Banks have invested countless millions in Know Your Client and Know Your Customer verification, but they haven’t been able to use this knowledge beyond regulatory “check the box” procedures that can irritate clients and even cause some of them to switch banks. However, things don’t have to be this way ... Read More

It’s seldom easy to predict what a hacker will do exactly. Cybercriminals frequently act out of impulse and chance rather than following a rational course. The Identity Theft Resource Center (ITRC) believes it has a preview of what lies ahead in 2023 after studying patterns in the second half of ... Read More

Over the last 3 years, Identity Verification in India has seen a marginal boost in the number of verifications conducted digitally. The market growth in the identity verification sector comes as an effect of the disastrous pandemic that caused record-high identity theft, ATOs, and numerous other frauds all initiated through ... Read More

Self-checkout kiosks are automated devices that enable consumers to scan and pay for their products without the help of a cashier. By this point, we’ve all encountered them. They are frequently seen at supermarkets, department shops, and other retail locations where it is possible to skip tedious manual check-out. How ... Read More

In Africa, there are a plethora of banking prospects. The area is a “sleeping giant” when it comes to having access to conventional bank accounts, online banking, and reasonably priced financial services. Identity Verification APIs are now providing resolutions to the finance sector with their old customer onboarding woes in ... Read More

Aadhaar OKYC transactions jumped 22% in Nov; Aadhaar Verification transactions grew 11% 28.75 Cr eKYC transactions conducted using Aadhaar in Nov Indian Residents’ use of Aadhaar is continuing to advance across the nation. Aadhaar was used to complete 28.75 crore eKYC transactions in November alone, a 22% increase from the ... Read More

This year, 2023, digital identity verification will take on greater urgency. This is largely due to the fact that fraudsters stole more than $11.4 billion through account takeovers (ATOs) last year, while account origination fraud is predicted to cost $5 billion by 2024. The world of technology and everything linked ... Read More

A person’s most valuable and often utilised asset is their identity. Identity verification is used to demonstrate that the person’s identity matches what they say it is. It determines whether a person is actually hiding behind the persona he presents. There are several systems and approaches for confirming identity. Various ... Read More

Policyholders prefer a digital style of interaction over a physical one. However, identity verification problems frequently stand out, which causes significant onboarding dropout rates. This blog article examines how to resolve this using an AI-powered verification method. According to a recent study, 44% of those between the ages of 18 ... Read More

When someone impersonates you by exploiting your personal information to perpetrate fraud or gain other financial advantages, this is known as identity theft or identity fraud. Your personally identifiable information includes your name, residence address, email ID, login and passwords, Social Security number, driver’s license number, passport number, or bank ... Read More