When it comes to fintech companies, knowing who their customers are, verifying that they are who they claim to be and making sure that their platform isn't misused to commit fraud of any kind is vital to maintaining a brand image and complying with government regulations. This is the essence of KYC (Know Your Customer) processes. It applies to all fintech companies ranging … [Read more...] about Why Does KYC Matter For Fintech Companies?
fraud
The Impact of AI on Telecoms Fraud Protection Strategies
Telecoms fraud is a prevalent and ever-evolving issue that affects both business and individual customers in the telecommunications industry. It encompasses a range of fraudulent and abusive activities that can cause significant financial damage to companies and individuals alike. Ranging from well-established methods, including PBX hacking and SIMBox bypass, to newly evolving … [Read more...] about The Impact of AI on Telecoms Fraud Protection Strategies
What Is eKYC? And Why Is It Essential To Digital Banking?
Like everything else, banks, financial services and insurance agencies are evolving to make their services more accessible and convenient for customers. As far as possible, people want to conduct financial transactions digitally without having to physically visit a bank. According to a Global Retail Banking report, the use of online banking has increased by 23% while mobile … [Read more...] about What Is eKYC? And Why Is It Essential To Digital Banking?
Recognizing The Need For Identity Verification In The Telecom Industry
62.07% of the world's population has a mobile phone. Of these, over 3.8 billion use a smartphone that allows them to make calls as well as complete banking transactions, shop online, etc. While there are countless advantages to having a mobile phone connection, there are risks too. No one is completely safe from concerns like SIM card fraud and data hacking. Today, this risk … [Read more...] about Recognizing The Need For Identity Verification In The Telecom Industry
Harness the Power of Artificial Intelligence in Insurance to Gain a Competitive Edge
Artificial Intelligence (AI) in insurance, along with its subsidiaries, in the form of Machine Learning, Deep Learning, etc., has been revolutionizing the industry for quite some time now. It is, therefore, unsurprising that this seemingly niche market enjoys a potential annual valuation of a solid $1.1T. All the transformation and innovation carried out so far are laying the … [Read more...] about Harness the Power of Artificial Intelligence in Insurance to Gain a Competitive Edge
