For your online business to succeed, it’s essential that fraudsters fail to get onto your platform. That’s why Jumio provides solutions that help businesses to know and trust their users throughout the customer lifecycle. Risk signals are a powerful tool for assessing the risk of a user right from the start and for customizing the…
March 8 is International Women’s Day, a global day celebrating the social, economic, cultural and political achievements of women. The day also marks a call to action for accelerating women’s equality. The theme for this International Women’s Day is #EmbraceEquity, with the aim of getting the world to talk about why equal opportunities aren’t enough…
It’s no secret that fraudsters are getting more and more sophisticated. There have even been cases where they have used the government’s own equipment to create fake identification documents (IDs). This makes it very difficult to detect that the ID is fraudulent, since it will have all the right watermarks and other indicators of a…
Allowing your customers to onboard with your organization online instead of in person provides convenience for them and a lot more opportunity for you to grow your business. But when it comes to fighting fraud, it’s essential to have a powerful identity verification solution that helps ensure only legitimate customers make it onto your platform….
Did you know that Know Your Customer (KYC) procedures can cost around 3% of a bank’s total operational cost base? This is a significant expense, but the penalty for having an insufficient KYC program is even higher. Increasing and ever-changing Anti-Money Laundering (AML) regulations consistently raise the bar for financial institutions, and failure to comply…
Do social media networks truly care about defending minors from mature content? If you ask everyday Americans, the answer appears to be no. Recent Jumio research found that only 37% of consumers expressed confidence in the commitment of social media sites to shield minors from mature content through age verification measures. Similarly, just 39% of…
The fight against fraud has reached a critical juncture. The pandemic drove a huge increase in digital commerce, which unfortunately also gave a boost to online fraud. According to Aite-Novarica Group, U.S. businesses alone are projected to lose $635 billion in 2023 to identity fraud, an increase of 26% since 2019. That’s why smart leaders…
Spanish Version Portuguese Version As digital transaction trends accelerate, financial firms must stay one step ahead to ensure security and prevent fraud. In Latin America the annual cost of cybercrime mounts up to $90 billion USD so it’s no surprise that companies are increasingly supporting digital tools that verify customer identity quickly and efficiently. This…
Know Your Customer, or KYC, is a key component of anti-money laundering regulations (AML) and requires gathering in-depth identity and transactional data on new and current clients. KYC remediation is the process of analyzing this data, identifying risks and resolving discrepancies in order to achieve regulatory compliance. Financial institutions — including banks, fintechs and financial…
Increasing scrutiny from customers and regulators combined with increasingly scrupulous fraudsters means your online identity verification program must get real. Verifying the real life identity of your online customers is a growing concern and necessity of businesses across industries. Many of solutions exist to help companies identify the true identity of their online customers. If…