All posts by Stefani Wendel
Know Your Customer (KYC) procedures are a requirement for banks and other financial institutions to collect and verify the identity of their customers. When...
Spoiler alert: Gen AI is everywhere, including the top of Experian’s list of fraud trends 2024. “The speed and complexity of fraud attacks due...
This article was updated on February 5, 2024. Identity management can refer to how a company creates, verifies, stores, and uses its customers’ digital...
This article was updated on January 24, 2024. Online identity verification has become a basic necessity for everyday life. Consumers today might even expect...
Meeting Know Your Customer (KYC) regulations and staying compliant is paramount to running your business with ensured confidence in who your customers are, the...
Sometimes logging into an account feels a bit like playing 20 questions. Security is vital for a positive customer experience, and engaging the right...
If you’re a manager at a business that lends to consumers or otherwise extends credit, you certainly are aware that 10-15% of your current...
This article was updated on November 9, 2023. Managing digital identities is a necessity, responsibility and privilege. When done right, digital identity management solutions...
For companies that regularly engage in financial transactions, having a customer identification program (CIP) is mandatory to comply with the regulations around identity verification...
Data-driven machine learning model development is a critical strategy for financial institutions to stay ahead of their competition, and according to IDC, remains a...
In today’s fast-paced financial landscape, financial institutions must stay ahead of the curve when it comes to account opening and onboarding. Digital account opening,...
Are you looking for ways to make your financial institution more secure without adding unnecessary friction to the customer experience? Automated identity verification is...
This article was updated on September 8, 2023. Prescreen, prequalification and preapproval. The terms sound similar, but lenders beware. These credit solutions are quite...
“Grandma, it’s me, Mike.” Imagine hearing the voice of a loved one (or what sounds like it) informing you they were arrested and in...
Money mule fraud is a type of financial scam in which criminals exploit individuals, known as money mules, to transfer stolen money or the...