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Discuss upcoming trends in digital proofing, authentication, fraud and digital identity management.
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David Fagleman Director at Enryo
Digital enthusiasts commonly portray a future in which technology has eradicated crime. Indeed, one of the most loved arguments for a cashless society is that without physical money criminals will be unable to operate, surveillance will protect good citizens that have nothing to hide, and people will be less likely to lose, misplace or be conned o...
05 January 2021 /payments /identity
Stephan Wolf CEO at Global Legal Entity Identifier Foundation
By adjusting their onboarding processes financial institutions can enhance their client experience, reduce costs and pave the way for new cross border services, explains Stephan Wolf, CEO, Global LEI Foundation. It’s no secret that regulatory compliance doesn’t always sit comfortably with a bank’s desire to deliver a smooth, hassle free user experi...
09 November 2020 /security /identity
Retired Member
As technology constantly evolves, becomes simpler and more cost effective, it is also simultaneously becoming more accessible to fraudsters. This means we’re seeing a surge in fraud cases. The latest tactic these bad actors are turning to is synthetic identity fraud. In the US, it’s already the fastest growing type of financial crime according to ...
29 September 2020 /identity /crime
Barley Laing UK Managing Director at Melissa
The world was already speeding into the digital age before Covid-19. However, the pandemic has supercharged the process prompting financial services companies to improve engagement with their customers across all digital channels. The reason - consumers are increasingly worried about visiting high street branches in the current climate and recognis...
07 August 2020 /regulation /identity
Jonathan Jensen Regulatory Policy Advisor at GBG
The challenge faced by every financial provider, including fintechs, is how to onboard customers as smoothly as possible. But what does best practice look like? In my experience, signing up for a new account can be an exercise in friction and frustration, not least because identity verification has been poorly implemented as an afterthought. A dig...
29 July 2020 /payments /identity
Paul Shumsky Technology Advisor at Entrepreneur
KYC and AML complicance can be considered as the most costly policies to implement and maintain. Furthermore, it is one of the factors holding back the financial innovation as early-stage startups have to deal with complicated processes, hire compliance teams and pay huge amounts to KYC data providers. And while many digital banking platforms alr...
23 June 2020 /security /regulation
René Hendrikse Vice President & Managing Director, EMEA & LATAM at Mitek
From social media scams to fake government texts, phishing links in business emails and false phone calls, fraud has risen sharply since the start of the COVID-19 pandemic. More than 2,500 scams had been reported to investigators in the UK by the start of April alone. The threat doesn’t show signs of slowing down either. By early May, more than 16...
23 June 2020 /identity /crime
Over the last few months, we have been presented with more e-commerce and online offerings than ever before. From online shopping to virtual gym classes, the pandemic has accelerated the move towards a fully digital world. Unfortunately, this growing digital presence leads to a rise in cyber-attacks, too, and more specifically, fraud. Even before ...
08 June 2020 /identity /crime
Philip Black Commercial Director at Nomidio
At the end of March, the Financial Conduct Authority (FCA) wrote a letter to firms outlining its response to Covid-19. Part of its outreach involved highlighting the flexibility already contained in its rules and guidelines to help organisations deal with an unprecedented demand on client identity verification. While the FCA said it expects firms ...
27 April 2020 /regulation /identity
Joris Lochy Product Manager at Intix | Co-founder at Capilever
In the current digital world, we are continuously digitally transacting with companies all over the world. Each transaction leaves a digital trace, allowing the company (in case of litigation) to prove you, as the user, have explicitly accepted the transaction. However, as you have probably noticed while surfing on the internet, confirming a trans...
24 February 2020 /security
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