Blog

November 8, 2018

Blog Entry

What we learned from Money20/20 2018

Money20/20 2018 is officially in the bag with more than 450 speakers descending on Las Vegas over four days. This year’s agenda covered the critical ways that innovators in payments, commerce and financial services are disrupting tradition and revolutionizing the future of money. Topics ranged from artificial intelligence (AI) and deep learning to blockchain and cryptocurrency, alternative lending and credit, digital identity and biometrics, and more.

October 19, 2018

Blog Entry

MoneyGram uses Mobile Verify to reduce fraud loss and account takeover

Learn how MoneyGram integrated Mobile Verify® into 11 websites worldwide in order to achieve their digital onboarding and compliance goals, and to reduce account takeover and payments fraud.

September 19, 2018

Blog Entry

Infographic: Digital trust in the consumer age

Strangers walk our dogs. They drive us around. They deliver our food. They sell us crafts, furniture and clothes. They rent us rooms. They even care for our children and grandparents. When we let people we’ve most likely never met before into our homes and into our lives, we’ve got to trust them unconditionally. But do we? Exactly how much do we actually trust these sites, services and profiles with whom we do business?

September 18, 2018

Blog Entry

EU requirements, data breaches and the future of ID verification

In today's tempest of data breaches and regulations, payment service companies of all sizes across Europe need to satisfy regulations and create compliant onboarding processes while also providing customers with a good user experience – all at a reasonable cost. Find out how.

September 4, 2018

Blog Entry

Consumer trust in the digital age Part 2: social media

Social media platforms are among the areas of the web where consumers are most concerned about identity and whether the people and accounts they’re interacting with are legitimate. Increasingly, it is becoming clear that the foundation of trust in the digital channel lies in identity verification.

August 21, 2018

Blog Entry

Bob Meara's key recommendations for digital customer acquisitions

Bob Meara, senior analyst with Celent’s banking practice, recently developed a vendor spectrum report of identity verification solutions for digital customer acquisition. In it, Meara lists his key industry recommendations for better digital customer acquisition. Read an excerpt here.

August 9, 2018

Blog Entry

Consumer trust in the digital age: Part 1

Read our first installment of a two-part blog series on how today’s era of “Fake News,” bot accounts, wide-scale data breaches and identity theft are affecting consumers’ willingness to conduct business and personal transactions in the digital channel.

August 2, 2018

Blog Entry

The post-data breach era and the future of ID verification

Payment service companies of all sizes need to satisfy regulations and create compliant onboarding processes while also providing customers with a good user experience. Read about emerging methods financial institutions can deploy to tackle these challenges.

July 22, 2018

Blog Entry

Mitek achieves SOC 2 compliance and ISO 27001 certification

Mitek is now both SOC 2 compliant and ISO 27001 certified. Both programs provide an international gold standard for best practices in establishing and maintaining internal controls over information security, as well as systems availability.

July 9, 2018

Blog Entry

Part 1: Cryptocurrencies and future regulatory requirements

Read our first installment of John Devlin's (P.A.ID Strategies) two-part assessment of today's cryptocurrencies and how close -- or far -- they are from meeting future regulatory requirements.

July 7, 2018

Blog Entry

Part 2: The future of crypto and regulatory requirements

Read the second installment of a blog series from P.A.ID Strategies principal analyst and founder, John Devlin, as he takes a look at where regulatory activity has actually translated into action amongst crypto service providers.

July 3, 2018

Blog Entry

Crypto success dependent on online identity authentication best practices

The polarization between criticism and praise for crypto from world leaders and business figures has led many to agree on the fact that regulation is needed if cryptocurrencies are to find any future success as money. Without regulation, the industry may not sustain itself.

June 22, 2018

Blog Entry

Identity verification key to success for cryptocurrency sector

Many believe that growth in the cryptocurrency ecosystem could change the way our global economic system operates. However, success will be unattainable unless crypto can shed its negative reputation. Read how the right balance of security and seamlessness will help.

June 11, 2018

Blog Entry

Making Online Banking Initiation Legal and Easy (MOBILE) Act: It’s official

The Making Online Banking Initiation Legal and Easy (MOBILE) Act officially became law on May 24, 2018, authorizing a national standard for banks to scan and retain information from driver’s licenses and identity cards as part of a customer online onboarding process, via smartphone or website.

May 17, 2018

Blog Entry

The GDPR represents an opportunity, not an obstacle to improvement

As of May 25, 2018, the General Data Protection Regulation (GDPR) goes into effect in the European Union. The GDPR, designed to safeguard personal data, requires companies to tell customers what data they have on them and how they use it, and report data breaches within 72 hours.

May 2, 2018

Blog Entry

The need for identity verification in the news

Protecting Users, Reducing Fraud, and Complying with KYC Through Identity Verification. Do you want your organization to thrive or simply survive? Protect your customers and ensure AML compliance with Mitek.

April 23, 2018

Blog Entry

Do ICOs have to register as money service businesses?

Screening contributors for anti-money laundering (AML) and Know Your Customer (KYC) purposes has become industry best practice among issuers of Initial Coin Offerings (ICOs). Doing so signals a level of regulatory compliance, even as regulators around the world are still developing the framework.

April 12, 2018

Blog Entry

Trust Top of Mind at the KNOW Identity Conference

The issue of trust has broken through as one of the top concerns for leaders across every major industry. Nowhere was this more clear than at One World Identity’s KNOW Identity Conference in Washington last month.

Rattled by the latest round of high-profile breaches of customer data, managers and executives from the financial, travel, telecommunications, and other industries attended in greater numbers than before at this conference. Clearly this is because we’ve reached a tipping point.

March 29, 2018

Blog Entry

The Benefits of Moving to Digital for AML and KYC Compliance

Consumers want the convenience of signing up through digital channels, but financial institutions must comply with stringent anti-money laundering (AML) and Know Your Customer (KYC) regulations that typically send new customers out of their preferred (digital) channel for identity verification.

March 6, 2018

Blog Entry

What does success look like? Working towards the magic mobile deposit adoption rate

Financial institutions should pay close attention to their rate of check deposits in the mobile channel as it is a clear indicator of progress towards broader digital adoption. Currently, 12% of checks deposited by retail banking customers are coming in via the mobile channel; the numbers should be well north of 30%.

February 22, 2018

Blog Entry

The time for mobile banking to be at the Core of Business Banking is Now

Financial institutions should pay close attention to their rate of check deposits in the mobile channel as it is a clear indicator of progress towards broader digital adoption. This is especially important as C2B and B2B checks account for roughly two-thirds of all check deposits and that checks are here to stay for the foreseeable future.

February 20, 2018

Blog Entry

The future of identity is digital, are you ready?

Governments, international institutions, and public and private organisations are turning to technology to solve the global digital identity crisis. The first step is to move from traditional, cumbersome systems requiring in-person authentication to a digital identification process, using, for example, identity document authentication and biometric recognition solutions that can identify a person uniquely.

February 20, 2018

Blog Entry

Digital Account Opening in the UK Part III - Key Differences Between Incumbents and Challengers

In the third and last episode of this blog series, John Devlin, Principal and Founder of P.A.ID. Strategies, concludes that making it quick and easy to sign-up and on-board customers is a big differentiator for banks in the UK, with potentially long-lasting benefits for both consumers and financial institutions.

February 16, 2018

Blog Entry

Making Online Banking a Reality in The US: All You Need to Know About the MOBILE Act

Learn all you need to know about the H.R. 1457 Bill, ‘Making Online Banking Initiation Legal and Easy’, better known as the MOBILE Act. This bill creates a national standard to authorize banks and other FIs to scan and retain information from driver’s licenses and identity cards when a consumer opens a bank account online, either using a mobile app or the FI's website.