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In the past several years, consumers have been asked to enable SMS-based authentication on various platforms like bank accounts, mobile wireless providers, medical portals, and social media accounts, among others, to combat security threats. This two-factor...
With consumers’ increasing mobile technology usage, the rapid growth of ecommerce and online shopping has dramatically changed the retail industry. There has a been a surge in ecommerce activities greatly influenced by the COVID-19 pandemic. Brick and mortar stores...
Nimble financial technology (fintech) lenders have outpaced traditional banks and credit unions in offering digital loan applications that can be submitted by consumers with a few entries on a mobile phone. A recent ABA State of Digital Lending study found that “the...
Various enterprises have adopted digital onboarding processes to streamline operations and keep up with the changing landscape of industry practices, technology, and consumer preferences. Remote onboarding harnesses digital platforms so organizations can cater to a...
Identity assurance is vital for financial institutions as well as other businesses to determine if they are transacting with legitimate customers and part of due diligence for regulatory compliance. Fraud, identity theft, and money laundering, among other crimes,...
While the shift to a digital world has impacted many industries, the healthcare sector has often lagged behind in that transformation. This is now changing. The current pandemic has triggered a rapid expansion of telemedicine services, and an increased reliance on...
Passwords have long been the most used authentication key across digital platforms, including bank accounts, healthcare portals, education portals, and social media sites. This singular credential, however, cannot verify if the person accessing the network is the...
Jumio was an early mover with online identity verification services. With a mobile device and a selfie, their system can check the person's facial similarity to the ID's photo, and certify active liveness to ensure the person is present in real-time. Jumio leverages...
Every enterprise and their customer support agents need to ensure they are interacting with the rightful account owner. Conventional authentication methods often provide weak security and can cause significant customer inconvenience and dissatisfaction. With a...
Performing payments, money transfers, and other financial transactions have become more convenient through mobile devices from both banking providers and other fin-tech companies. With this increased use of digital banking, mobile money apps, and money transfer...
Most people utilize social media for easier access to communication, information, entertainment, and e-commerce. A 2020 report from We Are Social, in partnership with Hootsuite, showed that more than 3.8 billion people are already using social media, with about 60% of...
A financial services firm’s ability to manage their clients’ funds and personal information is anchored by their integrity. They must keep up with industry trends, regulation compliance, and technological innovation to ensure they are employing the necessary security...
Before today, most of your workforce came to your place of business, and perhaps only a few of your workers were authorized for discrete WFH days. Suddenly in the space of just a few days, most if not all your employees are working from home as an imperative to...
For companies competing in today’s borderless and digital world the protection of sensitive systems as well as the confidential data of your customers is critical. When it comes to protecting these assets, the phrase identity as a service (IDaaS) comes up frequently....
The integrity of the business and financial sectors depends on their ability to attract and manage legitimate funds and transactions from legitimate customers. Companies are able to attract and retain the business of legitimate customers because of the quality and...
Onfido’s mission is to provide a new standard of identity online by helping enterprises digitally identify people. Their identity verification solution matches a government-issued ID to a person’s facial biometrics to assist enterprises in onboarding customers and...
