Do rising hacks threaten the future of DeFi?
Tuesday 14 June 2022
With hundreds of billions of dollars of total value locked into the decentralised finance (DeFi) market, this burgeoning sector is rapidly becoming an attractive target for cyber criminals and hackers. According to a CertiK State of DeFi Security Report released earlier this year, more than $1.3 billion was lost across 44 DeFi hacks due to centralisation
- Published in Blog, Content, Innovation, Opinion
Identity proofing in an increasingly remote world
Tuesday 11 May 2021
It would be impossible to ignore the drastic acceleration in digital transformation, that has taken place over the past year. Businesses around the world have turned to technology as a means to continue with everyday meetings, tasks and procedures, that just a few months previous were only carried out in-person. Financial institutions have been left with no choice but to allow consumers
- Published in Community, Content, Featured, Fintech, FinTECHTalents, Innovation, Start-ups
Identity Proofing in a Remote Digital Landscape
Tuesday 02 February 2021
Know-Your-Customer (KYC) checks have long been associated with high levels of customer friction. Traditionally, these assessments were largely carried out by financial institutions, looking to conduct due diligence and safeguard against the legal consequences of financial crime. Creating a seamless customer journey was not a priority when designing legacy systems for identity proofing. Until recently,
- Published in Content
Digital Identity: The Missing Piece of the FinTech Puzzle?
Tuesday 26 January 2021
In today’s increasingly digital, experience-driven financial landscape, one of the major challenges facing any financial institution is how to be certain of a customer’s identity. Accurately, securely and seamlessly, while meeting evolving regulation. As transactions grow in volume and complexity, customers expect ever more streamlined experiences, regulators demand greater insights, and the risk of identity
Fighting Back Against Digital Identity Fraud
Tuesday 19 January 2021
Even prior to the outbreak of COVID-19, instances of digital identity fraud and theft were increasing at an alarming rate. Experian’s Global Identity and Fraud report, launched in January 2020, found that 3 in 5 businesses had reported an increase in fraud incidents over the past 12 months. In the UK, fraud prevention service Cifas
Opening the Door to Financial Inclusion with Digital ID
Tuesday 12 January 2021
Despite decades of financial inclusion efforts, barriers preventing access to financial services continue to exist for individuals across the globe. One such critical barrier, is the lack of an official, foundational form of identification. An estimated one billion people worldwide are unable to prove their identity, while millions more have forms of ID that cannot
- Published in Blog, Content, Fintech, Innovation, Opinion
Working to prevent identity theft and money laundering
Thursday 25 October 2018
We speak to Gediminas Ratkevičius, CEO & Co-Founder of iDenfy about how they are tackling KYC compliance and fraud reduction in finanncial services. Reflecting on the journey from diapers to innovators, he also highlights how he and his co-founder evolved their offering based on customer feedback. Kudos for their open mind on the beer front!
- Published in AI/Machine Learning, Customer Experience, Data Privacy, Featured, Fintech, Innovation, Start-ups