Got questions about KYC compliance requirements? Consider this your crash course! In this brief but informative post, you’ll learn everything you ever wanted to know about KYC but were afraid to ask. Ready? Let’s go!

1. What does KYC stand for?

KYC...

Application fraud prevention is getting a lot of attention from banks and credit unions. For good reason.

Account opening processes are speeding up, much to the delight of consumers. But faster application processes are also driving a notable rise...

The methodology and the technology that banks use to screen and validate new account applicants should have a dual purpose

Have you ever asked, “what is synthetic identity fraud and how can I safeguard my institution against it”?

Fraudsters, like Shana in this video, are creating synthetic identities using a mix of legitimate and fabricated information to create new...

FIs must use new techniques to ensure they know who they are dealing with in the online and mobile channels. 
In a recently published study, over 40% of FIs in every category with the exception of the largest FIs already offer some type of second chance account.

Are your identity verification tools keeping up with today’s quickly evolving threats like synthetic identities and helping your financial institution deliver a great applicant experience with minimal friction?

If there’s room for improvement, this...

Early Warning delivers high assurance and real-time identity confidence for both sides of commerce transactions, enabling Zelle® to become the most trusted payment method of commerce. Best of all, money can move faster and more securely.
A computer consultant sells his list of more than 700 synthetic identities to two Florida men to steal millions from COVID-19 relief programs. Synthetic identity fraud is the fastest growing financial crime in the U.S. and fraudsters are capitalizing on existing blind spots with traditional fraud risk models. Verify Identity is a new account opening tool built with ID Confidence, a Synthetics Indicator and Verify SSN to help stop bad actors from entering the system.