234 Results from /identity
Stan Cowan
Risk-based credit pricing can be a great way to expand community-based financial institutions’ loan portfolios while providing the communities they serve with a way to repair credit and obtain needed funding without having to engage with predatory lenders. But it must be done carefully to ensure the financial institution is not unnecessarily expos...
01 December 2022 /identity /crime Financial Risk Management
Eduardo Castro Head of Identity and Fraud at Experian
It has been another busy year for fraudsters. With consumers seemingly targeted by an ever-increasing range of tricks and scams designed to part them from their money or personal information, the risk has never been greater. New insights from Experian show that identity theft has risen by more than a fifth (21%) over the course of 2022. The trend b...
29 November 2022 /security /identity
Philip Chethalan Marketing Manager at Subex
Employee Onboarding effectiveness defines whether your employee will be engaged or disengaged at work, depending on the impression created on them. Poorly managed onboarding can lead to abandonment, especially for youngsters. According to an SHRM article: 69% of employees stay longer with good onboarding A structured onboarding program will make 5...
25 November 2022 /people /identity Information Security
David Vilf Global Product Lead in Digital Identity at Onfido
Millions are spent annually on Know Your Customer (KYC) and anti-money laundering (AML) procedures as businesses strive to confirm identities and fight money laundering. The rise of online banking and payments has made due diligence increasingly complex to navigate - so what elements should you consider when building a robust and reliable eKYC sol...
24 November 2022 /regulation /identity RegTech
Simon Horswell Fraud Specialist Manager at Onfido
There’s no doubt that biometrics, such as fingerprint and facial biometrics, are taking customer experience into a new era. Today, different forms of biometrics are widely used to help businesses verify users for the purposes of both Know Your Customer (KYC), fraud detection and prevention. With identity fraud rocketing 44% since 2019, biometrics ...
21 November 2022 /security /identity Biometrics
Identity fraud is the unauthorised use of a person’s personal information by another person to commit a crime or deceive or defraud that person or a third party in order to take advantage of the pleasures that come with that synthetic identity. The majority of identity fraud is performed for financial gains, such as gaining access to a victim’s cre...
18 November 2022 /identity /crime Biometrics
In February 2021, the Reserve Bank of India published a paper detailing Digital Payment Security Controls (DPSC). The paper was developed to aid Indian financial organisations in protecting digital channels and offering commodities to clients with Identity Verification solutions. Global financial services corporations are caught between the govern...
04 November 2022 /identity /markets
Customized Machine Learning: The secret sauce of world-class risk stacks In today's world, the most successful companies work data-driven. The data science and machine learning (ML) advancements over the past ten years are truly remarkable. With breakthroughs in complex statistics and deep learning, companies have more tools and data today than ev...
28 October 2022 /identity /crime Artificial Intelligence and Financial Services
Barley Laing UK Managing Director at Melissa
The cost of living crisis, combined with an increase in digitalisation of services and remote working at a time of great volatility in the world, has created new motives and justification for fraud to flourish. In fact, the current turmoil has fed into the three elements of the fraud triangle: motivation, opportunity and rationalisation. As a resu...
26 October 2022 /regulation /identity Digital Identity Management
Frederic De Melker C-Suite Senior Executive, Advisor & Entrepreneur at UniversZ
What does customer centricity mean to financial services? "Customer-centricity" is a term that many organizations have adopted. While it is vague, it refers to many things that can profoundly impact how organizations interact with their customers. Unfortunately, most financial institutions do not have a strong customer focus, primarily d...
25 October 2022 /retail /identity Banking Strategy, Digital and Transformation
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