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Identity theft is a growing problem for consumers, businesses, and governments. Recent statistics show that identity theft resulted in over $26 billion in losses in the U.S. last year. As businesses and organizations look for reliable ways to fight fraud, especially with data breaches on the rise, one method that has gained in popularity is

Mexico has complicated financial sectors and regulations. There are four main regulators that have industry specific oversight responsibility. Those regulators are as follows: Comisión Nacional Bancaria y de Valores (CNBV)—National Banking and Securities Commission Comisión de Seguros y Fianzas (CNSF)—National Insurance and Surety Commission Comisión Nacional de Sistemas de Ahorro para el Retiro (CONSAR)—National Commission

According to the World Bank’s latest statistics, there are currently 2.5 billion people in the world who are unbanked, that is, without access to basic financial services like a bank account. While most of us typically associate the term “unbanked” with “poor,” research by Hernand de Soto, author of The Mystery of Capital, suggests that

On July 4, the Canadian federal government released updated proposed regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). The amendment includes significant changes to the anti-money laundering (AML) and combating the financing of terrorism (CFT) rules that aims to provide more flexibility for businesses offering financial services online by issuing

It’s nearly impossible to escape headlines about the increasing frequency, sophistication and magnitude of cyberattacks taking place around the world. Practically every industry is at risk, from government agencies and multinational banks to healthcare insurance companies and online merchants. International law firm Paul Hastings published a paper highlighting the critical cybersecurity issues faced by financial

In recent years, there has been an increase in both the frequency and the magnitude of fines imposed by financial regulators against banks for failing to comply with anti-money laundering (AML) and know your customer (KYC) rules. A common response to this disciplinary action by financial institutions is to reject or close the accounts of

As technology continues to advance, the way that many of us pay for everyday items is also keeping pace. The transition to chip-based credit card processing is well underway in the United States, only after it was introduced in Europe more than 20 years ago. In Europe and other parts of the world, EMV (Europay,

Nestled between the Atlantic Ocean and the Mediterranean Sea, Spain’s once booming economy has fallen on hard times in recent years. After the global recession in 2008, the Spanish economy shrank while unemployment levels grew, but the situation has been gradually recovering largely thanks to the country’s strong exports of goods and services. Another challenge

A high priority for the product team at Trulioo is to discover, design and implement new ways to improve GlobalGateway, our market-leading online identity verification (IDV) service. We frequently ask our clients how we can help meet their business needs, and one of the reoccurring themes is acquiring new data sources for increased match rates.