Source: en.wikipedia.org
Maybe it’s a favorite band, plus a few random numbers. Or a first-grade teacher in front of a few symbols. Whatever the method, the average...
Identity verification provider Acuant has partnered with blockchain software firm Scalable Solutions to create a platform that provides anti-money laundering (AML) and know your customer...
The pandemic has driven more consumers to seek the safety and convenience of online banking, yet new data has revealed that banks in Canada and...
Many banks are still tackling key onboarding tasks in person — even though today’s digital-minded consumers find cumbersome, manual account sign-ups unacceptable. But smart identification...
Digital identity solutions and biometric technologies hold much promise when it comes to helping financial institutions (FIs) streamline their customer verification methods, but one survey...
Decentralized finance (DeFi) is currently one of the most dynamic trends in the financial space, with more than 5,000 different cryptocurrencies in circulation as of...
The need to stay compliant while respecting user privacy concerns has forced cryptocurrency exchanges to rethink their approach to KYC. In this month’s AML/KYC Tracker,...
More than $300 billion in illicit funds are laundered each year in the United States, with criminals processing their profits to conceal their source and...
Fraudsters follow the money. Take, for example, the Super Bowl. About half of all Americans were expected to place some kind of wager on the...