What is a Data Breach? All You Need to Know

Data breaches have become incredibly common in recent years and they keep businesses on their toes. Businesses need to know what a data breach is, how to prevent it and keep sensitive information safe. In this guide, we’ll dive deep into what is a data breach and tips to prevent it. What is a Data […]

Financial Fraud and How It Works?

Financial fraud, as the name suggests, is a major issue that causes businesses to lose billions every year. According to the Association of Certified Fraud Examiners, companies lose about 5% of their yearly earnings due to fraud. For individuals, there’s a grave concern, as financial fraud cost individuals almost $8.8 billion in 2022. That’s a […]

What’s Next for US & Canada in Open Banking?

Open Banking is an ever-changing industry. Financial institutions can benefit greatly from implementing open banking solutions. Several things are afoot in the open banking industry. On October 22, the US Consumer Financial Protection Bureau (CFPB) released the first-ever open banking rule, and the same day, a lawsuit was filed challenging the rule. Open banking regulations […]

Passport Verification Online: The Ultimate Guide

Online document verification has simplified document verification significantly. This convenience also includes verifying your passport online. Whether it’s travel, finance, healthcare, or government services, verifying your passport online can enhance security, compliance, and trust. In this guide, we will explore the complexities of online passport verification. We will also discuss the benefits of digital verification, […]

Cyber Laundering and Cyberterrorism: A Comprehensive Analysis

In our increasingly digitized world, the landscape of financial crime has transformed dramatically. Criminals have adapted to technological advances, giving rise to two particularly nefarious activities: cyber laundering and cyberterrorism. These emerging threats demand urgent attention and a thorough understanding not only from law enforcement agencies but also from financial institutions and regulatory bodies. This […]

Why are Big Firms Investing in Audit Technology?

Corporate fraud continues to undermine the integrity of our financial systems, so major auditing firms are amplifying their efforts to combat this pressing issue. Organized crime costs organizations millions monthly, and audit firms and balance audit confirmation tools are the only solutions left. In this blog, we’ll explore all the latest trends driving big companies’ […]

Step-by-Step Guide to Address Parsing

Address parsing is used to break down a postal code into its smaller components – street name, building number, city, state, and postal code. With Address Parsing, businesses can analyze, optimize, and store address data easier. It helps in extracting structured data from semi-structured address data. In this guide, we’ll cover everything you need to […]

Driver’s License Verification

One widely used method of customer onboarding verification is driver’s license verification. Organizations use DL verification, as the license includes information such as name, address, date of birth, and a photograph. But how do organizations validate if a driver’s license is legitimate or not? This article will explore what driver’s license verification is, how it […]

Address Verification Best Practices: A Guide to Getting It Right Every Time

In today’s digital-first world, where eCommerce, banking, and even healthcare services are rapidly going online, accurate address data is more critical than ever. From ensuring successful package deliveries to preventing fraud, verifying addresses has become essential to many industries. However, address verification is not as simple as matching a ZIP code with a street. With […]

What is Loan Fraud Definition? – Steps to Avoid It

Loan fraud is one of the most common fraud types, it involves practices that aim to secure loans using false information or secure a loan with a plan not to pay. Fraudsters intentionally misrepresent their financial situation or the purpose of a loan to obtain funds they are not entitled to receive. This is achieved […]

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