Your marketing department comes up with a great campaign. They think through all the wording and craft pithy catchphrases to capture the imagination of your target market. They develop email campaigns, banner ads, social posts and even some direct mail — all with the intent of generating bona fide prospects to your website. These campaigns…
Recently, you may have heard about a company that experienced a data breach, and because you didn’t patronize this company, you presumably breathed a sigh of relief. But don’t get too comfortable — chances are your data may get compromised in the next breach, or the one after that. When there’s a big data breach,…
Think back to the last online account you created. It may have been a new bank account, or perhaps a new social media or online dating profile. Chances are you were asked questions like “Which of the following addresses have you resided at in the last five years?” This is part of the identity proofing…
Deepfakes are everywhere. From video impersonations to celebrity face swaps, they are becoming the modern-day meme because they’re relatively simple to create. A deepfake superimposes existing video footage of a face onto a source head and body using advanced neural network powered AI. In other words, a deepfake looks to be a real person’s recorded…
Switzerland needs online identity verification now. While this technology is nothing new to Swiss regulators, Swiss banks and financial institutions have been slow to roll it out and are hurting themselves by not acting sooner. Back in 2016 the Swiss Financial Market Supervisory Authority (FINMA) started allowing Swiss-based financial institutions to use online identity verification…
What is GDPR? The General Data Protection Regulation (GDPR) is designed to protect the data privacy of EU citizens. Every company that processes the data of EU citizens, regardless of where that company is located, must comply with GDPR policies. The fines for non-compliance are huge: up to €20 million (~$22 million) or up to 4% of the…
Our digital and physical worlds are becoming increasingly inseparable, with 81% of American adults going online on a daily basis, according to a recent Pew Research Center survey. Consumers can do everything from renting a vacation home to opening a new bank account with just a few clicks and swipes. In the process they’re leaving…
This month, the UK’s Financial Conduct Authority (FCA) confirmed an 18-month delay to the introduction of Strong Customer Authentication (SCA) rules in order to give financial and retail firms a little breathing room to prepare. “The FCA has been working with the industry to put in place stronger means of ensuring that anyone seeking to…
Asia-Pacific smartphone adoption is through the roof, and nine countries in Asia already have the same or higher smartphone ownership rate than the U.S. This skyrocketing mobile device adoption is a positive step for APAC banks and financial institutions when it comes to customer onboarding. Consumers increasingly expect that their online banking experience should be…
Updates to Canada’s anti-money laundering (AML) and anti-terrorist funding (ATF) regulations are about to make customer onboarding and compliance much easier for banks and fintechs because they change the way end users can verify their identities. The Government of Canada recently published new regulation amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing…