Recent years have seen considerable evolution in the quantity and variety of data available to identify customers of financial institutions and assess their risks. Increasingly, an email address or customer device can provide better indicators of risk than a name or address. Yet in many countries the regulations on what can be used for customer identification have remained largely static for years, and many financial institutions have followed suit. By choice or necessity, the fintech space hasn’t stood still when it comes to customer verification and KYC.
In this session, experts from leading fintech firms and tech providers, including Socure Founder & CEO Johnny Ayers, explore innovation in KYC, including data sources beyond the same old, same old and new approaches to obtaining a “reasonable belief” of your customer identity. They’ll also provide guidance on criminal threats and emerging risk areas, including synthetic identities, pandemic fraud and transactions with unregulated fintechs.