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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 onl...
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...
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...
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 bu...
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 in...
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 h...
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 activi...
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 ro...
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. T...
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 th...
In recent years, anti-money laundering (AML) has become an increasingly sophisticated criminal activity. It’s estimated that between 2% and 5% of global GDP is laundered each year, and identity theft ...
Portability is a key capability for fintech’s in future, as it enables the customer to switch over / transfer his account, from one Financial provider to another. This can be for various reasons, like...