42 Results from 2021, /identity
Robert Prigge CEO at Jumio
According to UK Finance, there was an 84% surge in “impersonation scams” at the start of the pandemic as fraudsters looked for ways to capitalise on COVID-19. With our financial lives now heavily online, accelerated by the pandemic and 100 bank branches shutting every month across the UK, financial organisations are under increased pressure to ke...
21 December 2021 /regulation /identity Information Security
Retired Member
The holiday shopping season is in full swing. Online sales are forecast to hit over £32 billion from mid-November to the end of December 2021. However, it’s not all glad tidings; more online shopping equals more sharing of online credentials and greater cyber risk. And this risk is prolific - hackers stole £754 million in the first six months of ...
14 December 2021 /security /identity Banking Strategy, Digital and Transformation
Barley Laing UK Managing Director at Melissa
Address verification is often viewed simply as a practice that improves the accuracy of direct mail. However, it offers much more than that to the financial services industry that’s facing a number of challenges in 2022. Improve the customer experience and reduce cost with communications The financial services industry is a major user of direct mai...
14 December 2021 /regulation /identity Digital Identity Management
Ron Benegbi Founder & CEO at Uplinq Financial Technologies
One of the most exciting events in an entrepreneur’s journey towards building a successful business is the very first one that occurs. That moment – sitting in a downtown coffee shop, standing at a bus stop, reading the Sunday paper when, out of nowhere, it hits… “I have an idea”. Ideas are seeds that materialize in the mind, and they tend to form...
06 December 2021 /people /identity Small Business Lending Innovation
Stephan Wolf Advisory Board Member at The Open Working Group
LSEG (London Stock Exchange Group), Zimbabwe’s NMB Bank Limited, GLEIF, Cenfri and Cornerstone Advisory Plus recently collaborated to launch the first iteration of GLEIF’s digital business identity initiative in Africa. This has been a success for all involved, making it a model showcase for how small and medium-sized enterprises (SMEs) across the...
17 November 2021 /inclusion /identity Financial Inclusion
The recent release of the Pandora Papers has shone a light on the sometimes unethical or corrupt practises of the politically connected and the super-rich. For those in financial services the Papers highlight the importance of having access to politically exposed persons (PEPs) data as part of their anti-money laundering (AML) checks. In the UK, ba...
10 November 2021 /regulation /identity Banking Regulations
It is convenient and much more efficient for people to conduct financial business on the web. On the flip side, the growth in online transactions has led to a substantial increase in fraudulent activity, which has governments and regulators around the world concerned. Research undertaken by TransUnion recently found that fraud in financial service...
20 October 2021 /identity /crime Banking Regulations
The Consumer Data Right, first introduced by the Australian Government in 2017, seeks to promote innovation and competition by giving “consumers greater access to and control over their data”. The roll out, which is being implemented in stages, began with the banking sector in July 2019 with the requirement for Australia’s four major banks to make...
14 October 2021 /startups /identity Open Banking
Kartik Swaminathan Author - 3F: Future Fintech Framework & Founder at Fintastech (Fintech Consulting & Coaching)
A Centralised & Digitised Know your Customer ecosystem is quite beneficial in the new age digital economy. It helps quickly onboard customers and avoids duplicates w.r.t submission of documents. That is not all, it helps reduce acquisition costs and improves compliance. In the long term, it also helps in making KYC truly effective and rationali...
05 October 2021 /regulation /identity Digital Identity Management
Guillaume Forget Executive Vice President at Cryptomathic GmbH
On 21st September, the Swiss-based train manufacturer, Stadler, announced that it lost a €3bn contract with the Austrian Federal Railways ÖBB due to a legally impermissible electronic signature on the purchase agreement.[1] The consequences of such a failure are serious. The costs inherent to a multi-billion public tender are counted in millions a...
04 October 2021 /regulation /identity Digital Identity Management
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