In the early days of digital commerce, identity verification was a front-door exercise. It represented a necessary, but narrow, checkpoint designed to confirm that a customer was who they claimed to be. But findings in “Identity at Scale: Where KYC/KYB Touchpoints Create (or Contain) Agent...
Watch more: Need to Know With Entersekt’s Schalk Nolte Banks are confronting a difficult reality: the one-time password, once treated as a reliable safeguard, is no longer sufficient to protect accounts in an environment shaped by automation and deception. Schalk Nolte, CEO of Entersekt, made...
India has reportedly abandoned plans to require smartphone makers to include the country’s biometric ID app on their devices. The move came in the face of opposition from companies such as Apple and Samsung, Reuters reported Friday (April 17). UIDAI (Unique Identity Authority of India),...
Agent-driven identity threats are becoming a defining challenge for enterprises as they scale revenue and expand across markets, increasing fraud risk and customer friction. “Scale Amplification: How Revenue Amplifies Agent-Driven Identity,” a collaboration between PYMNTS Intelligence and Trulioo, examines how digital identity challenges evolve as...
Verification once concentrated almost entirely on the moment an account was opened. That model, according to Zac Cohen, chief product officer at Trulioo, no longer reflects how risk unfolds across modern financial platforms. “What really changes over time is what breaks the verification when it’s...
For digital commerce and financial services, onboarding represents the first real test of trust between a platform and a customer. The process determines whether identity verification protects the ecosystem, including consumers, banks and merchants, while still allowing legitimate users to enter quickly and with confidence....
Identity is fast becoming one of the most valuable assets a business owns. Not brand identity or customer sentiment — but the digital identifiers that make transactions possible: merchant IDs (MIDs), payment tokens, processor vault records, device fingerprints and customer profiles. For many merchants, this...
Digital identity now runs through every part of the customer and partner journey, from logging in and making transactions to onboarding vendors and issuing loans. This shift is changing how companies manage risk. Instead of being contained within a single step, identity risk now spans...
In the early days of digital banking, identity fraud largely meant stolen credentials: a breached password, a compromised Social Security number or a copied credit card. But digital banking is no longer early innings, and the growing category of identity fraud firms are facing is...