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 the global gross domestic product (GDP) is laundered each year, a total of $2 trillion, and half of all money...
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, OneAZ Credit Union’s Margaret Chamberlain explains how analytics-based authentication and document...
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 (AML). This crime has ballooned in recent years as eCommerce and other digital transactions have become more popular, offering launderers...
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 Twitch, eSports, casinos, and cryptocurrency to the gaming world. That dramatic growth has not gone unnoticed by digital thieves who...
March 23, 2022
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 (AML). This crime has ballooned in recent years as eCommerce and other digital transactions have become more popular, offering launderers new avenues for processing their ill-gotten gains. Experts estimate that […]
January 19, 2022
More businesses than ever are using biometrics to make sure that people accessing services and making transactions are who they say they are. But as Jumio Chief of Digital Identity...
December 20, 2021
With the emergence of the new omicron variant of COVID-19 leading to yet more panic across the globe, it’s clear the world will not be returning to normalcy anytime soon....
December 13, 2021
With the rapid rise of food delivery services has come the concurrent rise of food delivery fraud. In fact, as noted in the October Digital Identity Tracker, a PYMNTS and...
March 31, 2022
The European Union has passed several laws aimed at providing digital identity protection, among them the General Data Protection Regulation (GDPR), which went into effect in 2018. Among the biggest violators of these protocols? American websites. According to one study, 67% of the top 1,000 websites in the United States were in violation of the […]
March 18, 2022
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 Twitch, eSports, casinos, and cryptocurrency...
January 31, 2022
COVID brought with it many changes, including the rapid, widespread digital transformation in the healthcare space, a switch characterized by telemedicine becoming the norm for everyday medical appointments. A recent...
December 07, 2021
Artificial intelligence (AI) identity verification startup Jumio is acquiring global KYC (know your customer) and fraud prevention firm 4Stop, its current strategic partner, for undisclosed terms, according to a press...
