Preventing Account Takeover & Transaction Fraud in eCommerce Marketplaces

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...


The Importance of Know Your Business (KYB) & Ultimate Beneficial Ownership (UBO)

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...


Why Digital Wallets are the Next Big Thing in Payments

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...


Crypto Casinos: Should You Roll the Dice?

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...


What is Customer Due Diligence?

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...


The Challenge of Establishing Trust in Open Banking

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...


Reducing Due Diligence from Weeks to Minutes

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...


Know Your Guest: The Importance of Travel Risk Management & ISO 31030

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...


What’s Next for AML?

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...


Fighting First-Party Fraud by Monitoring Customer Risk

First-party fraud is when individuals—for their own purposes or on behalf of others—using a real or synthetic identity enter an exchange of some sort for goods or services without intending to follow through on the future payment(s). This can include...


The Future of Identity in Gaming

The gaming landscape has changed dramatically over the past 12 months with more traditional players having to opt for online services. Moving further into the digital space means gaming and gambling is now done in real-time. However, the identity verification...


What is Bayesian Belief? A Dummies Guide

At Acuant, we use various advanced analytics techniques to derive meaningful insights from unstructured data. Bayesian Belief Networks are one of techniques we use in our models and here, we will explore just what they are. (more…)

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