DAC7 Compliance

The COVID-19 pandemic boosted the digital commerce space like never before. The gig economy also saw a boost as companies all over the world looked towards remote workers. The gig economy has always been outside the traditional norms of business. Allowing delivery drivers, vacation property owners, and similar businesses to avoid paying taxes on these […]

Application fraud

Let’s just agree on one thing – digitization has changed the financial sector for the good. No more waiting hours, no more visiting brick-and-mortar locations, and the ability to do things instantly. But, there’s a downside to doing everything digitally. Without face-to-face interaction, businesses become open to application fraud. As banks can’t see the person […]

Protecting Yourself from Holiday Shopping Fraud

The holiday season is upon us, with Black Friday and Cyber Monday just around the corner. As the festive shopping rush begins, it’s important to stay vigilant against potential fraudsters who are gearing up to exploit the season’s hustle and bustle with different holiday shopping fraud. Whether you’re a retailer hiring seasonal workers or a […]

Biometric Verification

Proving ourselves online has become a relatively recent problem. As the world becomes interconnected, it becomes harder to distinguish between legit users and people who imitate a legit user. Document verification and identity verification methods are essential when high-risk transactions are involved. ID verification and other similar methods have become necessary for the identity-proofing process. […]

Protecting Against Authorized Push Payment (APP) Fraud

As online transactions continue to surge across industries, concerns over authorized push payment (APP) fraud are growing among businesses worldwide. During the first half of 2022, APP fraud constituted a staggering 75% of all digital banking fraud. This type of fraud poses serious risks to both businesses and their customers, leading to financial losses, reputational […]

Five Key Fraud Management and Assessment Strategies

In today’s digital landscape, businesses with an online presence often encounter fraud or potential fraud. As cybercriminals employ advanced techniques like ‘synthetic identities,’ organizations seek comprehensive approaches to fraud and risk management. To effectively combat fraud, businesses are adopting holistic fraud risk management strategies. Fraud risk management entails evaluating fraud risks within an organization and […]

Top 5 Compliance Trends to Watch in 2023

In past years, the rising pressure for financial crime professionals, whether they work in AML, fraud prevention, or cybersecurity. It is getting harder and harder to keep up with growing compliances. For businesses looking to safeguard themselves from fraud, keeping up with compliance trends is crucial. Here are the top compliance trends to watch out […]

Why Are AI-Based Document Verification Solutions Becoming Weaker?

Artificial intelligence (AI) allows computers to make human-like decisions, making certain processes more efficient. AI technology has improved a lot in recent times and it powers a lot of things such as self-driving cars, and facial recognition. Recently, AI has been applied to online identity verification and online document verification solutions. While the incorporation of […]

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 […]

How DIRO is Changing the Online Document Verification Landscape?

The rise of digital banking services, ACH payment, and third-party payment providers has changed the face of banking. The needs of customers are an ever-changing concept and to facilitate those needs, the financial industry is trying to offer faster and more secure transactions. To enjoy the benefits that come along with digital banking transactions, banks […]

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