The PassFort team is excited to bring news of its acquisition by Moody's - as of today, PassFort is part of Moody's Analytics!
Delivering customer-friendly KYC can be a big differentiator in a competitive market. That means creating choice and convenience for customers with digital-only options for KYC journeys, while ensuring there's no compromise on achieving compliance.
No one needs us to tell you there has been an explosion of growth in digital-first and digital-only commerce. What I can help you with is how to drive customer acquisition in this digital world. Here are four ideas to start with.
Responding to increasing demands for digital-first and digital-only financial services, PassFort and Refinitiv have partnered to further automate KYC for Neobanks and challengers
One thing you should definitely know about biometrics is that they are now used everywhere, from opening a new bank account to opening an app to buy coffee. Perhaps it's time for your bank to get onboard with biometrics?
Automatically verifying someone's ID is the first building block in a digital customer onboarding process. It's a key part of KYC and AML due diligence. So, what do you need in the process and what should you look for in an automation tool??
While many Brits are unsure about the common UK digital identity - 53% feel badly informed about the topic. PassFort is calling on the banking industry to prioritise education of consumers, based on the findings of its recent research.
PassFort and Mitek forge a new partnership to create seamless compliance experiences through every stage of a customer's digital journey
There is no doubt there are big risks posed to consumers and merchants at ‘point of payment’. Simple errors of judgement can lead to real drama. Lost money, stolen identities, and confidence shattered. So, here's one suggestion to tackle the issue...
The UK government has been through a consultation process to make recommendations about how digital identities could be offered to citizens and how that could be controlled. Here's a brief explanation of The UK digital identity and attributes trust framework, and what's changed in the most recent version.
Summer came and went pretty fast, but it brought lots of excitement with it. PassFort was able to announce close of its Series A funding, we started scaling up the team, and we kept focus on delivering the best solution for our customers.
There have been several high-profile anti-money laundering failures in the UK and across the world. The cost of organised crime can be measured in dollars, of course, but is also impacts people's lives. Understanding the ownership structures of a business isn't as straightforward as it seems, but it is extremely important.