PYMNTS

OCTOBER 7, 2020

Businesses and financial institutions (FIs) are following suit, reordering their products and services for a new digital normal — but unfortunately, fraudsters are tagging along. The PYMNTS Digital Consumer Onboarding Tracker® , a partnership with Melissa , examines the latest KYC, digital onboarding and online verification news and trends.

Securities 89

Securities Banking Leverage Technology 89

PYMNTS

JANUARY 19, 2017

The latest is global consulting firm McKinsey, whose new report has put a price tag on the potential of blockchain: $110 billion. Identify fraud and compliance management, like KYC and AML, are also high-value propositions for the tool.

Treasury 79

Treasury B2B Education Technology 79

PYMNTS

APRIL 1, 2019

The price tag is enormous, as estimated by SentiLink and some of its partners, reaching as much as $2 billion annually — and that’s just for banks. Flavors Of Fraud. Drilling down on the details, Harris maintained that there are two types of synthetic fraud.

Construction 73

Construction Numbers Concentration Securities 73

PYMNTS

AUGUST 14, 2018

Gafke noted that “the assumption that companies understand regulation well is not true” – certainly not all do, especially in a world where KYC and compliance are intricately interconnected. This type of analysis should take place in a context where the fines are becoming more frequent, more varied and with higher price tags.

Compliance 40

Compliance Auditing Risk Analysis Prioritization 40

PYMNTS

MAY 15, 2018

Data tagging is how ground truth is established. Some other factors to consider on the way to IDV nirvana: ID version support; expired IDs; KYC, AML and GDPR compliance; barcode and MRZ scanning; omnichannel support; blur, glare and black-and-white detection; and document verification.

Auditing 51

Auditing Compliance Securities eCommerce 51