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The Future Identity festival will take to the stage at The Brewery, London, on November 15th & 16th. In preparation for the event we caught up with Aarti Samani, SVP Product & Marketing at festival sponsor, iProov. We chatted about why in today’s world every adult who wants to transact online will need to engage
For this episode of Future Identity Now, we were joined by Russ Cohn, General Manager of International at OCR Labs, to discuss online fraud, digital adoption and the future of embedded ID. We chatted about the increasing need for remote identity, exacerbated by COVID which impacted those businesses reliant on face-to-face customer verification. Russ emphasised
Fighting money laundering with face biometric verification The Financial Conduct Authority (FCA) wrote an open letter in May 2021, to retail banking chief executives in the UK. It raised concerns surrounding weak financial crime controls and anti-money laundering (AML) compliance in the sector. UK retail banks were mandated to analyze, identify, and resolve issues around “common control
Even prior to the outbreak of COVID-19, instances of digital identity fraud and theft were increasing at an alarming rate. Experian’s Global Identity and Fraud report, launched in January 2020, found that 3 in 5 businesses had reported an increase in fraud incidents over the past 12 months. In the UK, fraud prevention service Cifas
Despite decades of financial inclusion efforts, barriers preventing access to financial services continue to exist for individuals across the globe. One such critical barrier, is the lack of an official, foundational form of identification. An estimated one billion people worldwide are unable to prove their identity, while millions more have forms of ID that cannot
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