ACUANT BLOG

Online Shopping is Booming & So Is Fraud: Is Your Business Prepared?

The final months of the year signal the upcoming holiday season and a period of online frenzy. Online activity has been steadily increasing during the pandemic, with online sales expected to reach at least $630 billion in 2020 alone.  With...

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It All Begins With Identity

We all know that digital transactions have surged during the pandemic, and with the wrong identity verification technology, keeping up with the accelerated digital activity can be a challenge. In a recent podcast with PaymentsJournal, Acuant’s VP of Product Faisal...

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Introducing Acuant®GO: Why No Code IDV & Compliance Solutions are a Game Changer

No code technology is a rapidly growing market, and for good reason. Forrester expects the no code/low code market to reach $21.2 Billion by 2022. And Gartner estimates that enterprise low code application platforms (LCAP) will be 65% of all app...

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The Cannabis Industry is Growing and So Are the Fines: Learn How You Can Upgrade & Safeguard Your Business with Identity Verification

The cannabis industry as a whole, for medical and recreational marijuana, is growing substantially; retail sales are expected to reach at least $15 billion USD by the end of 2020 in the United States alone and could reach over $37...

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Why The Move To A Cashless Economy Could Bring On A Global Identity Crisis

Glenn Larson is the Vice President of Engineering at Acuant and a member of the Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs and technology executives. Read his article for the Forbes Technology Council below, or find the original...

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Facilitation AND Fraud Reduction: Ozone® Chip Authentication Goes Mobile

In 2020 the world as we knew it forever changed. Technologies that were being explored as concepts have now matured to implementations that are being embraced globally when it comes to digital credentials.   Governments are issuing ePassports and identifications cards...

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Combating Synthetic Identity Fraud: Key Takeaways from the OWI Panel

Hacking, money mules, identity theft and synthetic fraud are some of the many vectors of attack being used globally to target and exploit banks and fintechs for money laundering purposes. There is no silver bullet to end fraud schemes (or...

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Everything You Need to Know About [Money] Mules & How to Detect Them- Hint: It’s Not a Sniff Test

It's no surprise that targeted fraud is an ongoing problem for many businesses. According to a JP Morgan report, 81% of businesses were targets of some form of payment fraud in 2019. One of the many — and damaging —...

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The Move to Digital Means More Challenges: A Case for Mobile Verification & Automated KYC

We all know that data breaches and identity fraud were on the rise before COVID-19, but now we are seeing an even sharper increase due to current operations being unprepared. With a 250% increase in digital channel usage, fraudsters are increasingly taking advantage of businesses and preying on consumers. How do businesses combat and...

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Capturing the Millennial Market with Identity Verification

From a business perspective, capturing millennial business and future tech-focused generations is vital. At least 54% of their purchases are online and they exercise significant purchasing power: there are roughly 80 million Millennials in the U.S. and in 2020 are...

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It’s Time to Automate your KYC Compliance

There is a strong case to automate KYC (Know Your Customer) compliance today. An increasing volume of online transactions and an increase in the rate at which these transactions occur, on top of the current Covid-19 pandemic, makes manual processes almost impossible. No ordinary compliance team...

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Demystifying and Destigmatizing Facial Recognition: An Education on the Use of Facial Recognition in Identity Proofing

When major players like IBM start pulling out of the facial recognition market, it makes sense to pause and take a deeper look to understand the controversy. Headlines are touting alarms of citizen surveillance that have led to very unsettling...

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