ACUANT BLOG

Payments + Fraud Prevention & Compliance = IdentityMind (now Acuant Compliance) Added to Dwolla Partner Ecosystem

Payments are a key ingredient of online business. Dwolla works with a wide variety of companies to quickly enable them to collect and disperse payments online. However, doing business online requires being able to identify and verify your customers, and...

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Mobile Money: Financial Service Institutions and the Rise of Digital Identity

In the span of three months there has been a massive culture shift to embrace all things digital. Telemedicine is on the rise, workplaces have turned to Zoom and other cloud based collaboration tools, and small retailers are using ecommerce...

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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...

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The Keys to Fighting Synthetic Identity Fraud

Synthetic ID fraud is the fastest growing financial crime, often going undetected until it's too late.    

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Use Case Spotlight: Regional Credit Union Uses Acuant to Stop Synthetic ID Fraud

A recent study from a regional Credit Union stated that over the course of a few months, Acuant had saved hundreds of hours in employee time and tens of thousands of dollars in losses. This credit union, which serves more...

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Synthetic Identity Fraud Is The Fastest Growing Financial Crime — What Can Banks Do To Fight It?

Glenn Larson is the Vice President of Engineering at Acuant and is a member of Forbes Technology Council,  an invitation-only community for world-class CIOs, CTOs and technology executives. Read his article for the Forbes Tech Council below, or you can read...

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Move Over Millennials, Gen Z is Banking Smarter: Why Banks and Fintechs Must be Mobile Centric to Capture the Market

It may be hard to believe but Generation Z, those born between 1996 and 2010, now hold up to $143 billion in spending power. This generation is heading off to college, getting their first job and buying their first car....

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Improving Identity Verification Solutions in Financial Services

Despite advances in technology, such as the spread of credit cards with microchips, in 2016 more than 15 million Americans lost $16 billion as a result of identity theft. Financial services is an area where identity verification is crucial. Financial...

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Identity Fraud Prevention in Today’s Digital Economy

With cyber criminals becoming increasingly sophisticated and hackers making headlines regularly, it is imperative that businesses employ advanced security technology. Identity proofing is a term for identity verification that is being adopted by analysts such as Gartner. From Gartner’s study1:...

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Identity Fraud Threat Looms Large: Solutions for Banking Industry

"I can tell you with 100% conviction that identity proofing is the biggest fraud problem out there," said Avivah Litan, a vice president at the research and advisory firm Gartner. "Fraud has become an identity problem." Identity theft has been...

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Consumers Prefer Self-Service Kiosks at Banks

Mercator Advisory Group’s customer insight report revealed that even though American consumers typically prefer to deposit their checks with bank tellers, they’re increasingly using self-service methods to deposit their checks. The advisory group surveyed over 3,000 American customers over the...

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