Category: Identity Verification

Read and learn about Identity Verification solutions and services with these articles and posts by Ekata, a Mastercard company.

Risk Assessment

Complementing AML risk assessment and KYC with identity insights

When it comes to fraud prevention in today’s ever-evolving global, digital economy, we argue that an AML risk assessment, along with traditional KYC compliance checks, should be considered just the starting point… and not the finish line. Article at a glance: AML risk assessment and KYC checks alone are insufficient in today’s digital economy, […]

9.20.2023

Synthetic Identity Fraud

5 AML measures that help counter synthetic identity fraud

The world of online fraud is continually growing and becoming more sophisticated. One key type of fraud that’s becoming increasingly prevalent is synthetic identity fraud. Its complex nature combines real and fake identity elements. Rather than simply stealing an identity or creating a completely fabricated identity, synthetic identity fraud uses elements of both genuine and […]

8.30.2023

Synthetic Identity Fraud

What is synthetic identity fraud and how does synthetic identity theft work?

5.18 billion – that’s the internet population of the world as of April 2023. Every day, billions of users access new digital services—from ordering food on their favorite app to digitally opening a bank account to purchasing a new pair of sneakers online. With over 64 percent of the world interacting online, the digital economy presents […]

8.23.2023

Synthetic Identity Theft

Uncovering synthetic identity theft with real-life cases and examples

As the fastest-growing financial crime in the United States, when it comes to synthetic identity fraud, we have had our finger on the pulse for some time; producing eBooks and blogs with the latest global statistics and best practices for preventing and detecting this nefarious behavior. However, when it comes to getting a solid grasp […]

8.16.2023

Synthetic Identity Fraud

How a probabilistic approach to Know Your Customer mitigates synthetic identity fraud

As synthetic identity fraud continues to surge across industries, in particular affecting financial institutions, it’s vital that we come together to make better, more accurate predictions of fraud risk, using a wider range of identity verification data. While Know Your Customer (KYC) processes are essential to ensure compliance, in particular protecting financial institutions against corruption, […]

8.7.2023

Synthetic Identity Fraud

The ultimate guide to detecting and preventing synthetic identity theft

What is synthetic identity theft? Synthetic identity theft is an insidious type of financial fraud that involves stealing a real person’s information, such as their government identity card or their date of birth and combining it with falsified personal information to create a new “synthetic” identity. The most common victims are children, the homeless and […]

8.3.2023

Identity Verification

Why you can’t rely on CPF checks for digital identity verification in Brazil

As the global economy’s transformation accelerates those that do not keep pace with this digitization will leave themselves vulnerable to fraudsters who are getting more sophisticated and taking advantage of those who are falling behind. Ironically, despite being recognized as the second most advanced country in the world by the World Bank in terms of […]

8.2.2023

Address Verification Services

Top 8 Features for Address Verification Services

Address verification services (AVS) are a necessity in the ecommerce world. Address verification service providers allow ecommerce businesses to verify the legitimacy of the customer by confirming that their address is accurate. Address verification services prevent fraud by confirming the validity of a customer’s address and noting any red flags. AVS is a process that […]

7.26.2023

Phone intelligence for identity verification

Digital Identity Verification

The importance of phone validation in digital identity verification

In today’s digital age, as the need to establish a strong digital identity verification platform grows by the minute, chances are you are already familiar with the process of phone validation. Simply put, it is a phone number identity verification process used to confirm that the phone number provided by a customer is valid and […]

5.31.2023