by instnt | Apr 11, 2023 | Blog
Know Your Customer or KYC is a regulatory requirement that delivers trust between a financial institution and its customer. Without KYC, a bank’s assets would be at risk — including those of its good customers. How Does KYC Solve Pressing Business Needs?...
by instnt | Apr 4, 2023 | Blog
Cyber risks make up an unprecedented global phenomenon expecting to cost the world 10.5 trillion annually by 2025. Businesses, utilities, financial services and governments are highly susceptible to cybercriminal threats because so much data is available everywhere....
by instnt | Mar 28, 2023 | Blog
With fraud levels at an all-time high—costing U.S. financial services firms $4.23 for every $1 lost to fraud—banks need the strongest solutions to verify that customers are indeed who they say they are. With the current economic slowdown, identity verification will...
by instnt | Mar 14, 2023 | Blog
The march toward digital customer acceptance was well underway long before COVID forced banks to shutter branches and severely limit face-to-face interactions. Thanks largely to the shift in customer demographics to favor digital-native Millennials and GenZ, banks and...
by instnt | Mar 7, 2023 | Blog
As we move into 2023 during a volatile economic time, is important to look at ways that give consumers opportunities to optimize their finance. Open finance has much to offer to both consumers and their service providers. With data sharing dwelling at the core of open...
by instnt | Feb 28, 2023 | Blog
In 2023, fraud risk management for financial institutions is more essential than ever before. Based on claims by Juniper Research, fraud loss will increase up to $48 billion in 2023, up from the $22 billion losses projected only five years earlier. Just as in 2022,...
