Blogs

How to Avoid Bank Frauds Using Technology?

Want to know how to avoid bank frauds? 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 […]


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how to prevent bank frauds

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 Institution online. In this article, we will discuss the benefits of eIDs and streamlining cross-border transactions and how it can improve the client onboarding process. The […]


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How eID Verification

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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blockchain

What Is AML: DIRO’s Role In AML Compliance

Anti-money laundering (AML) is a set of laws, regulations, and proceedings that were made to prevent criminals, cyber attackers, and even businesses from disguising funds acquired using illegal methods as legal money.  Firstly, the illegal funds are covertly introduced into the legit financial system, then the money is moved around so the government and regulating […]


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AML Compliance

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