Category: Financial Services

Read and learn about KYC, AML, fraud prevention and identity verification in the Financial Services industry with the following articles and posts by Ekata, a Mastercard company.

Identity Verification

When identity verification becomes a double-edged sword

Why digitalizing financial services is key to preventing synthetic identity fraud, attracting the next generation of consumers and staying in business.

8.28.2023

Balancing Customer Experience and Fraud Prevention

Mastercard

Understanding DORA’s vision for a resilient financial network

The Digital Operational Resilience Act (DORA) was not written with the solutions of a global payment network in mind. One look at its regulatory provisions suggests it might as well have been. The suggestion is not for a payment network to shoulder DORA compliance on behalf of financial entities operating within its network. That would be a […]

8.14.2023

Address Verification Service

Why an address verification service is for payment providers and banks

As we have outlined in previous blogs, both address verification service (AVS) and address validation service are vital to any business that serves customers online, regardless of industry. Indeed, risky addresses cause havoc due to the high costs of fraud, order reprocessing, customer service hours, customer loyalty and more. For banks, payment processors and other […]

7.19.2023

Manual Review

Financial services in APAC and SEA: Reviewing (and optimising!) manual review.

Asia Pacific (APAC) has the highest-growing fintech industry in the world with some of the biggest players in the region. Despite over 41% of the top 100 global fintech innovators originating from the region, when it comes to digital transformation and technology adoption, financial service institutions across APAC are still very much in the incremental stage. This is especially the case […]

6.5.2023

Digital Identity Verification

Your complete guide to digital identity verification

As our daily lives move more online, small, medium and large companies are constantly bombarded with fraud threats. As lifestyle trends change and adapt, companies need to match the digital landscape to keep their businesses safe. Digital identity verification is one key line of defense for those conducting business online. Solutions for this task are […]

5.8.2023

Ekata

Digital Account Opening is Where the Competition Starts

Original authors are Trenton Spratling, Global Account Director at Ekata, and Wendy Hokanson, Global Head of the Financial Services Market Segment at Ekata Looking back in the last year, there were definitely a lot of changes that were attributed to the pandemic. Yes, the pandemic may have accelerated certain industries and certain behaviors but that […]

6.17.2021

Ekata

Ekata Executive Series, Part III: Is Fintech Facing an Existential Threat or Momentum to Innovate?

Welcome to Ekata’s Executive Series. In this series, our CEO Rob Eleveld will be outlining the dynamics we see developing in the global identity verification (IDV) market and highlight Ekata’s response to continuous market demands. Today, we write in response specifically to a recent report on the existential threat facing the future of the fintech […]

12.15.2020

Ekata

The Importance of Online Lending Decisioning Platforms

As the online lending landscape continues to evolve, the way lenders handle risk management is changing. In the face of pervasive fraud attempts, more online lenders are realizing the critical need for innovative online lending decisioning platforms that examine risk from every angle. Decisioning Platforms in Online Lending Staying ahead of fraud means leveraging data […]

1.31.2018