IDcentral

Broomfield, CO, USA
2019
  |  By Mohini Sahu
KYC is a set of regulations that financial institutions and other businesses must follow to verify the identity of their customers. It’s about understanding who you’re doing business with and assessing any potential risks. KYC compliance helps to.
  |  By IDcentral
Travel fraud is a growing concern within the industry, posing significant challenges to businesses and consumers alike. As travel becomes increasingly digital, the opportunities for fraudsters to exploit online transactions and reservations have also expanded. Research from global Edgar, Dunn & Company, on behalf of eNett, said in total, fraud costs the travel industry over $21 billion dollars annually, including $6 billion dollars in damages and $15 billion in overheads.
  |  By Mohini Sahu
The fight against money laundering and terrorist financing requires a united front, with financial institutions and large corporations playing a critical role. One key weapon in this arsenal? Politically Exposed Persons (PEP) screening. PEP screening identifies individuals with prominent public positions or close ties to them, who may be exposed to a higher risk of bribery, corruption, and other financial crimes due to their influence.
  |  By Mohini Sahu
Neobanks, which operate exclusively online without traditional physical branch networks, are facing an increasingly challenging landscape due to a significant rise in fraud cases. In recent years, financial institutions have reported a marked increase in fraudulent activities, with the average cost of fraud for institutions with assets over $5 billion rising by 65% from $2.3 million in 2022 to $3.8 million in 2023.
  |  By Mohini Sahu
Artificial intelligence (AI) is swiftly reshaping our reality, sparking innovation across diverse domains. Yet, amid this advancement lies a pressing issue: deepfakes. These ultra-authentic synthetic media pieces can alter videos or audio to fabricate instances where individuals seem to say or do things they never actually did.
  |  By IDcentral
In the modern digital landscape, the importance of document assessment and data extraction in ID verification processes cannot be overstated. These technologies are pivotal for businesses and organizations to ensure security, compliance, and efficient customer onboarding. With the rapid digitalization of services, from neobanks to telehealth, efficient and secure digital customer acquisition has become crucial.
  |  By IDcentral
In the rapidly evolving digital landscape, secure identity verification has emerged as a cornerstone of online security and trust. System integrators are at the forefront of deploying these solutions, ensuring that businesses can verify the identities of their users confidently. This blog delves into the strategic considerations and best practices for system integrators tasked with implementing these critical solutions.
  |  By IDcentral
The integration of ID document readers is transforming the KYC process by providing a swift and accurate method for scanning and authenticating identity documents such as passports and driver’s licenses. This technology enhances operational efficiency, reduces errors, and ensures a higher level of compliance and security across various industries .
  |  By IDcentral
In today’s rapidly digitalizing world, navigating the nuanced path of holistic identity verification is paramount for businesses aiming to strike the delicate balance between regulatory compliance, fraud prevention, and optimal customer experience. Insights from recent studies highlight the growing awareness and challenges surrounding generative AI technologies and deepfake detection among consumers, signalling an urgent need for advanced verification solutions.
  |  By IDcentral
In today’s fast-evolving digital landscape, the integration of cybersecurity measures into every facet of our digital lives has become not just a necessity but a critical safeguard. The seamless blend of physical and digital security mechanisms, facilitated by the adept hands of system integrators, is revolutionizing how we protect our digital identities.
  |  By IDcentral
Even as COVD-19 slammed the brakes on in-person interactions across the globe, it simultaneously accelerated the virtualization of working models. Everything that was online was accessible; anything that was not, lagged behind. In response, companies have raced to support and retain their customers by providing digital capabilities and online experience at a speed that was previously unimaginable. As the digital economy amplifies on a global level, seamless online transactions are penetrating communities all over the world. But with this, there is a growing threat of probable frauds too.

IDcentral enables the effective use of alternate sources of data to enable customer onboarding, verification, and deliver of identity analytics. Leveraging our relationships with carriers across the globe that spans over two decades, we have access to one of the largest repositories of data in the world. Our objective is to help organizations succeed in the digital era by the right use of technology to influence trust and customer experience.

Our Digital ID solution enables businesses to verify customer identities using alternate sources of data in real-time.

  • ID Cloud: A comprehensive identity repository enabling enterprises to convert attributes to digital identities.
  • ID Verification: Identity verification and authentication solutions based on phone number and alternate ID.
  • Identity Scoring: Data driven intelligence for a comprehensive behavioral score of your consumers.

Your one-stop-shop for Digital Identity solutions!