Biometrics providers push further into financial services, past digital ID misconceptions
A set of stubborn myths about digital ID are posing stubborn barriers to its application in banking and financial services,…
Sumsub - biometrics topics
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KYC and AML costs add up, compliance with biometrics costs less: Ondato
The cost of anti-money-laundering (AML) processes for major European banks averages €14.25 million (US$15.15 million) each year, with each of…
Government databases could replace document-based ID verification: Sumsub CTO
Government databases and centralized solutions may one day replace document-based verification, Vyacheslav Zholudev, Sumsub’s chief technology officer and co-founder told…
ID fraud rises worldwide but biometrics helps KYC
Several companies in the know-your-customer (KYC) and anti-money laundering (AML) spaces have recently shared new insights into the industry. The…
Selfie biometrics boom in fintech with new implementations, partnerships
Selfie biometrics are expanding in several markets, with a new implementation from Amazon, partnerships for Veriff, Sumsub and IDScan.net, and…
Digital ID providers upgrade sales network, solution portfolio and certifications
Digital ID provider Incode has unveiled a new reseller partnership, while iDenfy and SumSub have upgraded their offerings with a…
Sumsub eases digital identity verification with no-code tool for configurable user journeys
Sumsub has introduced a feature enabling companies to create user identity verification workflows tailored to particular triggers and risk scenarios…
One-click KYC, digital ID solutions introduced by Yoti, Sumsub
Yoti is introducing a new one-click digital identity verification solution in collaboration with financial KYC (know-your-customer) provider Department of Trust,…
New solution and partnerships unveiled amid flurry of selfie biometrics and KYC activity
Romania-based Qoobiss has launched an anti-money laundering solution for businesses in the financial sector based on the company’s selfie biometric,…
KYC fraud loss tool launched by Sumsub amid digital ID deals, award
Digital ID providers are continuing to extend their software toolkits for KYC checks, and their market reach. Shufti Pro has…
