No-Cost KYC: How to Update Your 2022 Onboarding Roadmap
Although KYC is a critical step in the onboarding process for companies in regulated industries, it presents unique challenges. In our recent webinar entitled “No-Cost KYC: How to Update Your 2022 Onboarding Roadmap,” 35% of poll respondents said that being able to prove the actual identity of the person behind a new application or transaction was a top challenge, while 24% stated that confusing and cumbersome identity verification flows were a concern. To complicate matters further, companies frequently need to use a number of KYC/AML vendors in order to comply with KYC regulations.
Fortunately, new technology is making KYC processes simpler and more powerful. During the webinar, I spoke with Mary Ann Miller, Fraud & Cybercrime Executive Advisor at Prove, and Tim Brown, VP of Product at Prove, to learn about 2022 KYC trends such as:
- How new “one-stop onboarding” solutions are helping companies solve these pain points with KYC included at no additional cost.
- How bundling KYC with phone-centric identity verification techniques drives a safer, faster onboarding process that removes friction while fortifying security.
Interested in learning more about how no-cost KYC can optimize your 2022 onboarding roadmap? Watch the whole webinar on-demand here.
Keep reading
Read the article: Anatomy of an Account Takeover Attack: Analysis and Response PlanLearn practical strategies for handling identity verification API errors or no-match responses. Explore fallback methods and clear communication tactics to ensure a smooth, user-friendly experience.
Read the article: Prove Global Fraud Policy℠: A New, Adaptive Standard for Digital IdentityIntroducing the Global Fraud Policy (GFP), Prove’s new unified, adaptive fraud-defense engine that replaces fragmented, custom rules with a single, comprehensive policy that automatically updates as new threats emerge. This forward-looking framework helps businesses anticipate and respond to evolving threats like GenAI deepfakes, synthetic identities, and eSIM bots, protecting customers at scale.
.png)
Read the article: Passkey Syncing Fraud: The New Attack Vector Everyone Saw ComingPasskey syncing, a feature meant for convenience, has created a new security threat by allowing attackers to compromise cloud accounts and download victims' passkeys. Learn how this fraud happens and the steps consumers and businesses can take to protect high-risk accounts.
