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:Dribe Case Study: Accelerating the Customer Onboarding Workflow with Jumio

November 30, 2022

:Dribe is determined to revolutionize the way people drive. They believe that Denmark — one of the world’s best countries for adopting new technology — is ready to trade car ownership for a smarter approach to mobility and thus offers a fully digital car subscription service designed to give customers unmatched freedom, convenience and peace…

The Power of Orchestration: Why Businesses are Turning to End-to-End Identity Proofing Platforms

November 29, 2022

When it comes to onboarding customers online, businesses have adopted eKYC solutions to ensure their new customers are who they say they are and are suitable to do business with. But most eKYC solutions are limited in scope, forcing companies to research, purchase, integrate and maintain dozens of different point solutions to meet all their…

KYC in Fintech: How to Stay Compliant

November 28, 2022

Anti-Money Laundering (AML) regulations apply to all financial institutions, including fintech companies. The purpose of AML is to prevent financial crimes, such as terrorist financing and identify fraud. Know Your Customer (KYC) is a core component of AML and is especially important for fintech organizations. KYC in fintech is more challenging than in other financial…

Preventing Fraud By Assessing Email Risk

November 14, 2022

Email risk is a low-cost but powerful risk signal you can use in your onboarding process to help prevent fraud. In fact, when I was a junior fraud operations manager, I got to see first-hand what a huge difference this risk check can make. I was tasked with mitigating onboarding fraud for the company’s deposit…

The Relationship Between Know Your Customer (KYC) & Customer Due Diligence (CDD)

November 09, 2022

Anti-money laundering (AML) regulations are necessary to battle crimes in the financial services industry, including terrorist financing, identity fraud and illegal drug transactions. They are the primary means used to reduce this type of unlawful activity. AML regulations encompass several subsets. Know Your Customer (KYC) is perhaps the most important of these subsets and, in…

evaluating device risk

Evaluating Device Risk During Onboarding — Zero Friction, High Reward

November 01, 2022

When onboarding new customers online, there are many different risk signals you can evaluate to ensure the customer is who they say they are and that they don’t cause unnecessary risk to your business. For example, you might look at the history of the email address or phone number the customer provides to see if…

What’s New in the Jumio KYX Platform

October 24, 2022

Today we are proud to announce the continued evolution of the Jumio KYX Platform with additional features that further enhance our intuitive, one-stop orchestration hub. The KYX Platform provides end-to-end identity proofing, risk assessment and KYC/AML compliance management to help you fight fraud and financial crime. Following are the highlights of the latest improvements. Enhanced…

The Power of a Reusable Digital Identity: Security, Privacy and Efficiency

October 18, 2022

In the past decade, “digital identity” has simply referred to uploading a digital copy of your driver’s license, passport or other identification document (ID). Identity verification solutions use these digital snapshots to help businesses know and trust their customers online. But these snapshots have some flaws. First, it’s easy for fraudsters to digitally manipulate these…

KYC Checklist: Creating a Compliant Know Your Customer Program

October 14, 2022

Designing an effective Know Your Customer (KYC) program is a critical component of an effective anti-money laundering (AML) program. KYC requirements are meant to protect your organization from doing business with — or becoming the victim of — financial crimes and other illegal activities like terrorism financing. Without a well-designed KYC process, your organization is…

Navigating Asia Pacific’s Identity Fraud Landscape

October 11, 2022

Have you ever watched the chilling cult classic “Invasion of the Body Snatchers”? The 1950s alien takeover movie is best remembered for evoking paranoia about the faceless evil lurking within society. Now, 70 years later, this invasion may be more real than reel. People who are not who they claim to be are silently and…

Mitigating AML Risk in Correspondent Banking

September 30, 2022

Financial criminals depend on advanced technology to complete many of their illegal activities, so financial institutions must use sophisticated methods to identify and stop suspicious activity. Government agencies require these anti-money laundering (AML) efforts, which include identity verification, deep background checks, and transaction monitoring. AML regulations hold financial institutions responsible for practicing due diligence. You…

Sharing Economy: trust and security in a virtual exchange space

September 29, 2022

Versión en español The sharing economy aims to reach an estimated market size of $355 billion by 2025, according to PWC. These figures do not come as a surprise considering the accelerated digitalization driven by COVID-19. According to the ITU, a specialized telecommunications agency within the United Nations, during the first year of the pandemic…