June 24, 2021
As the use of eCommerce, online marketplaces and the sharing economy grows significantly—in 2020 alone, 150 million people shopped online for the first time during the COVID-19 pandemic—so too does fraud; according to the Poneman Institute, organizations are losing $4.5...
June 10, 2021
B2C companies must perform a series of verification operations to verify the identities of their individual customers known as Know Your Customer (KYC). Similarly, companies with B2B clientele must do the same process for businesses; in AML taxonomy this is...
May 25, 2021
The COVID-19 pandemic accelerated the need for digital wallets and forced companies to swiftly adjust and improve their platforms. Many industry experts report that digital wallets will overtake credit cards as the preferred method of payment by 2023. The focus...
May 21, 2021
Thinking of entering the world of cryptocurrency but worried you’ve missed the crest of the wave? Or maybe, you aren’t entirely sure of its safety... Don’t worry, you’re not alone. Things move quickly in the world of cryptocurrency, but Bitcoin...
May 19, 2021
We have all experienced a growing reliance on remote services and digital technology that was sped up by the pandemic. From electronic payments to mobile orders for groceries to telehealth visits, our comfort level with taking care of business from...
May 19, 2021
The term ‘due diligence’ refers to the measure or exercise of care enacted by a prudent, rational individual or entity under given circumstances. Just as rational individuals evaluate big decisions before they make them, businesses operating in the regulated sector...
May 17, 2021
Acuant’s Chief Product Officer Jose Caldera spoke to PaymentsJournal about the importance of establishing trust in open banking without compromising customer experience or privacy. Read the original article and listen to the podcast interview here. In today’s world, digital banking...
May 14, 2021
The shift to digital was taking place well before COVID-19, but the pandemic, as well as advances in AI and alternative data, have helped accelerate the adoption and use of digital technology. Organisations that fail to adapt risk being overtaken...
May 12, 2021
An increased use of digital technology has had a massive impact on the way we live our daily lives, but it’s also had an impact on how exposed our identities can be to fraudsters. In this shifting landscape, organisations need...
May 6, 2021
The regulated sector is diverse and institutions must keep pace with developing rules and regulations in order to remain compliant. As such, creating a smooth onboarding process which is both robust and efficient is no mean feat. The challenge for...
May 6, 2021
The travel and tourism industry has long been one of the largest industries in the world. According to the UNWTO*, in 2019, Europe alone saw 744 million international tourists. Though it came to an almost standstill as a result of...
April 30, 2021
The global AML landscape is diverse and financial institutions must keep pace with rules and regulations in order to remain compliant. But regulations are constantly evolving and businesses must also be prepared to move swiftly, adopt new standards, and protect themselves...