Digital Identity Management

Discuss upcoming trends in digital proofing, authentication, fraud and digital identity management.

Barley Laing UK Managing Director at Melissa

Why retrospective ID investigation is critical for 5AMLD compliance

Time pressure and cost are two big issues faced by those in financial services as they seek to ensure compliance with a proliferation of new know your customer (KYC) and anti-money laundering (AML) regulations. One of those that recently became law is the Fifth Anti-Money Laundering Directive (5AMLD), with its focus on strengthening transparency ru...

10 February 2020 /regulation

Dmitrii Barbasura Chief Operating Officer at Fintech Galaxy

Why PISPs should not be required to perform AML checks toward PSUs

According to PSD2, a payment initiation service provider (PISP) represents a payment institution, and thus falls under the Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) regulations. Yet, for many market participants the setup of these checks from PISP’s side is not clear. I think this is an interesting topic that hasn't been explo...

08 January 2020 /regulation

Jonathan Jensen Regulatory Policy Advisor at GBG

Getting to the crUX of identity verification

Great identity verification should be top of the list when it comes to technological improvement in finance. The number of people using online services is increasing, as online banking grows at an average of 3.5% year-on-year in the UK. And while this is a positive step for consumers, more data online means more procedures are needed to protect cu...

27 August 2019 /regulation /devops

Joris Lochy Product Manager at Intix | Co-founder at Capilever

Multi-Factor Authentication and Identity Fraud Detection in the Financial Services Industry

1. Introduction The financial services sector is evolving rapidly: increasing and changing customer expectations, a radical shift towards digital channels (mobile), a tsunami of new regulations (PSD2, GDPR, MiFID2, Dodd-Frank act…​), new technological evolutions (e.g. IoT), increased competition of FinTech players…​ These rapid evolutions force ba...

17 July 2019 /security

Retired Member 

Don’t let our quick fix society get in way of AML checks

It’s very clear that money laundering is well and truly on the rise. Although it’s pretty much impossible to pinpoint exact figures, government officials estimate that between $800 billion and $2 trillion cash is laundered globally, every year. That’s a staggering 2- 5% of global GDP annually. That’s an amount which looks set to rise with criminal...

16 July 2019 /regulation

Ewan Willars Senior Associate at Innovate Identity

Are you complying with AML regulations after recent bureau du change raids?

Last week saw the latest crackdown by UK police on potential money laundering operations, concentrating their efforts on a series of raids on bureau de change, in an effort to identify and cut off a major money laundering route for drugs money and other organised criminal activities. This latest development probably shouldn’t surprise anyone that ...

09 July 2019 /payments