Jumio - Digital Identity - March 2022 - Dig deeper into how banks can use digital identity solutions to comply with anti-money laundering regulations

Digital Identity

FIs Use Digital Identity to Curb Money Laundering and Comply With Government Rules

FIs with insufficient digital identity protocols risk being hit with a one-two punch from debilitating money laundering schemes as well as stiff government agency penalties that go with them. In the Digital Identity Tracker, a PYMNTS and Jumio collaboration, OneAZ Credit Union’s Margaret Chamberlain explains how analytics-based authentication and document verification software keeps FIs on the right side of the law and one step ahead of the fraudsters.

Inside the March Tracker

  • An interview with Margaret Chamberlain, vice president of risk management at OneAZ Credit Union, about why ironclad digital identity protocols are imperative to keep CUs compliant with AML regulations 
  • Recent digital identity headlines, including a new California bill aimed at protecting biometric data and why 72% of banking customers believe their FIs do enough to keep their money safe
  • PYMNTS Intelligence examining various money laundering methods and how digital identity technologies can keep them at bay

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