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Discover industry insights, deep dives, product updates, and more.

Read our external blog article: Prove Launches ProveX℠, the Internet’s First Digital Trust ExchangeRead our blog article: Prove Launches ProveX℠, the Internet’s First Digital Trust Exchange
Company News

Prove Launches ProveX℠, the Internet’s First Digital Trust Exchange

Prove launches ProveX, ProveX, a new digital trust exchange that enables enterprises to instantly access verified data and credentials from partners, while preserving trust through every interaction

Learn more about the author: Prove Launches ProveX℠, the Internet’s First Digital Trust Exchange
December 17, 2025

Latest blogs

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Shotgunning checksRead our blog article: Shotgunning Bad Checks: How Banks Can Protect ThemselvesShotgunning checksRead our external blog article: Shotgunning Bad Checks: How Banks Can Protect Themselves
Blog
Shotgunning Bad Checks: How Banks Can Protect Themselves
Shotgunning Bad Checks: How Banks Can Protect Themselves

Defrauding banks via ‘bad’ or ‘hot’ checks is less of an art form and more of a numbers game.

Mary Ann Miller
Learn more about the author: Shotgunning Bad Checks: How Banks Can Protect Themselves
February 24, 2022
AI in bankingRead our blog article: Prove SVP John Whaley on Tearsheet | The State of AI in Banking 2022AI in bankingRead our external blog article: Prove SVP John Whaley on Tearsheet | The State of AI in Banking 2022
Company News
Prove SVP John Whaley on Tearsheet | The State of AI in Banking 2022
Prove SVP John Whaley on Tearsheet | The State of AI in Banking 2022

John Whaley talks about the role of AI in the next generation of fraud prevention.

John Whaley
Learn more about the author: Prove SVP John Whaley on Tearsheet | The State of AI in Banking 2022
February 21, 2022
Fraud preventionRead our blog article: Prove’s John Greene on Marketplace Risk Podcast | “The Importance of Phones When it Comes to Reducing Fraud and Optimizing Onboarding”Fraud preventionRead our external blog article: Prove’s John Greene on Marketplace Risk Podcast | “The Importance of Phones When it Comes to Reducing Fraud and Optimizing Onboarding”
Company News
Prove’s John Greene on Marketplace Risk Podcast | “The Importance of Phones When it Comes to Reducing Fraud and Optimizing Onboarding”
Prove’s John Greene on Marketplace Risk Podcast | “The Importance of Phones When it Comes to Reducing Fraud and Optimizing Onboarding”

Listen to John Greene speak about the power of the phone-centric identity.

John Greene
Learn more about the author: Prove’s John Greene on Marketplace Risk Podcast | “The Importance of Phones When it Comes to Reducing Fraud and Optimizing Onboarding”
February 18, 2022
Black History Month BlogRead our blog article: This I BelieveBlack History Month BlogRead our external blog article: This I Believe
Culture
This I Believe
This I Believe

This Black History Month, Product Owner Moses Kasozi pays homage to the diversity of creators and problem solvers — a look back to the incredible innovations made by Black inventors throughout history.

Moses Kasozi
Learn more about the author: This I Believe
February 17, 2022
MFARead our blog article: How P2P Platforms Can Prevent Man-in-the-Middle Attacks with Advanced MFAMFARead our external blog article: How P2P Platforms Can Prevent Man-in-the-Middle Attacks with Advanced MFA
Blog
How P2P Platforms Can Prevent Man-in-the-Middle Attacks with Advanced MFA
How P2P Platforms Can Prevent Man-in-the-Middle Attacks with Advanced MFA

Here are four steps you can take today to fortify your company’s multi-factor authentication flow.

Prove
Learn more about the author: How P2P Platforms Can Prevent Man-in-the-Middle Attacks with Advanced MFA
February 17, 2022
Fraud preventionRead our blog article: Mary Ann Miller on FraudToday | What Financial Services Firms Can Do to Fight FraudFraud preventionRead our external blog article: Mary Ann Miller on FraudToday | What Financial Services Firms Can Do to Fight Fraud
Company News
Mary Ann Miller on FraudToday | What Financial Services Firms Can Do to Fight Fraud
Mary Ann Miller on FraudToday | What Financial Services Firms Can Do to Fight Fraud

As technology evolves, enterprises become more vulnerable to scams.

Mary Ann Miller
Learn more about the author: Mary Ann Miller on FraudToday | What Financial Services Firms Can Do to Fight Fraud
February 16, 2022
No-Cost KYCRead our blog article: No-Cost KYC: How to Update Your 2022 Onboarding RoadmapNo-Cost KYCRead our external blog article: No-Cost KYC: How to Update Your 2022 Onboarding Roadmap
Blog
No-Cost KYC: How to Update Your 2022 Onboarding Roadmap
No-Cost KYC: How to Update Your 2022 Onboarding Roadmap

Highlights from our “No-Cost KYC: How to Update Your 2022 Onboarding Roadmap” webinar.

Yuka Yoneda
Learn more about the author: No-Cost KYC: How to Update Your 2022 Onboarding Roadmap
February 15, 2022
5G & digital identityRead our blog article: Prove CEO Rodger Desai on Forbes | The Future Is Here: How 5G Is Revolutionizing Digital Identity5G & digital identityRead our external blog article: Prove CEO Rodger Desai on Forbes | The Future Is Here: How 5G Is Revolutionizing Digital Identity
Company News
Prove CEO Rodger Desai on Forbes | The Future Is Here: How 5G Is Revolutionizing Digital Identity
Prove CEO Rodger Desai on Forbes | The Future Is Here: How 5G Is Revolutionizing Digital Identity

Leaders in every industry need to stop thinking about 5G as merely another operating upgrade and start preparing for the revolutionary changes 5G will bring to everything from agriculture and urban planning to transportation and telemedicine.

Learn more about the author: Prove CEO Rodger Desai on Forbes | The Future Is Here: How 5G Is Revolutionizing Digital Identity
February 14, 2022
human traffickingRead our blog article: How Prove is Partnering with Banks and Law Enforcement to Fight Human Traffickinghuman traffickingRead our external blog article: How Prove is Partnering with Banks and Law Enforcement to Fight Human Trafficking
Company News
How Prove is Partnering with Banks and Law Enforcement to Fight Human Trafficking
How Prove is Partnering with Banks and Law Enforcement to Fight Human Trafficking

Prove and The Knoble, have formed a task force with thirty banks across the US and law enforcement to create a blueprint for ongoing change demonstrating how financial companies, technology providers, and law enforcement can partner for the ongoing identification and prevention of human trafficking.

Mary Ann Miller
Learn more about the author: How Prove is Partnering with Banks and Law Enforcement to Fight Human Trafficking
February 10, 2022
identity fraudRead our blog article: How FinTechs & Banks Can Battle Synthetic Identity Fraud, Bot Attacks, and Fake Accountsidentity fraudRead our external blog article: How FinTechs & Banks Can Battle Synthetic Identity Fraud, Bot Attacks, and Fake Accounts
Blog
How FinTechs & Banks Can Battle Synthetic Identity Fraud, Bot Attacks, and Fake Accounts
How FinTechs & Banks Can Battle Synthetic Identity Fraud, Bot Attacks, and Fake Accounts

Learn about how synthetic identity fraud, fake accounts, bot attacks, and “framing fraud” are impacting banks and FinTechs, as well as what they can do about it.

Yuka Yoneda
Learn more about the author: How FinTechs & Banks Can Battle Synthetic Identity Fraud, Bot Attacks, and Fake Accounts
February 8, 2022
Kaspi BankRead our blog article: Kazakhstan’s FinTech Giant – Kaspi BankKaspi BankRead our external blog article: Kazakhstan’s FinTech Giant – Kaspi Bank
Blog
Kazakhstan’s FinTech Giant – Kaspi Bank
Kazakhstan’s FinTech Giant – Kaspi Bank

Kaspi Bank, an Almaty-based intrepid service provider, is now making waves in the FinTech space following its overwhelming IPO success in 2020.

Prove
Learn more about the author: Kazakhstan’s FinTech Giant – Kaspi Bank
February 5, 2022
Islamic trade finance differs from the conventional trade finance system in a few significant ways. Islamic trade finance allows practitioners to finance trade transactions on either of the two models—credit or participation. The most important distinction is compliance with the Shari'a, a set of laws based on the Quran. These rules forbid the payment of interest on the credit extended, also known as riba. Considering that interest payment is one of the main attractions of lending, Shari’a limits the possibility of a common interest levied on transactions involving different countries. Consequently, each deal under the purview of Islamic trade finance must be approved by a board of scholars which offers an alternative to riba to facilitate such lending. Considering the imperative role trade financing plays in global growth and development and the number of countries with a vast Muslim population, Islamic banking and finance activities have tremendous potential to bolster the world economy. Accordingly, some international standards have been developed to ensure that Islamic trade finance can contribute to the global economy while adhering to the laws of the Quran. Components Of Islamic Trade Finance The Islamic trade finance ecosystem consists of a number of financial products and solutions that embrace the tenets of the Islamic holy book. The most frequently accessed instruments include contracts based on Murabahah, Musharakah, Wakalah, and Kafalah. Murabahah – In a Murabahah transaction, an Islamic bank can purchase goods or property as per the requirements of a customer and then sell at a mark-up profit. This is not an interest transaction, and neither is the bank extending a loan to the customer. It is simply the selling of goods to the customer with profit. The customer is given an option either to pay in one lump sum or by installments. Musharakah – Musharakah is a method that allows one to collect large amounts of capital to do business. In a Musharakah transaction, two or more individuals provide the capital for business, and they share the profit or loss. However, it is not necessary that all partners should participate directly in managing the business. Contracts following this technique are mostly used for import and export businesses. Wakalah – In a Wakalah contract, an Islamic bank acts as an intermediary for clients rather than as a direct participant in transactions. The bank is paid a pre-arranged fee or commission for its services instead of interest earned on the corpus. In this scenario, the customer must provide the bank with a deposit covering the total value of the traded goods. Kafalah – Kafalah works as a security for a loan or credit given to a person or a business enterprise. Such a contract is mostly leveraged for facilitating trade. It functions as a security for loans or credit extended to an individual or a business enterprise. Banks Engaged In Islamic Trade Finance Major banks such as Maybank Group Islamic Banking and the International Islamic Trade Finance Corporation (ITFC), part of the Islamic Development Bank Group, conduct their business in accordance with the Islamic trade finance norms. Maybank Islamic leads the domestic markets in Muslim countries such as Malaysia and offers Islamic financial services in the ASEAN region. It offers services in Indonesia, Singapore, Hong Kong, London, and Labuan as well. The ITFC was founded to advance trade among member states of the Organisation of Islamic Cooperation and is rated A1 by Moody's Investors Service, attesting to its integrity and creditworthiness. Since the Islamic banking and trade finance ecosystem strives for justice, transparency, inclusivity, and morality through its practices, the model is set to gain clout on a global platform. *Reports suggest that the industry—worth about $200 billion in 2003—is likely to touch the $4 trillion mark in the next decade, demonstrating its meteoric rise in the financial ecosystem. Islamic trade finance is stepping up to revitalize trade and unlock new opportunities in the years ahead with its secular nature and the willingness to offer services to customers across religious leanings. *Source: https://cocoainvest.com/4-misconceptions-about-islamic-finance/Read our blog article: Islamic Trade Finance In the New World OrderIslamic trade finance differs from the conventional trade finance system in a few significant ways. Islamic trade finance allows practitioners to finance trade transactions on either of the two models—credit or participation. The most important distinction is compliance with the Shari'a, a set of laws based on the Quran. These rules forbid the payment of interest on the credit extended, also known as riba. Considering that interest payment is one of the main attractions of lending, Shari’a limits the possibility of a common interest levied on transactions involving different countries. Consequently, each deal under the purview of Islamic trade finance must be approved by a board of scholars which offers an alternative to riba to facilitate such lending. Considering the imperative role trade financing plays in global growth and development and the number of countries with a vast Muslim population, Islamic banking and finance activities have tremendous potential to bolster the world economy. Accordingly, some international standards have been developed to ensure that Islamic trade finance can contribute to the global economy while adhering to the laws of the Quran. Components Of Islamic Trade Finance The Islamic trade finance ecosystem consists of a number of financial products and solutions that embrace the tenets of the Islamic holy book. The most frequently accessed instruments include contracts based on Murabahah, Musharakah, Wakalah, and Kafalah. Murabahah – In a Murabahah transaction, an Islamic bank can purchase goods or property as per the requirements of a customer and then sell at a mark-up profit. This is not an interest transaction, and neither is the bank extending a loan to the customer. It is simply the selling of goods to the customer with profit. The customer is given an option either to pay in one lump sum or by installments. Musharakah – Musharakah is a method that allows one to collect large amounts of capital to do business. In a Musharakah transaction, two or more individuals provide the capital for business, and they share the profit or loss. However, it is not necessary that all partners should participate directly in managing the business. Contracts following this technique are mostly used for import and export businesses. Wakalah – In a Wakalah contract, an Islamic bank acts as an intermediary for clients rather than as a direct participant in transactions. The bank is paid a pre-arranged fee or commission for its services instead of interest earned on the corpus. In this scenario, the customer must provide the bank with a deposit covering the total value of the traded goods. Kafalah – Kafalah works as a security for a loan or credit given to a person or a business enterprise. Such a contract is mostly leveraged for facilitating trade. It functions as a security for loans or credit extended to an individual or a business enterprise. Banks Engaged In Islamic Trade Finance Major banks such as Maybank Group Islamic Banking and the International Islamic Trade Finance Corporation (ITFC), part of the Islamic Development Bank Group, conduct their business in accordance with the Islamic trade finance norms. Maybank Islamic leads the domestic markets in Muslim countries such as Malaysia and offers Islamic financial services in the ASEAN region. It offers services in Indonesia, Singapore, Hong Kong, London, and Labuan as well. The ITFC was founded to advance trade among member states of the Organisation of Islamic Cooperation and is rated A1 by Moody's Investors Service, attesting to its integrity and creditworthiness. Since the Islamic banking and trade finance ecosystem strives for justice, transparency, inclusivity, and morality through its practices, the model is set to gain clout on a global platform. *Reports suggest that the industry—worth about $200 billion in 2003—is likely to touch the $4 trillion mark in the next decade, demonstrating its meteoric rise in the financial ecosystem. Islamic trade finance is stepping up to revitalize trade and unlock new opportunities in the years ahead with its secular nature and the willingness to offer services to customers across religious leanings. *Source: https://cocoainvest.com/4-misconceptions-about-islamic-finance/Read our external blog article: Islamic Trade Finance In the New World Order
Blog
Islamic Trade Finance In the New World Order
Islamic Trade Finance In the New World Order

Islamic trade finance differs from the conventional trade finance system in a few significant ways.

Prove
Learn more about the author: Islamic Trade Finance In the New World Order
February 5, 2022
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