Copy of Non-financial sectors spend $30.8bn on KYC │Shoppers warned of Black Friday scams
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Global KYC spend in non-financial sectors to rise by 140% in 5 years
A Jupiter payments study found that financial businesses are far from alone in needing to 'know their customer'.
Non-financial businesses worldwide have dedicated $30.8bn of spending in 2024 on installing KYC or KYB systems for fraud and revenue protection, with the forecast expected to grow rapidly to $52.9bn by 2029. …
Fake discount warning to shoppers ahead of Black Friday
Customers are warned to be wary of scams appearing over the Black Friday sale, as online retail experiences a perk before Christmas.
Phishing is not a new scam, but whilst sale discounts fill our inboxes, shoppers can be easily mistaken by fraudulent emails or text messages purporting to be from well-known brands. The emergence of fake discount sites …
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Identity Week Europe 2025 is returning to Amsterdam next June, and this is your invitation to secure your spot at the most anticipated event of the year for identity innovation!
On 17-18 June, join us at the RAI Amsterdam as we bring together the brightest minds from finance, travel, retail, and beyond to redefine the future of identity! Book your conference …
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Five areas the UK government believes should be prioritised for online safety
The government this week published a letter outlining its strategic priorities for online safety including identity technologies.
The five areas that the government believes require attention are safety by design, transparency and accountability, evolving regulation, inclusivity, and technology and innovation.
The impact that the digital landscape has on the economy and innovation motivates the government in ensuring that new …
Using biometrics and human judgement to eclipse ID forgeries. Lorraine Finlay examines cooperation.
We are seeing "cooperation" between international organisations, governments and private companies but "more needs to be done" to tackle human trafficking enabled by forgeries to identity documents.
Australian Human Rights Commissioner, Lorraine Finlay, calls for coordination to achieve the benefits of biometric technology and understand its limitations, where machine judgement could be better …
Sydney Airport goes passport free
Whilst the travel industry proclaims it could be a long time, decades even, until passports disappear, the Australian Border Force sees biometrics as a game changer combined with the Australia Travel declaration passenger card.
A trial recently commenced at Sydney Airport scanning the faces of employees, which allows passengers to clear …