Many people commit identity theft as online shopping and banking become the norm. According to the Federal Trade Commission, the number of identity theft cases increased by 73% between 2019 and 2020, and this trend is only expected to continue. Due to the rising incidence of fraud, all organisations must…

The devastating effects of financial crime on businesses and their clients are nothing new to the FinTech sector. When it comes to the practice of laundering money, this is especially true. …

Know Your Customer (KYC) is a standard identification procedure businesses use in this digital age. Through this method, a company may recognise who its customers are and how much risk they pose. The global E-KYC market size was valued at $1571.12 billion in 2021 and is expected to surpass $2792…

In the present era, the use of digital solutions has become widespread because of which firms can quickly validate user records. The global identity verification market size reached a value of $9.5 billion in 2022 and is projected to grow $18.6 billion by 2027 at a CAGR of 14.4%. Document…

Today’s international regulatory environment is constantly fluctuating. Data security and Know Your Customer (KYC) standards must evolve as digitisation spreads to more businesses. Moreover, by 2027, the identity verification industry is expected to be worth over $18 billion, increasing from $4.93 billion in 2017. Data theft, account takeovers, ID fraud…

Identity fraud is a heinous crime that several modern-day industries still face. In 2022, the FTC’s Consumer Sentinel Network received over 5.1 million reports, 46% were related to fraud, and 21% involved identity theft. Only document authentication solutions can help corporations tackle rising scam cases worldwide. This way, companies can…

With technological advancements, fraudsters are becoming more intelligent than ever before. They are not hesitating to use illegal tactics to profit from the businesses. This concerns that companies are looking for solutions that provide greater security. Thus, face verification solutions came to the rescue. Moreover, the facial recognition market is…

Technological innovations have benefited businesses with several rewards in today’s world. On the other hand, digitisation has also made it easier for fraudsters to try new techniques for breaching security. Moreover, companies using old methods will attract criminals who want to make money by misusing sensitive information. Businesses must use…

As technology advances, fraudsters are becoming more intelligent to bypass verification procedures and carry out the illicit activity. They are leaving no stone unturned to exploit businesses struggling to make their mark in this modern age. Regulatory authorities have made it mandatory for financial firms to secure their networks since…