AML/KYC conventions that rely on paper documents and face-to-face meetings in offices are so last year. In fact, their time may have passed, it seems, as the touchless revolution takes over and remote onboarding becomes routine. But wait? Wasn’t all that “getting to know you”...
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House hunters have been able to virtually tour prospective properties for years, but ID verification mandates in different states still often required in-person real estate closings. However, that all changed as the COVID-19 crisis forced many states to rethink their notary laws, says James Schlimmer,...
Cybercrime is surging during the COVID-19 pandemic as fraudsters seize on increased online activity to steal consumers’ sensitive personal details. As much as 22 percent of consumers have now been targeted by COVID-19 digital fraud scams, driving a mounting need for new ways to mitigate...
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Estate planning has historically meant knocking on an attorney’s door and filling out paperwork. Laws requiring consumers to have in-person meetings and submit physical ID documents have kept this antiquated system intact even as lawyers adopt software to manage their cases. But in our latest...
The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC) since the beginning of the year. The trouble is that the restrictions put into place to help slow the pandemic’s...
Biometrics have vastly improved fraud detection and prevention. For a post-coronavirus world the technology holds immense promise for certifying identities securely — and at a distance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
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