Tag: digital identity
Face biometrics – first defence against identity fraud
Face biometrics provides a critical first line of technology defence against rising identity fraud. Identity fraud has surged, with impersonation fraud increasing by 356% from April 2022 to April 2023, according to Southern African Fraud Prevention Service (SAFPS).
Digital identity future trends
As essential services continue to digitise at an increasing rate, digital identity will remain central for businesses and governments. In many cases, digital identity is recognised as the first line of defense in protecting funds and data. As a result, business attitudes toward digital identity are evolving fast.
Identity platforms – safeguarding your online betting
Online betting in South Africa is a thriving business, expected to become a billion-dollar sector within four years. But there are risks, especially as the digital era makes it easy to forge identities. Betting companies must manage fraud risks and honour legislation, avoid financial and reputational damage, and continue investing in customer relationships.
Building a strong personal brand in the digital age
The world we live in has become a hyper-connected world, a strong personal brand is not just a nice-to-have; it’s an essential tool for professional growth and success. As the digital landscape continues to evolve, the way we present ourselves online can significantly impact our career opportunities, networking potential, and overall professional credibility.
Who is the UBO? – knowing is vital for any deal
Knowing who the ultimate beneficial owner (UBO) of an entity is before engaging in any type of business deal, is a critical task that is often overlooked. This is particularly true in today’s increasingly stringent regulatory environment, in which organisations are increasingly expected to understand who they are doing business with to help fight fraud.
Putting a face to digital identity
In a post-Covid world, where in-person contact has been drastically limited or eliminated, the need for digital identity onboarding is increasing exponentially.
Know Your Customer trends for 2022
The way customers are engaging in today's new digital world has changed and is still evolving rapidly. We use technology to open bank accounts, work online and buy products. Technologies empower people to behave differently, which has led to digital disruption and a much more empowered consumer.