We’re excited to announce that Incode has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Identity Verification—the first-ever edition of this highly anticipated report. Incode was recognized as a Leader among more than 11 evaluated vendors in the IDV space. This recognition sets a new benchmark for what businesses should expect from providers […]
Don’t get caught in noncompliance: Understand the new AML/CFT requirements for investment advisers Diversification is the rule of thumb when it comes to making sound investments. Now FinCEN, the U.S. financial crimes watchdog, is following that same advice when it comes to mandating anti-money laundering (AML) protections under the Bank Secrecy Act (BSA). Making good […]
In recent years, facial recognition technology (FRT) has become an important tool for many online businesses seeking a relatively low-friction means of verifying or reverifying a person’s age or identity. All a user needs to do is upload a selfie, and in seconds the technology does the rest — analyzing the image and comparing it […]
Some products or activities are legally age-restricted. But with the Internet being such an open environment, can asking whether a user is over a certain age truly be enough to verify that they may access a website? Implementing an age verification system is the best way for businesses to ensure they do not sell goods […]
Regulatory compliance is the process of following (or complying) with laws, regulations, standards, and other rules set forth by governments. Adhering to these laws is extremely crucial for businesses to avoid legal issues and create a trustworthy business environment. Key regulations impacting various industries include GDPR for data protection, SOX for financial reporting, and HIPAA […]
To identify customers, businesses use Know Your Customer (KYC) verification. In both the financial services industry and other specific industries, this is a crucial step in protecting customers. By verifying a customer’s identity through KYC documents, companies ensure they are dealing with legitimate clients and comply with regulatory requirements. When implemented, KYC practices help build […]
If your business is looking to take a step toward safety and comply with regulatory laws, understanding and implementing document verification is essential. Document verification is the process used to ensure that any document submitted by your customers is authentic and has not been tampered with. This is a crucial step in onboarding new customers […]
Money laundering is a major challenge for global financial integrity, as it enables criminals to hide the source of illegal funds through complex financial actions. Understanding the money laundering stages is crucial for institutions and regulators to combat financial crime and maintain system integrity. This knowledge aids in identifying illicit activities and ensuring compliance with […]
Payment Fraud: What is It & How to Prevent it? Payment fraud refers to illicit activities where unauthorized transactions are conducted using stolen financial information, posing significant risks to businesses and consumers alike. Even with proactive measures in place, businesses may still fall victim to payment fraud. Understanding the various types of fraud and their […]
Customer identity verification is a critical process that enables businesses to authenticate the identity of their customers, thereby protecting against fraud and adhering to legal requirements. This process is vital for maintaining security and trust in digital transactions. Due to the rise in online transactions and the increasing sophistication of cyber threats, this is more […]
Identity fraud is the use of stolen information to commit crimes, such as making unauthorized purchases, opening fraudulent accounts, or obtaining loans. In this blog, we will explore examples of both, how you could be at risk, and the steps you can take to protect yourself. What is Identity Fraud? Identity fraud is using another […]
The ability to immediately receive alcohol, tobacco and, to a lesser degree, marijuana products at your home, is a niche but growing segment of the delivery industry. Yet, the ease of ordering belies a morass of complicated state regulations when it comes to who can use and purchase products that can carry conflicting age limits. […]
We’re thrilled to share some fantastic news – MetaMap is now part of the Incode family! This exciting development is more than just a business move; it’s a significant step forward in our mission to lead the future of identity verification and build a smarter, larger trust network. Why This Matters As AI-fueled fraud gains […]
In today’s increasingly digital world, children and teens regularly access the internet to connect with their friends, make purchases, find information, and simply have fun. But while digitization brings many benefits, it also brings risk: That age-restricted goods, content, or services could fall into the hands of users who are too young for them. This […]
Age verification, as a concept, is nothing new. Federal and state governments have long required businesses selling certain age-restricted products, services, and content to verify a person’s age in order to prevent children and teens from accessing things they legally are not allowed to access. The process for doing so at brick-and-mortar retailers has long […]
The world of finance is attractive to those with a criminal mindset. The potential gains are significant enough to motivate the use of unlawful techniques ranging from simple tax evasion all the way to money laundering and cybercrime. Structuring—a money laundering practice—is one such tactic, and has been gaining traction in recent years. Along with […]
When it comes to money laundering, criminals are particularly resourceful, refining their techniques to make them increasingly complex and hard to detect. Smurfing (meaning breaking up a large amount of money into smaller sums) is one of these ingenious fraudulent operations. And it excels at flying under the radar, rarely triggering alerts for suspicious transactions. […]
Businesses aiming to combat money laundering and terrorist financing must adhere to regulatory requirements like Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines. Enhanced Due Diligence (EDD) serves as an advanced level of scrutiny beyond standard due diligence, particularly in higher-risk scenarios where standard measures may fall short. As a business owner navigating complex […]
Have you ever heard of the term “politically exposed persons” (PEPs)? These are individuals who hold significant roles in government or government-related organizations. But what exactly does this mean, and why should we care? Well – they have access to a lot of power and money, which can sometimes attract the wrong kind of attention, […]
Thanks to the rapid development and dissemination of generative AI tools, deepfakes have gone from being a curiosity and entertaining gimmick to being a real problem — especially in the field of identity verification. While in the past, creating a deepfake required expertise in data science and photo (or video) manipulation techniques, today anyone can […]
Incode converts good users and stops the bad with the technology and performance to back it up Walking the line isn’t just for Johnny Cash. When it comes to compliance, it’s also the most cost-effective way. Circumvented identity processes rolled out the red carpet for $38 billion in attempted and actual fraudulent activity at banks […]
Though it contains the same basic information as a standard passport, the biometric passport (or e-passport) goes much further, representing a more advanced form of identification. Thanks to an integrated RFID chip, it can hold much more information while delivering optimal levels of security and privacy. Convenient and reliable, these newer-generation documents provide an efficient […]
Credit card fraud has been an increasingly prevalent issue. In fact, the U.S. Federal Trade Commission (FTC) has classified it as the most common form of identity theft in the country. Even the most vigilant credit and debit card bearers can have their information stolen and their cards used to make unauthorized purchases or get […]
When it comes to identity verification and authentication solutions, having proof of your physical address can play a pivotal role in ensuring the security of digital transactions. Whether it’s verifying the identity of customers during online purchases or authenticating users accessing sensitive information on digital platforms, proofs of address serve as a cornerstone of trust. […]
On the first day of RSA Conference 2024, Incode proudly unveiled its latest cybersecurity solution, Incode Workforce, capturing the attention of industry leaders and cybersecurity experts. This innovative product stands out for its robust approach to combating identity-based fraud and streamlining user authentication across corporate environments. Addressing the Growing Challenge of Identity-Based Fraud With an […]
What is Enhanced Due Diligence (EDD) & Why is it Important? Businesses aiming to combat money laundering and terrorist financing must adhere to regulatory requirements like Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines. Enhanced Due Diligence (EDD) serves as an advanced level of scrutiny beyond standard due diligence, particularly in higher-risk scenarios where […]
You can’t believe what you’re seeing? Well, you probably shouldn’t. Even a video of someone is no longer guaranteed to be real, as “synthetic media” with malicious intent now abounds on the Internet. These deepfakes portray celebrities, politicians, and influential people in eerily credible media content, leveraging their authority… but they hardly stop there. What […]
As e-commerce continues to grow, with a monthly average of $663 billion spent on retail in the first half of 2023 and 13.8% coming from online sales in the US, the need for seamless transaction processes becomes increasingly vital. Despite the convenience and time-saving benefits that attract 67% of consumers to shop online, Mexican businesses […]
How do we keep kids safe online? This question is especially important since many kids don’t have traditional IDs, making it tough to verify their age accurately. Thankfully, advanced AI algorithms offer a new solution: age estimation through a quick selfie. We’re proud to share that Incode played a significant role in a major study […]
We are proud to announce that Incode has been recognized as a leader in the G2 Grid for Identity Verification (IDV). This prestigious recognition is a testament to our unwavering commitment to providing top-notch identity verification solutions that not only enhance user experience but also play a crucial role in stopping fraud. A G2 Grid […]
Business owners juggle a multitude of responsibilities, from managing finances to overseeing operations, and among these tasks lies the crucial duty of identifying and verifying Ultimate Beneficial Owners (UBOs). This step ensures greater accountability, avoids and prevents illegal activities such as money laundering, and helps businesses comply with regulations. We’ll explore UBO’s meaning, different legal […]
Every company is responsible for complying with various regulations to ensure the safety of the entity. Specifically, companies across different industries have rules called Anti-Money Laundering (AML) regulations. You can think of these rules as security measures to prevent criminals from using companies for illegal activities – such as hiding their money. One key part […]
In the online world, your digital identity is like your personal ID card. It’s how computers recognize you among millions of users. Just like how you recognize friends by their faces, computers use passwords or IP addresses to know who’s who. Each person has their own digital profile, with details and permissions stored safely. Whether […]
In the quest to empower a world of trust, Incode has been at the forefront of innovation in digital identity solutions. Today, we’re excited to announce a significant leap forward with the launch of Incode ID for businesses along with a general rollout of the new enhanced user experience. Building on its success piloting Fan […]
But we are sure that by the time it gets here, it’ll be too late to start protecting your data, your transactions, and your business. An effective quantum-resistant response will entail automated verification and portable identity solutions for every vertical from the public sector to gaming. Fast integration is imperative because the threat is here, […]
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