Blogs

How Do Mortgage Lenders Check & Verify Bank Statements?

If you seek a mortgage for buying a new home or for refurbishing, it has to be approved by a mortgage lender for you to get your loan. One of the major factors involved in loan approval is the verification of the borrower’s financial information, but how do mortgage lenders verify bank statements for loan […]


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how do mortgage lenders verify bank statements

Types of Bank Account Verification Methods & How DIRO Facilitates Account Verification?

Verifying a bank account is one of the most crucial parts of minimizing the risks for frauds and scams for a bank, financial organization, or FinTechs. With the technology growing at an incredible pace, ACH transactions are at an all-time high. Bank account verification is crucial during online funds transfer or commonly known as ACH […]


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types of bank account verification

5 Things That You Should Know About Digital ID Verification Service

As more and more online activities are growing, keeping our online identity, private data and ID verification has grown vital. Unfortunately, not all banks and financial institutions know everything there is to know about Digital identity verification. Digital ID verification is crucial in all kinds of online business operations. Knowing who your customer is before […]


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what is digital identity verification

Hollywood Actor Arrested By Feds In $227M Ponzi Scheme Including Netflix and HBO: Report by Deadline

A real-life story that can be a plot of a crime thriller where Netflix and HBO helped the FBI to bring to justice a scammer who scammed investors out of hundreds of millions of dollars.  Zachary Horwitz, who used the screen name “Zach Avery” was taken into custody by the FBI a few days ago, […]


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$ 227M Scam

Challenges In Establishing Trust In Growing Digital Banking Payment Systems Globally

As time spent online is growing at an exponential rate, the demand for digital services and solutions is at an all-time high. This demand for online services includes the banking sector as well. In the last few years, digital banking or online banking systems are growing rapidly and offering better and more effective solutions than […]


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trust in digital banking payment system

Technologies For Fighting Financial Crime

The digitization of the world has become the stepping stone of all kinds of online frauds, no matter how big or how small. Institutions of all kinds are trying their best to develop or make use of existing technologies that can help them fight all kinds of financial crime. Financial crime identification is as crucial […]


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technologies for fighting financial crime

How to Prevent Fraud in KYC/AML for Online Business?

Due to the digitization of the world, the interactions between businesses and consumers are on the rise. As businesses are switching to digital methods of transactions, commerce is becoming global instead of sticking to one particular region. With the rise of digital services, the problem of document verification and how to build trust among your […]


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kyc

Blockchain for Fraud Prevention: How Blockchain Works?

Blockchain technology has been around for a long time, and it is still growing. A lot of people wonder how does blockchain secure data and how blockchain works. Regardless of all its benefits, there are a lot of mixed feelings towards blockchain technology. It doesn’t matter how mixed the reviews of the technology are, the […]


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