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Discuss upcoming trends in digital proofing, authentication, fraud and digital identity management.
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Gus Tomlinson Chief Product Officer at GBG
Money laundering and fraud is a serious threat to the UK economy. Fraud accounts for nearly 40% of all crime, while the National Crime Agency estimates over £10 billion is laundered in the UK each year via money muling alone – the act of moving criminal funds through clean bank accounts on behalf of malicious actors, either in return for payment ...
14 October 2024 /identity /crime
Barley Laing UK Managing Director at Melissa
Financial crime remains a big issue with $3.1 trillion of illicit funds flowing through the global financial system in 2023, according to Nasdaq’s 2024 Global Financial Crime Report. It’s no wonder that most in financial services are investing heavily in advanced ID verification technology to protect themselves from fraud and meet increasingly stri...
30 September 2024 /identity /crime
Clare Rowley Head of Business Operations at Global Legal Entity Identifier Foundation (GLEIF)
The need to harmonize cross-border trust services continues to grow in line with the ever-increasing volume of trade and commerce taking place globally across digital platforms. In this effort, the LEI can play a fundamental enabling role. The Financial Stability Board (FSB) has already endorsed the LEI to support the goals of its G20-endorsed Road...
05 July 2024 /payments /identity
Simon Horswell Fraud Specialist Manager at Onfido
In today’s digital world, 81% of people access online services daily. Against this backdrop, verifying identities online has become a new business standard. It’s a yardstick to measure an organisation’s digital readiness and resilience, which is why 1 in 2 end users now encounter digital identity verification (IDV) during the registration process....
25 June 2024 /identity
The global economy is wrestling with never-before-seen levels of identity-related fraud. Cybercrime costs in the United States reached an estimated 320 billion U.S. dollars as of 2023, according to Statista. Between 2017 and 2023, this figure has seen a significant increase of over 300 billion U.S. dollars. According to the latest estimates, this ...
24 May 2024 /identity /crime
Adam Preis Global Strategist at Ping Identity
The Perfect Storm In the vast ocean of the insurance industry, the winds of change are blowing stronger than ever before. Historically known for its conservative approach to technology adoption, the insurance sector finds itself at a crossroads. Enterprises are compelled to embrace digital transformation to navigate the evolving currents of regula...
08 May 2024 /retail /identity
In the fast-paced realm of financial services, digital transformation is reshaping the competitive landscape. The emergence of digital disruptors has redefined customer expectations, emphasising the need for seamless, secure, and tailored financial experiences. As Charles Darwin aptly noted, survival depends on adaptability to change. In today's f...
25 March 2024 /security /payments
As migration increases and globalisation continues at pace, financial institutions around the world are having to review and verify a greater range of identification (ID) documents when onboarding customers than they traditionally would. This is backed up by research from the United Nations (UN) highlighting that nearly four per cent of the world’...
02 February 2024 /identity /crime
Robert O'Farrell CTO at ID-Pal
In the first four articles of this series (Current Techniques in Identity Verification: Establishing a Chain of Trust (continued)) we outlined the current methods of identity verification. Now we must look towards the horizon. As with any technological evolution, new threats emerge, requiring us to adapt and innovate. As the technology moves for...
18 December 2023 /security /identity
In part three of the series (Current Techniques in Identity Verification: Establishing a Chain of Trust) we started discussing the tests that computers can perform to verify a person’s identity. We ended that with a discussion of how ID document verification can be used to establish that you are dealing with a true identity. In this article we ...
12 December 2023 /security /identity
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