Account verification

Onda Più Chooses Sumsub for effective KYC and Anti-Fraud, Pioneering User Verification for Italian Energy Services

Retrieved on: 
Tuesday, April 30, 2024

LONDON, April 30, 2024 /PRNewswire/ -- Today Sumsub, a leading global verification provider, announced that it has teamed up with Onda Più, an energy services company based in Sicily. Together, the two companies are pioneering digital user onboarding and fraud prevention for Italian electricity and natural gas services.

Key Points: 
  • Onda Più, a sustainable energy provider based in Sicily, adopted Sumsub, a full-cycle verification platform, for smooth customer onboarding and fraud prevention.
  • LONDON, April 30, 2024 /PRNewswire/ -- Today Sumsub , a leading global verification provider, announced that it has teamed up with Onda Più, an energy services company based in Sicily.
  • Together, the two companies are pioneering digital user onboarding and fraud prevention for Italian electricity and natural gas services.
  • This collaboration will help Onda Più ensure smooth verification procedures for both individual customers and companies, protecting consumers from fake service subscriptions and other scams.

AU10TIX ID Verification Suite and Serial Fraud Monitor Prevented Over $18B in Business Fraud Since 2021

Retrieved on: 
Tuesday, April 23, 2024

This solution, along with the company's IDV (Identity Verification) Suite , has proven to protect organizations against even the most sophisticated identity fraud schemes.

Key Points: 
  • This solution, along with the company's IDV (Identity Verification) Suite , has proven to protect organizations against even the most sophisticated identity fraud schemes.
  • Furthermore, in Q1 of 2024 alone, AU10TIX has already prevented over $1.3B in fraud.
  • However, by 2023, a significant 70% of the fraud loss prevented was synthetic AI-generated fraud detected by the Serial Fraud Monitor.
  • The company's Serial Fraud Monitor is the industry's first and only solution that can detect coordinated mass ID fraud attacks.

Everyware Launches Comprehensive Suite of Identity Verification Solutions to Transform Customer Security

Retrieved on: 
Tuesday, April 9, 2024

Everyware , a trusted name in customer engagement, billing, and payments, today unveiled its advanced Identity Verification Solutions suite designed to combat rising payments fraud and bolster customer confidence.

Key Points: 
  • Everyware , a trusted name in customer engagement, billing, and payments, today unveiled its advanced Identity Verification Solutions suite designed to combat rising payments fraud and bolster customer confidence.
  • The comprehensive suite, which includes Identity Match and ID Document Verification tools, delivers the essential security measures for today’s leading businesses that can be seamlessly integrated into digital transactions.
  • With today’s advanced security needs, Everyware’s new Identity Verification Solutions can be embedded into digital invoicing and payments processes, placing transactions on hold immediately if verification is not passed.
  • “Everyware’s augmented Identity Verification Solutions not only fortifies businesses against identity theft and fraud but also ensures a smooth, secure and consistent user experience across digital financial interactions.”
    Everyware's comprehensive suite of Identity Verification Solutions includes:
    Identity Match, which conducts instant verification against Everyware’s expansive U.S. census and credit bureau dataset.

Regula Elevates Its Industry Standing by Securing Full Membership with the European Telecommunications Standards Institute

Retrieved on: 
Tuesday, April 9, 2024

ETSI, renowned for its role in establishing globally acceptable standards for ICT-enabled systems, applications, and services, provides a transparent collaborative platform for members to influence industry-wide standards.

Key Points: 
  • ETSI, renowned for its role in establishing globally acceptable standards for ICT-enabled systems, applications, and services, provides a transparent collaborative platform for members to influence industry-wide standards.
  • "We are excited about the opportunities ETSI membership presents for Regula and the IDV industry as a whole.
  • This distinction enables us to not only meet but exceed the expectations of our clients and the industry as a whole.
  • Currently, Regula solutions are used by more than 1,000 organizations and 80 border control authorities around the world.

Truckstop Introduces New Broker Product Offerings to Enhance Trust, Confidence and Security Within Their Business

Retrieved on: 
Tuesday, April 9, 2024

BOISE, Idaho, April 9, 2024 /PRNewswire/ -- At the TIA 2024 Capital Ideas Conference, the industry's leading transportation conference for freight brokerages, in Phoenix from April 10-13, Truckstop is launching new broker product offerings to enhance trust, confidence, and security within their business.

Key Points: 
  • BOISE, Idaho, April 9, 2024 /PRNewswire/ -- At the TIA 2024 Capital Ideas Conference, the industry's leading transportation conference for freight brokerages, in Phoenix from April 10-13, Truckstop is launching new broker product offerings to enhance trust, confidence, and security within their business.
  • An online survey conducted by Truckstop revealed insights from over 1,500 of its broker customers.
  • The demand for efficient and secure processes through real-time data access becomes essential for operational efficiency, building trust and ensuring profitability.
  • Truckstop also today announced a product integration with Tai TMS , so their customers can access all of FreightFriend's benefits.

Regula Wins Silver in the 2024 Globee Awards for Cybersecurity

Retrieved on: 
Wednesday, March 20, 2024

A first-time nominee, Regula has gained silver in the Identity Proofing and Corroboration category of the 20th Annual 2024 Globee Awards for Cybersecurity .

Key Points: 
  • A first-time nominee, Regula has gained silver in the Identity Proofing and Corroboration category of the 20th Annual 2024 Globee Awards for Cybersecurity .
  • The Globee Awards honors organizations and individuals who have achieved remarkable success, demonstrated innovation, and made a positive impact in their respective fields.
  • Offering a complete single-vendor IDV solution based on Regula Document Reader SDK and Regula Face SDK , the company creates solutions for both document and biometric verification.
  • In 2023, Regula received Gold at the 2023 Merit Technology Awards for Cybersecurity and won the 2023 Global InfoSec Awards .

AU10TIX Boosts FXCM ID Document Approval Rates by 29%, Enabling Revenue Growth

Retrieved on: 
Wednesday, April 3, 2024

TEL AVIV, Israel and LONDON, April 3, 2024 /PRNewswire/ -- AU10TIX, a global technology leader in identity verification and management, and Stratos Group of companies (collectively, the 'Stratos Group' or 'FXCM'), a leading provider of online foreign exchange (FX) trading, stocks and other CFD trading and related services, today announced a successful partnership that has bolstered user security and optimized the onboarding process on the FXCM platform, increasing ID document approval rates by 29% and impacting revenue growth.

Key Points: 
  • FXCM solved this business challenge by integrating AU10TIX's Identity Verification (IDV) Suite , Web SDK and biometric solutions into the FXCM platform.
  • AU10TIX's advanced algorithms and extensive security databases streamlined FXCM's validation processes, resulting in a significant improvement in document approval rates from 62% to 80%.
  • The swifter onboarding resulted in lower abandonment rates and thus expanded the opportunity for revenue growth.
  • "At FXCM, ensuring a seamless and secure onboarding experience for our customers is a top priority," said Teodora Mladenova, eKYC Product manager at FXCM.

Sandbox Banking Partners with Plaid to Strengthen Identity Verification and Elevate Banking Solutions

Retrieved on: 
Wednesday, March 27, 2024

A key highlight of this collaboration is the integration of Plaid's advanced Identity Verification capabilities with Sandbox Banking's proprietary Customer Experience workflows.

Key Points: 
  • A key highlight of this collaboration is the integration of Plaid's advanced Identity Verification capabilities with Sandbox Banking's proprietary Customer Experience workflows.
  • Customer360 seamlessly integrates customer data across platforms, ensuring real-time updates while Plaid Identity Verification strengthens onboarding processes, preventing identity theft and ensuring secure account creation.
  • "Partners like Sandbox Banking offer accessible innovation for financial institutions, which is a key element of impending open banking regulation. "
  • By combining Plaid's cutting-edge identity verification technology with Sandbox Banking's forward-thinking banking solutions, the collaboration aims to elevate the standard of security, efficiency, and user experience in the financial services industry.

Research Exposes Every 100th User of Online Services Involved in Fraud Network

Retrieved on: 
Tuesday, March 19, 2024

MIAMI, March 19, 2024 /PRNewswire/ -- Research by Sumsub, a leading global verification platform with 1B+ identities database, shows an alarming surge of fraud networks across multiple regions. The company discovered the trend prior to launching its upgraded comprehensive Fraud Prevention Solution aimed to help businesses fight fraud networks and other rising threats, including account takeovers, chargeback fraud, bot attacks and more.

Key Points: 
  • According to Sumsub's internal research*, every 100th user of a digital platform or service globally was a member of a fraud ring in 2023.
  • They collaborate to take advantage of a digital platform like a crypto exchange, fintech app, dating service, or online casino.
  • More 'leaders' of fraud rings proportion among users include Oman (7.2%), China (4.6%), Hong Kong (2.9%), Kenya (2.8%), and Indonesia (2.2%).
  • "Sumsub's comprehensive solution for fraud prevention is based on machine learning algorithms detecting all possible fraud types at every stage of the user journey.

Checkout.com recognized for its digital payment performance in report by global analyst firm

Retrieved on: 
Thursday, March 14, 2024

Checkout.com received a 5 out of 5 score in the payment performance optimization criterion.

Key Points: 
  • Checkout.com received a 5 out of 5 score in the payment performance optimization criterion.
  • "Since going live with Intelligent Acceptance, the authorization rate of payments processed on Checkout.com's rails has increased by nearly 10%.
  • Reference customers interviewed for the report cite the 'configurability and quality of its reconciliation and settlement reporting, as well as its settlement speeds' as particular strengths.
  • Meron Colbeci, Chief Product Officer at Checkout.com, said, "It is humbling to be recognized by Forrester on what is our core investment area - Performance.