by instnt | Aug 2, 2022 | Blog
Do you really know your customers? Effectively, this is the heart of the enhanced due diligence process. When know your customer (KYC) and anti-money-laundering (AML) regulations were enacted, they set out to answer those questions. However, the non-uniformity of...
by instnt | Jul 29, 2022 | Blog
The customer relationship with a neobank starts with a great onboarding experience. Get it right and customers are pumped and primed to access even more products and services. They may even tell a few friends how easy and convenient it was. Get it wrong? There’s...
by instnt | Jul 26, 2022 | Blog
Who are you? And how do you prove it? Before the digital acceleration of the internet, it was fairly straightforward: At a bank, for example, you would present two pieces of government-issued identification and perhaps a secondary piece of ID, like a credit card or...
by instnt | Jul 5, 2022 | Blog
Identity theft is on the rise, and recent statistics show that many of these cases involve financial institutions. Fraud perpetrated by identity thieves is costly to organizations, consumers and regulatory agencies. A pattern of fraud, and a failure to guard against...
by instnt | Jun 28, 2022 | Blog
Knowledge-based authentication is the mainstay backup for banking and business passwords. Its security is closely linked to the uniqueness of knowledge-based authentication (KBA) answers. The more secret your answers, the more secure your account should be....
