Category: Banking
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Deepfake fraud: protecting businesses with orchestrated identity verification
Discover how deepfake technology is revolutionizing synthetic identity fraud, costing businesses billions. Learn how to protect your business from deepfake fraud. #DeepfakeFraud #IdentityVerification #AIFraud
Is open banking data enough to verify citizens?
Discover the role of open banking in citizen verification and identity assurance. Learn how it provides a starting point for secure transactions and enhances data checks.
What is identity orchestration and decisioning?
The notion of the identity ecosystem is not new. However, the alignment of data, APIs, and modern protocols has created a perfect environment for that identity ecosystem to thrive Users of online services demand a simple, secure, and low-friction experience. They don’t want to go through a complicated onboarding process with the result that they…
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How an Open Loop Identity Network Can Harden VRPs Against Fraud
When a new technology or process appears, you need something distinct, uncomplicated, and beneficial to prove the point. Open banking is an example of a disruptive force that looks set to shake up incumbent systems such as direct debits; Juniper Research expects open banking to handle more than $116 billion in global payment transactions by 2026. Variable Recurring Payments…
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Open Banking – The answer to reducing fraud and streamlining access to government services
Government services have been on a roller coaster ride for years now as technologies come and go. This situation is not unique to the UK. Government bodies across the world are actively trying to tackle the issues of customer engagement using identity tools. In the UK, even with the efforts of Verify, we still have…
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What the use of open banking means for identity networks
By connecting identity data from multiple sources through APIs, the open banking concept can help verify identity more reliably and improve the customer experience. When you think of Payment Services Directive 2 (PSD2), what likely springs to mind is the implementation of the Secure Customer Authentication rule (SCA). SCA was brought in as an additional…
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Avoco to Speak at Digital Finance World 2017
Creating persistent identities, that are validated or uplifted to the right trust levels for commerce, is key to services like online banking. This is meet by building relationships that deliver ‘Identity with Assurance’ as well as offering Data and Services Brokers, and Personal Data Management. This is all done under user consent, to supply information…
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