Remove Knowledge Base Remove Online Remove Regulation Remove Technology
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Enforcing AML/KYC Compliance When Legal Precedent Does Not Apply

PYMNTS

This is fueling a wave of interest and need for digital alternatives, many of which leverage biometric technology. The technology itself is not new — many consumers already use biometric authentication in their daily lives, with 80 percent of consumers using their fingerprints to unlock their smartphones, for example. Pennsylvania Gov.

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Small Business Banking Tests The Digital Identity Waters

PYMNTS

Rising Know Your Customer and other risk mitigation regulations have the financial services world eyeing digital identity technology. Already seeping into the consumer services world, digital identity technology is expected to hit a $12.8 billion valuation by 2024, according to the latest PYMNTS Digital Identity Tracker.

Strategy 124
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IdentityMind On The Need For FinTech Compliance Marketplaces

PYMNTS

The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. Compliance and risk? The top of any FinTech’s to-do — and to-keep-doing — list.

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Why Strong Digital Identity Verification Is Key To Meeting AML Requirements

PYMNTS

As banks and payments companies endeavor to meet anti-money laundering (AML) regulations to avoid hefty fines for non-compliance, easily identifying customers in the digital channel becomes paramount to their success. Some “old school” methods that worked in the past aren’t working anymore. In the U.S. Getting Implementation Right.

Meeting 111
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Navigating ID Verification For Business Credit

PYMNTS

Nav was founded in 2012 as Creditera, an online credit-monitoring service that helped small business owners track their personal and business credit information on one platform. government has strict standards regarding credit check regulations, and Nav’s investor and partner Experian sets its own expectations. How Nav Works.

Tools 101
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Jumio CTO Paints A Portrait Of ‘IDV Nirvana’

PYMNTS

Like the dog in the cartoon, fraudsters use the same technologies as regular people when moving about in the virtual sphere. For instance, knowledge-based authentication is well-understood by users – but the answers to security questions can be socially engineered without too much trouble just by visiting victims’ social profiles.

Fraud 129
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Wake up: Your bank is not efficient

Gonzobanker

As banking becomes a more commoditized business where knowledge is the only true differentiator, high performing institutions will likely have fewer well-paid employees who leverage the heck out of technology, analytics and process automation. Want to strip back the onion?