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Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding

PYMNTS

Know your customer (KYC) policies were introduced with the Patriot Act in 2001 following 9/11, intended to help stem the flow of funding to terrorists. Online account openings increased by as much as 15 percent when social distancing mandates were implemented. One study revealed that 73 percent of U.S.

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Warehouse Space Going For Premium Rates

PYMNTS

Brick-and-mortar merchants are far from being free from the problems that plague their particular brand of retail, but even they have to look at online retail rising rents for warehouse space with a little bit of mirth. percent — the lowest such figure since 2001. According to a new report from CBRE, things are about to get even worse.

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Holiday Sales Expected To Rebound, Health And Beauty Topping List

PYMNTS

The study used data points for 50 major retailers collected on a weekly basis and have been refined since 2001. Of course, online and direct-to-consumer sales have a sturdy churning pace of almost 14 percent, pumping up that type of holiday spending to 17 percent of total holiday spending.

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Banks Turn To 3D Secure 2.0 To Fight Fraud

PYMNTS

Both solutions provide increased fraud protection to online transactions made via debit or credit cards. 3DS was initially introduced in 2001, and has continued to evolve over the past 17 years. Some critics note that increased customer convenience will likely lead to growth in the number of online transactions.

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WeWork’s crazy valuation

CB Insights

We used our patent search engine to dive into the research efforts of 4 companies studying teleoperation concepts. Price/Earnings and Price/Sales are sooooo 2001. Drug company Synlogic is currently studying the safety of a drug made from gene-modified E. Zee Business. I love you.

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Has Unbundling Lost Its Cool?

PYMNTS

Digital music has been unbundled since the iPod and iTunes got a head of steam in 2001. All of the things that stores and malls used to aggregate are available at one of literally thousands of places online, where they can be bought and shipped home, one product at a time, when and wherever the consumer’s impulse to purchase strikes.

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17 Of The Biggest Startup Frauds Of All Time

CB Insights

Pixelon: Online video vaporware. Rishi Shah and Shradha Agarwal founded healthcare information startup Outcome Health in 2006 while the pair were still studying at Illinois’ Northwestern University. Founded by Renaud Laplanche in 2006, LendingClub quickly became one of the largest online lenders in the US. The Outcome.

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