Prove Launches Unified Authentication Solution with Passive, Persistent Customer Recognition

In this blog, we detail how the FDIC's new guidance, influenced by Prove's advocacy, allows banks to use pre-filled customer data for CIP. This change, empowering solutions like Prove Pre-fill®, significantly reduces friction, enhances security, and improves financial inclusion in digital banking by streamlining account opening and combating fraud.

The U.S. banking system is a conduit for transnational crime, with systemic failures in identity verification and a lack of oversight, enabling fraud and money laundering. Read Prove’s call to action for the financial industry.

Explore how the recently enacted GENIUS Act will shape the stablecoin industry's regulatory landscape, focusing on the crucial AML, CFT, and sanctions compliance details emerging from upcoming implementing regulations.