How to Verify Bank Accounts For Merchants?

The finance industry is full of fraud every step of the way, and merchants’ bank account verification and customers are important. Businesses use some common practices to collect and verify bank account details. The method for verification for merchants’ bank accounts differs from business to business. There are multiple ways to verify bank accounts for […]

Best Practices for Remote Onboarding: Why Secure Onboarding Is Needed?

Financial institutions all over the globe operate under strict regulations to reduce money laundering and terrorist funding. Complying with global regulations like FATF and EU Anti-Money Laundering Regulations can help in identifying people on sanctioned and politically exposed person lists. Following up with the AML regulations requires huge sums of money from financial institutions. Not […]

5 Biggest Challenges Faced During Online Identity Verification Process

The whole idea of identity verification has grown past manually verifying each customer one at a time. Just like everything, online technologies have also improved the way the identity verification process works. Verification and management of online customer identities are more flexible than ever. Systems and solutions built especially for online identity verification are crucial […]

How to Avoid Bank Frauds Using Technology?

Want to know how to avoid bank fraud? Well, the first step is to follow the basic old-school step with a blend of technology. Fraud is a worldwide phenomenon that affects all multiple industries and can even have a severe impact on the economy of a country. Banks need to understand how to prevent bank […]

How eID Verification Improves Client Onboarding for Banks and FinTech

It can be very time-consuming for individuals or business owners to take time out of their day to visit banks when they prefer to interact with their Financial institutions online. In this article, we will discuss the benefits of eIDs and streamlining cross-border transactions and how they can improve the client onboarding process. The big […]

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 of fraud 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 transfers commonly known as ACH transactions […]

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, […]

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 […]

Technologies For Fighting Financial Crime

The digitization of the world has become the stepping stone of all kinds of online fraud, 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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