digital identity

A digital identity is information on an entity used by computer systems to represent an external agent. That agent may be a person, organization, application, or device. ISO/IEC 24760-1 defines identity as "set of attributes related to an entity".

(source: en.wikipedia.org)

FinCEN Data Shows Increase in Identity-Related Filings, Stressing Importance of KYC Programs
FinCEN Data Shows Increase in Identity-Related Filings, Stressing Importance of KYC Programs
March 30, 2022  |  Security & Fraud

The Financial Crimes Enforcement Network (FinCEN) published Monday (March 28) its Suspicious Activity Report (SAR) data for 2021. The report contains data by industry, state...

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Why Identity Verification and Fraud Protection Are Key to Alternative Payments’ Growth
Why Identity Verification and Fraud Protection Are Key to Alternative Payments’ Growth
March 28, 2022  |  Authentication

Buy now, pay later (BNPL) options are becoming increasingly attractive to consumers, but that growing popularity is also making them a more enticing target for...

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PYMNTS Intelligence: How Digital Identity Can Reduce Money Laundering and Improve AML Compliance
PYMNTS Intelligence: How Digital Identity Can Reduce Money Laundering and Improve AML Compliance
March 25, 2022  |  Authentication

Money laundering is a perpetual challenge for banks, payments providers and the oversight agencies assigned to monitor them. Experts estimate that up to 5% of...

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Czech Security Firm Avast to Acquire Digital ID Company SecureKey 
Czech Security Firm Avast to Acquire Digital ID Company SecureKey 
March 24, 2022  |  Digital Onboarding

Global digital security and privacy firm Avast is planning to acquire digital identity and authentication company SecureKey Technologies for undisclosed terms, according to a press...

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Tools Like Digital ID and Oracles Bring KYC Controls to DeFi
Tools Like Digital ID and Oracles Bring KYC Controls to DeFi
March 24, 2022  |  Digital Identity

Even without the urgency of cryptocurrency-enabled Russian sanctions violations, bringing know your customer (KYC) identity verification to decentralized finance (DeFi) was always a matter of...

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OneAZ Credit Union on Leveraging Digital Identity to Ensure AML Compliance
OneAZ Credit Union on Leveraging Digital Identity to Ensure AML Compliance
March 24, 2022  |  Authentication

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...

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FIs Use Digital Identity to Curb Money Laundering and Comply With Gov’t Rules
FIs Use Digital Identity to Curb Money Laundering and Comply With Gov’t Rules
March 23, 2022  |  Authentication

Digital identities are becoming more prevalent as awareness of their security and convenience grows, and they are expanding into new use cases like anti-money laundering...

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Biometrics for ID Called More Useful by 58% of Digital Account Holders
Biometrics for ID Called More Useful by 58% of Digital Account Holders
March 18, 2022  |  Digital Identity

Online gaming has experienced explosive growth buoyed in part by the global pandemic as well as by technological advances and changes in laws that introduced...

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PYMNTS Intelligence: How Biometrics, 2FA Can Help Game Developers Win The Digital Identity Game
PYMNTS Intelligence: How Biometrics, 2FA Can Help Game Developers Win The Digital Identity Game
March 15, 2022  |  Authentication

The digital gaming industry was valued at $300 billion globally last April, with more than 500 million new players logging on over three years. Game...

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