by instnt | Jun 15, 2022 | Blog
We are all familiar with traditional paper-based national identification mechanisms like driver’s licenses, passports and social security numbers that have, admittedly, modernized. But as we increasingly move from face-to-face transactions to online technologies,...
by instnt | Jun 7, 2022 | Blog
When the internet was first built, it seemed that no one really thought about the need to establish a robust system of digital identity. There was no standard mechanisms defined for digital identity verification, so people built their own. Most people had physical...
by instnt | May 31, 2022 | Blog
False rejections can generate real frustration during customer onboarding. Your false rejection rate is effectively the percentage of instances in which potential or existing customers are incorrectly rejected. According to Thomson Reuters, 89% of clients go through...
by instnt | May 24, 2022 | Blog
The lending industry is increasingly turning to digital. If you don’t have a digital app or your technology is lagging, you’re missing out. Younger generations are a large part of the borrowing pool, also. As consumers reach the age where their credit scores increase...
by instnt | May 17, 2022 | Blog
As a new method of payment appearing next to an item’s price on a product page or at checkout, Buy Now, Pay Later (BNPL) is a growing category among payment options, especially online. It is a type of installment plan that typically lets consumers put down 25% of the...
