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The Power of Real-time Course Correction

How to Boost Conversion Rates During Onboarding with Real-time Course Correction

May 07, 2024

With deepfakes on the rise, establishing trust online has never been more important. But sacrificing user experience — and losing customers as a result — is not an acceptable trade-off. Successful businesses use advanced identity verification solutions that can detect deepfakes and stop fraudsters while providing a streamlined onboarding experience for legitimate customers. In fact,…

7 KYC Onboarding Trends for 2024

The KYC Onboarding Process for 2024: What’s Changed?

May 01, 2024

Know Your Customer (KYC) procedures are critical processes for financial institutions and other high-fraud-risk organizations onboarding new customers. But as customers’ preferences for digital onboarding emerge, traditional KYC identity verification processes aren’t enough to ensure safety and security for customers or the organization. KYC procedures are advancing and evolving, helping organizations improve efficiency and increase…

image text reads: Looking to reduce payment fraud? image shows green, grey and black boxes.

Looking to Reduce Payments Fraud? 7 Considerations for Choosing a Biometrics-Based Identity Verification Solution

April 29, 2024

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…

Customer Due Diligence Checklist

Customer Due Diligence Checklist: How To Improve Your CDD Processes

April 26, 2024

As financial institutions have become an essential part of the global economy, it’s increasingly important to ensure their safety and security. Implementing a Know Your Customer (KYC) process is critical to understanding their customers and identifying potential risks or threats. Customer due diligence is a key component of the KYC process. By conducting customer due…

KYC APIs: A How-To Guide to APIs for Identity Verification

How KYC APIs Can Unlock Increased Efficiency Relating to New Identity Verification

April 23, 2024

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…

image of female holding phone screen. Phone is scanning face using face biometrics. Image reads: Breaking down borders with Jumio

DolarApp Case Study: Breaking Down Borders with Jumio

April 22, 2024

DolarApp aims to make finances borderless by providing digital dollar accounts for Latin Americans. DolarApp makes it possible for customers in the LATAM region to send and receive transfers locally and in the U.S., dollarize their savings in a legal way and pay with an international Mastercard in any currency at the best rates –…

Digital Identity Verification Explained

What Is Digital Identity Verification, and Why Does It Matter?

April 19, 2024

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…

Ensuring Mobile Banking Security: Challenges and Solutions

April 17, 2024

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…

AI for Identity Document Verification

How AI is Reinventing and Streamlining Identity Document Verification 

April 11, 2024

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…

Harnessing the Power of Real-Time Fraud Detection

April 09, 2024

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…

image of male holding phone. Screening scanning face. Image on text reads: Keeping Airlines Miles Safe.

Keeping Your Miles Safe: Why Identity Verification is Key for Airlines

April 03, 2024

With the increasing rise in air travel around the world, the stakes for airlines couldn’t be higher. Security and efficiency are top concerns, and ensuring passengers have a frictionless experience has become an imperative. But there’s a hidden vulnerability that often goes unnoticed amidst the hustle and bustle of terminals and boarding gates: airline frequent…

Best Practices for Implementing Risk Signals

April 02, 2024

Risk signals are various types of checks that help verify that a person is who they say they are and that they’re suitable to do business with. For example, when a new user is creating an account online, you can check the reputation of their phone number, email address and IP address to see whether…