Resources

Downloadable identity verification whitepapers, case studies and more.

A Guide for Financial Institutions: Augmenting AML With eIDV    

Thanks to developments in modern technology, it has never been easier to move money around the globe. As a result, it has also never been more difficult to combat money laundering, which is currently happening at a near unprecedented scale. The United Nations Office on Drugs and Crime estimates that as much as $2 trillion is laundered globally each year. This represents 5% of the global GDP.  

Money laundering is conducted by the largest criminal organizations in the world, people who engage in Illegal arms sales, smuggling, drug, and human trafficking, embezzlement, terrorism, and other large-scale illegal activities that result in huge, ill-gotten profits. These criminals are experts at what they do, which is why financial institutions need to become experts at how to detect and stop money laundering in its tracks. 

Download our guide and learn how Global Data Consortium’s Worldview platform can assist financial institutions in protecting themselves from money laundering bad actors both now and in the future as well.  

Resources

Downloadable identity verification whitepapers, case studies and more.

Buy Now, Pay Later Firms Significantly Reduce Response Times While Boosting Marketplace Positions With GDC    

Through another year of economic uncertainty, we’ve seen BNPLs continue to provide financial flexibility to consumers. In 2020, BNPLs accounted for 2.1% – $97B – of all global e-commerce transactions.  

BNPLs are not only struggling with the always-present issue of fraud, but also to verify the identities of their most engaged user base, millennials. GDC’s eIDV solution can help increase the onboarding percentage of often thin-filed millennials and reduce fraud allowing for more trustworthy transactions.  

Download the report to learn how GDC can help you increase your BNPL onboarding rates and reduce fraud.   

Resources

Downloadable identity verification whitepapers, case studies and more.

What to consider before investing in eIDV    

 

Electronic Identity Verification (eIDV) is a proven approach for eliminating customer dropouts in the onboarding process—but how should companies choose which solution to use?

Companies need to consider multiple factors before adding a new layer to their onboarding process. What’s the total cost? Is the data used in compliance with Know-Your-Client (KYC) regulations? And then there’s the most important question: will it actually help the company keep new customers in the onboarding funnel?

In this article, we want to help fintechs understand how to choose an eIDV solution. We’ll explore why companies might find it hard to adopt a new solution, what they should know going into the process, and how they can measure the new onboarding process to ensure it lives up to its investment.

Download the report to learn what to consider before investing in eIDV.