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Report: Digital ID and Video-Based KYC Help Lenders Onboard SMBs

PYMNTS

Many of these processes had begun to shift to digital channels within the past several years, however, and the health crisis has caused the online shift to pick up steam at an incredible pace. Video-based know your customer (KYC) processes are particularly promising in this regard. Around The Digital Identity Landscape .

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Video-Based KYC Fixes Its Gaze On Fraudsters

PYMNTS

“Invisible” is the operative word here, as the tsunami of remote onboarding triggered by COVID lockdowns has given fraudsters yet more cover to add to their anonymity. Battling remote onboarding fakery may be the face of this initiative, but video-based KYC as part of a robust identity verification strategy covers a good deal more than that.

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Deep Dive: How Banks Use Digital Technologies To Outlast The Coronavirus

PYMNTS

Some have added support for in-branch digital technologies such as video banking screens and upgraded ATMs to minimize in-person contact while making sure customers’ needs are met, for example. Shifting In-Branch Operations. Digital Technologies Under COVID-19. British FI Nationwide U.K. British FI Nationwide U.K.

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From Online Ordering To Cupcake ATMs: How Sprinkles Prepared For The Pandemic

PYMNTS

Quick-service restaurants (QSRs) that were behind the curve on digital technologies have quickly pivoted to enable touchless payments and delivery. Sprinkles , a Beverly Hills, California-based confectioner, was as prepared as a QSR could possibly be for the rush to online ordering, payments, pickup and delivery.

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Crealogix Picks Up Koemei’s AI Technology

Bank Innovation

Swiss software company, Crealogix is acquiring the artificial intelligence (AI) technology of Koemei for an undisclosed amount.

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Jumio: Why Online Love Doesn’t Have To Attract Fraudsters

PYMNTS

Right now, though, we are talking about fraud, and how criminals use online data sites to steal from consumers in search of romance or, at least, some temporary companionship. Global fraud related to online dating scams costs “several billion dollars a year,” Hochrieser said, “and it’s growing every year.”. Online Dating Scope.

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Video Banking Soon to Enter Homes in the U.K.

Bank Innovation

Video banking — customers talking via video feed to bankers who may be far away — is already a big thing in branches in Britain, and it’s about to get bigger. It will soon to be tested for users at … home. Nationwide Building Society, a member-owned financial institution with around Read More.

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