Banking

This blog explores how a recent FinCEN ruling allows financial institutions to collect your taxpayer identification number (TIN) from a trusted third party, streamlining the digital account opening process while maintaining strong identity verification and enhancing customer trust.

Prove's partnership with FNBO modernizes customer onboarding by leveraging the Prove Pre-Fill identity verification solution to create a seamless, secure, and digital-first experience for co-branded cards.

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.

Discover how sponsor banks can navigate increased scrutiny in the Banking-as-a-Service (BaaS) landscape. Learn strategies to ensure compliance, mitigate risks, and foster sustainable growth in this evolving era.

Learn how the convergence of physical and digital tactics is also evident in the rise of mail theft and check washing.

Learn what check fraud is, how it works, and how banks are using innovative ways to eliminate check fraud activity.

This blog post discusses the ongoing issue of check fraud in 2025, highlighting its impact on financial institutions and customers, and explores how technology-driven solutions like AI and automation can help prevent it.

Phone-Centric Identity™, also known as Mobile Identity, Device Intelligence, or Phone Intelligence, refers to technology that leverages and analyzes mobile, telecom, and other signals for the purposes of identity verification, identity authentication, and fraud prevention.

Application fraud occurs when an applicant submits inaccurate information to a creditor, property manager, or any entity relying on personal data for customer approval.

Cryptocurrencies, originally hailed for their potential to revolutionize finance, have unfortunately become a breeding ground for a variety of scams.