5 Immediate Business Needs That Portable KYC Solves

5 Immediate Business Needs That Portable KYC Solves

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?...
Why Institutions Should Prioritize Continuous Identity Assurance

Why Institutions Should Prioritize Continuous Identity Assurance

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...
The Costs of Your Outdated Customer Onboarding Blueprint

The Costs of Your Outdated Customer Onboarding Blueprint

The march toward digital customer acceptance was well underway long before COVID forced banks to shutter branches and severely limit face-to-face interactions. With customer onboarding becoming a crucial part of this process, banks and financial institutions found...
5 Insights for Banks and Fintech in 2023

5 Insights for Banks and Fintech in 2023

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...
4 Key Fraud Risk Management Insights for 2023

4 Key Fraud Risk Management Insights for 2023

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,...