The importance of KYC in Financial Services
What is KYC and how can it help the financial sector? KYC technology stands for ‘Know Your Customer.’ KYC is an online security process whereby organisations gather information on the identity of their customers, ensuring government regulations around financial services aren’t being misused or breached. The ultimate objective of KYC in financial services is to […]
Customer Verification for Financial Institutions Using Mobile Numbers
The meaning of KYC is ‘Know Your Customer’. It’s the process of a business verifying the identity of its customers. KYC is most often used in financial services, and it has been around since 1882. We will highlight the benefits of mobile number and mobile device intelligence to use for verification for financial institutions. In […]
Cost optimization on A2P SMS delivery – The basics.
By Lucian Gheorghe, CTO at TMT Analysis. Despite not offering an A2P SMS termination service, TMT Analysis is nevertheless closely connected to the SMS industry. Every month we help route billions of SMS messages for our customers using the fastest and most accurate technology and data available. Over many years working in telecommunications technology I […]
How Can KYC Digital Verification Reduce Fraud for Financial Institutions?
It’s no secret that financial organisations face risks on a daily basis from the threat of fraud. In fact, it’s never been so important to have the right solutions in place to combat attacks from digital swindlers in particular. Making sure your business has the defences it needs to protect you from fraudulent apps, manipulated […]
The Importance of Mobile Number Data Intelligence in Customer Onboarding
70% of financial fraud involves identity theft where fraudsters pose as someone else. Over the last couple of years, businesses have had to change the way they operate. Unfortunately, so have fraudsters. As more people choose to conduct financial transactions online rather than in person, they’re doing so in increasing numbers on their mobile devices. […]
What can we expect from KYC verification technology in 2022?
In an economy that’s becoming increasingly global, financial institutions are now more vulnerable than ever before to criminal activity. Luckily, Know Your Customer / KYC verification technology solutions exist to protect financial institutions against fraud, corruption, money laundering, terrorist financing and many more other associated risks. What exactly is KYC? KYC involves several different steps […]
$68m lost to Sim Swap attacks in the U.S. in 2021.
By Neil Downing, VP of Identity Products at TMT Analysis The Dangers of Sim Swap Attacks There was an interesting announcement recently from none other than the FBI who said that US citizens lost more than $68 million to SIM Swap attacks 2021. Obviously as a company in the front-line of trying to fight this […]
4 Ways To Protect Yourself Against Sim Swap Fraud
No one is safe from Sim-Swap fraud. According to a study by Princeton University, four out of five SIM Swap fraud attempts are successful. Sim-Swap continues to be challenging to detect and prevent as fraudsters adapt new attack techniques. However, this does not mean there are no measures in place to protect yourself against fraud. This post […]
Mobile Number Verification Online: What Are the Benefits?
Imagine you get a slew of phone numbers, so you celebrate all of those new customers. But when you message them, the texts bounce. Mobile Phone number verification online can be a great way to filter out fake numbers and scammers. That way, you can know when you get new genuine customers. Read on to learn […]
The Scourge of Nuisance Calls
What Can Be Done About Nuisance Calls According to the latest data from GSMA Intelligence, there are 5.27 billion unique mobile phone users in the world today, an increase of 117 million over the past 12 months. Somewhat counterintuitive, the number of mobile subscriptions associated with smartphones has reached 6.4 billion accounting for nearly 4 […]
