Identity

25 Jul 24 @ 10:13

2024 data from Merchantsavvy projects[1] that fraud related to payment cards will rise by 21.5% to hit $43.47 billion by 2028 as new forms of fraud such as Synthetic ID,... read more

19 Jul 24 @ 10:00

As deepfaking and synthetic ID skyrocket, we ask if digital ID is as secure as claimed – and what else might provide transaction security if digital ID ends up being... read more

18 Jul 24 @ 10:09

That there is a raft of new regulation on authentication and identity management coming is not in question, but what about the impact and how banks, financial services providers and... read more

12 Jul 24 @ 13:19

Research published in January 2023 by The Financial Brand says[1] that one in four clients drop out of onboarding for banking, financial services or insurance (BFSI) services, citing the need... read more

09 Jul 24 @ 13:34

In today’s highly competitive financial landscape, customer onboarding has become a critical touchpoint that can significantly impact long-term customer satisfaction and loyalty. According to the report “Digital Onboarding: A Benchmarking... read more

13 Jun 24 @ 12:44

According to new LexisNexis Risk Solutions data, there are almost 3 million synthetic identities, known as Frankenstein identities, in circulation in the UK, preparing to strike. Synthetic identities exploit stolen... read more

23 Apr 24 @ 15:19

Synthetic identity fraud is most commonly associated with fraud in banking or against credit unions but is often mistakenly overlooked in digital commerce. With fraudsters becoming more clever about how... read more

12 Mar 24 @ 13:40

Analysis of the UK’s largest database of syndicated risk intelligence shows ID fraud is the top fraud type reported by banks and other financial service providers, accounting for 45% of... read more

05 Feb 24 @ 17:49

Last week represented what could be a turning point in peoples trust in ID verification tools across the internet. A finance worker at a multinational firm was tricked into paying... read more

30 Jan 24 @ 19:31

Name, date of birth, address, email address, passwords, tax records, or payroll – all this sensitive user data is stored by companies in huge databases to identify individuals for digital... read more

05 Jan 24 @ 13:14

A new report from European payments solutions experts Nets sets out the factors financial institutions should consider when implementing a digital ID solution. A previous blog reviewed the trends that... read more

05 Dec 23 @ 18:10

Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes. Nearly two-thirds (63%) of respondents in a... read more