding that sensitive information have a responsibility to keep it secure and ensure only authorized users are able to access accounts and databases. In the past, companies have relied on…

In 2023, 48% of consumers said their primary method of accessing their bank account was through their mobile phone and online platforms. The preference for digital banking channels is especially strong among younger generations, with 74% of millennials reporting that they choose to bank digitally. The growing popularity of digital banking platforms provides fraudsters and…

As photo-editing and creation tools become more advanced and easier to use, it’s more and more difficult to identify fraudulent documents, like identity document (ID) cards. And with the latest deepfake technology, it’s easier than ever to fool traditional fraud detection systems. Stopping savvy fraudsters requires taking a smarter approach to identity document verification. Enter…

Fraudsters’ attacks are getting more and more advanced. They’re discovering new ways to bypass conventional fraud detection systems, allowing them to slip under the radar for longer and longer amounts of time. Fast detection is key to stopping damages caused by fraud from spreading. With smarter cybercriminals, companies need smarter prevention and detection systems to…