ACUANT BLOG

The Deadline for the Real ID Act Legislature is Approaching, Are Any of Us Ready?

A survey from the U.S. Travel Association found that 72% of Americans do not have a REAL ID-compliant license or are unsure if they do. Furthermore, more than half (57%) are unaware of the October deadline and it is estimated...

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How to Prevent Loan Application Fraud

This post was originally available on Feb 2016. Updated on Jan 31st 2020 for new techniques, and focus on overall account fraud vs just account origination fraud. Regulations, compliance and overall risk management place a significant operational burden on financial services. Online...

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The New Buzzword in Identity Proofing: Believe the Hub Hype

There are many factors influencing the need for stronger identity proofing solutions in 2020, but fraud prevention and compliance are two of the leading drivers. A significant increase in digital transactions has created an environment for fraudsters to hide their...

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Measuring Risk with Graph Intelligence

Machine learning and Regtech are popular topics these days. And, both play a big role in the IdentityMind platform.  Large amounts of data can be valuable, and simultaneously daunting. A key promise of Regtech is to empower you to use...

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AML Compliance (and Financial Inclusion) For Everyone — Step 2: A better-suited Business Model

About a year ago we launched our regtech store. At the time, I wrote this post to explain why we thought it was important to do so. A year later, and after hundreds of clients using our KYC plugin and benefiting from the simplicity...

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KYC Compliance Fundamentals Guide

This guide is based on our learnings as Regtech leaders over the last 5 years. It provides a high level summary of the fundamental aspects of KYC compliance that you need to know both when onboarding new customers, and when...

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Digital Identity to Fight Financial Crime – Risk and Compliance Interview with Jose Caldera

Jose Caldera is Chief Marketing & Products Officer at IdentityMind, and has been developing and marketing high technology products for the last 25 years. An entrepreneur at heart, his focus has always been on the enterprise, developing products and services...

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The IdentityMind Platform: A Mature Orchestration Hub

The recent report by AITE Group: “Fraud, Authentication, and Orchestration Hubs: A Path To Greater Agility”, reinforces the strategic value of the Identity Platform we have built. Download the Full Report We designed our Platform on the premise that the...

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ID Theft Checkup: 4 Ways Medical Organizations Can Better Protect Patient Data

2019 was the worst year in history for healthcare data breaches. Almost 32 million patient records were breached during the first half of 2019 – more than double the number of records breached over the entire 2018 calendar year, according...

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Why Cryptocurrency Companies are Filing more SARs than Ever

Recently, Ken Blanco, the director of the Financial Crimes Enforcement Network (FinCEN) announced that Cryptocurrency companies have filed 7,000 Suspicious Activity Reports (SARs) since May. This is amazing when you consider that since 2013 cryptocurrency firms have filed only 11,000...

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Acuant Predictions: All Eyes on Identity in 2020

As we look to 2020, we will see the protection of consumer data become a legitimate business, with the power finally in the hands of consumers evaluating what businesses they trust. Facial recognition authentication will go mainstream as businesses evaluate...

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Fraudsters Thrive During Holiday Season: Learn How You Can Stay Safe

It’s that time of year when our attention turns to family, friends, good cheer and, of course, shopping. eMarketer forecasts that total US retail sales will climb 3.8% to $1.008 trillion during the 2019 holiday season, making it the first...

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