216 Results from /identity
Alex Kreger Founder & CEO at UXDA
Leading tech companies embed their competitive edge in digital products, setting the stage for success from the start. However, traditional financial firms face a challenge here, especially when adopting white-label digital solutions. Aligning them with their unique business essence and customer needs is tough. In finance, digital transformation i...
17 October 2023 /retail /identity Banking Strategy, Digital and Transformation
Barley Laing UK Managing Director at Melissa
Finextra recently reported that many of those in financial services were found wanting with their sanctions screening efforts by the Financial Conduct Authority (FCA). After a survey of sanctions controls at 90 firms the FCA uncovered deficiencies across staffing, technology and reporting networks, leading to a lack of adequate resources to ensure...
16 October 2023 /regulation /identity Digital Identity Management
Clare Rowley Head of Business Operations at Global Legal Entity Identifier Foundation (GLEIF)
Addresses are foundational to the global economy. As noted by the Universal Postal Union, "addresses form an important part of the basic information needed to ensure communication (both digital and physical) between individuals, governments, and organizations." Given the fundamental role in enabling legitimate access to global commerce, i...
28 September 2023 /identity /crime
Fraud, whether by an individual or a business, is on the increase. This is largely due to many banking services being accessible online – a convenience that comes with some risk. To help prevent fraud, as well as to ensure compliance with existing know your customer (KYC) and Anti-Money Laundering (AML) regulations; know your business (KYB) and KYC...
26 September 2023 /regulation /identity Digital Identity Management
Money laundering and terrorist financing create significant systemic risks in the global financial system. The intricate webs spun by fraudsters and criminals to evade detection crisscross national borders and legal jurisdictions, commonly exploiting multiple financial institutions and legal entities. In today's instant digital economy, this is ex...
08 September 2023 /identity /crime Digital Identity Management
Ivan Heard Global Head of Fraud Solutions at Quantexa
If you want to understand why something has gone wrong in a financial organization, the best person to start with is most typically the Chief Risk Officer (CRO). A CRO plays a critical role as an organization’s guardian angel to foster and prioritise a risk-aware culture that promotes resilience and adaptability alongside safeguarding long-term bus...
08 August 2023 /regulation /identity Fintech
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Our sacred trust infrastructure mission the incoming autumn will be to: 1. Make it crystal clear to all organisations (especially the in the public and SMEsectors) and most citizens how immensely services at home and at work, productivity, risk management, privacy and the EU single market can be enhanced when all parties (and many things) will ge...
07 August 2023 /inclusion /identity Innovation in Financial Services
Liudas Kanapienis CEO at Ondato
Besides the technical challenges they face protecting their customers from digital risks, telcos also have a big job on their hands when it comes to maintaining regulatory compliance.l AML (Anti-Money Laundering) and KYC/KYB (Know Your Customer/Know Your Business) regulations are having a significant impact on telcos across various jurisdictions. ...
07 August 2023 /regulation /identity Biometrics
Hrefna Sigfinnsdottir CEO Creditinfo Iceland at Creditinfo Group
KYC – Know Your Customer – is about understanding who your customer is and if they are who they claim to be. However, as simple as this sounds, the process and information required to reach that judgement can be complex. Traditionally, KYC has been an indispensable tool for the credit and lending industry, helping lenders perform risk assessment on...
31 July 2023 /identity /crime Banking and Lending Solutions
Nick Mothershaw Chief Identity Strategist at Open Identity Exchange (OIX)
Our research last year revealed that at least six million people in the UK are ‘ID Challenged’. This means that they struggle to prove who they are in order to access the products and services they are entitled to – in both the private and public sectors. Digital ID is rapidly being rolled out by all sectors as the primary way to access those serv...
27 July 2023 /inclusion /identity Digital Identity Management
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