Checkr has expanded its verification platform by acquiring Truv, a provider of consumer-permissioned income, employment and asset verification, Checkr said in a Tuesday (Aug. 18) press release emailed to PYMNTS. The acquisition builds on Checkr’s expansion of its offerings over the last year to include...
Watch more: Verified Once, Trade Everywhere: Turning KYC Into a Growth Engine Identity verification has a peculiar economics problem: The controls designed to keep the wrong customer out can also keep the right customer from getting in. That tradeoff is becoming harder to treat as...
Dead people don’t spend much, but the federal government nearly sent them tens of millions of dollars anyway. The U.S. Treasury Department said Tuesday (July 21) that its government-wide verification process found more than 4,900 payments worth roughly $99 million associated with deceased payees. The...
ID verification firm Trulioo has debuted an AI agent to resolve beneficial ownership questions. The company’s UBO Discovery Agent, announced Thursday (July 23), is part of Trulioo’s larger UBO Discovery capability, which is itself housed with its business risk and know your business (KYB) verification workflow. “AI is reshaping fraud,...
England’s new prime minister has reportedly cancelled his predecessor’s plans for a national digital ID. Andy Burnham confirmed for Techcrunch Tuesday (July 21) that the government would scrap the widely-criticized proposal for a digital identity card program, announced last year by former Prime Minister Keir...
Digital revenue has turned identity verification from a back-office control into a front-door growth issue for financial services firms. The PYMNTS Intelligence report “When ‘Good Enough’ Isn’t Enough: Digital Identity Verification in the Age of Bots and Agents,” a collaboration with Trulioo, found that 76%...
Google has formed a digital identity partnership with Polish ID-verification startup Authologic. “Google Wallet already lets users store verified identity credentials issued by governments, banks, or Google itself on their phones,” Authologic wrote on its blog Wednesday (July 1). “Using our OmniID platform, businesses can now...
Compliance executives have traditionally evaluated identity programs by asking whether they satisfied regulators and prevented fraud. But PYMNTS Intelligence research, done in collaboration with Trulioo, indicates that the way companies organize know your customer (KYC), know your business (KYB) and emerging know your agent (KYA) functions...
Digital identity verification has long been measured primarily by one standard: how effectively it stops fraud. But new data suggests many organizations may be focusing on the wrong side of the ledger. A PYMNTS Intelligence report in collaboration with Trulioo, “Built or Bought: How KYC/KYB...