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How Financial Institutions Address Remote Onboarding and Regulations Globally

Financial Institutions (FIs) around the world are heavily regulated with the goal of reducing money laundering and funding of terrorism. Complying with global regulations such as FATF and the 5th EU Anti-Money Laundering Directive, keeping track of sanctions and politically exposed persons, require major investments by FIs. Failing to comply with regulations resulted in fines … Continue reading “How Financial Institutions Address Remote Onboarding and Regulations Globally”

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Identity Proofing Challenges: Drivers for an Orchestration Hub

The addition of IdentityMind has revolutionized Acuant’s Trusted Identity Platform. This recent blog from IdentityMind expands upon challenges in Identity Proofing. What does Identity Proofing Mean? Identity Proofing refers to the ability to verify the identity of an individual or a business with a reasonable level of accuracy. Identity Proofing is performed both online and … Continue reading “Identity Proofing Challenges: Drivers for an Orchestration Hub”

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The New Standard in Identity: Acuant’s Revolutionary Trusted Identity Platform

The rush toward a digital society is accelerating at an unprecedented pace. “The value of digital channels, products and operations is immediately obvious to companies everywhere right now,” says Sandy Shen, senior director analyst, Gartner. “This is a wake-up call for organizations that have placed too much focus on daily operational needs at the expense of … Continue reading “The New Standard in Identity: Acuant’s Revolutionary Trusted Identity Platform”

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Transacting with Trust During COVID-19 & Beyond: Online/Mobile Identity Verification

We are in the midst of a global crisis. Many businesses around the world are closing their offices and instructing employees to work from home in order to slow the spread of COVID-19. Additionally, numerous retailers have begun to close their storefronts, as many people are self-quarantining for the next several weeks. And when people … Continue reading “Transacting with Trust During COVID-19 & Beyond: Online/Mobile Identity Verification”

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The Deadline for the Real ID Act Legislature is Approaching, Are Any of Us Ready?

A survey from the U.S. Travel Association found that 72% of Americans do not have a REAL ID-compliant license or are unsure if they do. Furthermore, more than half (57%) are unaware of the October deadline and it is estimated that 39% of Americans do not hold the proper identification to board an airplane starting … Continue reading “The Deadline for the Real ID Act Legislature is Approaching, Are Any of Us Ready?”

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The New Buzzword in Identity Proofing: Believe the Hub Hype

There are many factors influencing the need for stronger identity proofing solutions in 2020, but fraud prevention and compliance are two of the leading drivers. A significant increase in digital transactions has created an environment for fraudsters to hide their activities within millions of transactions occurring every day. A report by Experian in 2019 found … Continue reading “The New Buzzword in Identity Proofing: Believe the Hub Hype”

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ID Theft Checkup: 4 Ways Medical Organizations Can Better Protect Patient Data

2019 was the worst year in history for healthcare data breaches. Almost 32 million patient records were breached during the first half of 2019 – more than double the number of records breached over the entire 2018 calendar year, according to the Protenus Breach Barometer. Many high-profile organizations such as American Medical Collection Agency fell … Continue reading “ID Theft Checkup: 4 Ways Medical Organizations Can Better Protect Patient Data”

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Acuant Predictions: All Eyes on Identity in 2020

As we look to 2020, we will see the protection of consumer data become a legitimate business, with the power finally in the hands of consumers evaluating what businesses they trust. Facial recognition authentication will go mainstream as businesses evaluate the best way to ensure each customer’s digital identity matches their real identity. And investments … Continue reading “Acuant Predictions: All Eyes on Identity in 2020”

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