FinTech – Global Intelligence Blog

December 14, 2018January 2, 2019 Melissa UK Team

Fintech Connect 2018

Promising to be Europe’s most exciting fintech trade show, there was a real buzz surrounding Fintech Connect. The team had high hopes and we were not disappointed – Fintech Connect was a fantastic two days and we had a great time meeting other exhibitors and talking to a number of individuals about all things KYC and AML. Day 1 was…

November 16, 2018November 16, 2018 Author eIDV, FinTech, Identity Resolution, United Kingdom

Electronic Identity Verification Reduces Ecommerce Fraud by 90%

Ecommerce companies never seem to get ahead of sneaky fraudsters. Z1 Motorsports was no exception. Even after adopting an intensive 7-minute process to verify its customers, the company still suffered annual losses of $250,000, plus labor costs. Z1 realized something needed to be done - the automotive parts retailer called on Melissa for help with digital identity verification. After just one…

November 15, 2018November 15, 2018 Melissa Team Digital Identity Verification, eIDV, FinTech, Global ID Verification, Personator, Personator World

OFAC and KYC Loom Large for Financial Institutions

In the alphabet soup of government agencies, OFAC looms large for financial institutions. Sometimes considered one of “the most powerful yet unknown" government agencies, the Office of Foreign Assets Control—a part of the Treasury Department—enforces economic and trade sanctions in support of U.S. national security and foreign policy. Simply put, many bad actors attempt to realize their plans via financial…

June 12, 2018June 1, 2018 Melissa Team Data Quality, FinTech

Melissa and Scanovate Form Strategic Partnership for Mobile Identity Management

Dynamic Platform Integrates Melissa’s Real-Time Data Quality to Validate Customer Data for KYC, AML Compliance Ramat-Gan, ISRAEL and Rancho Santa Margarita, CALIF – June 12, 2018 – Melissa, a leading provider of global contact data quality and identity verification solutions, today announced its strategic partnership with Scanovate, a digital identity management platform bringing dynamic, real-time tools to compliance initiatives. Scanovate empowers…

June 6, 2018June 6, 2018 Melissa Team EIV, FinTech, Global ID Verification, Identity Resolution

Exploring the Necessary Steps for KYC Compliance

All businesses want to “know” their customers, right? After all, what you don’t know about consumers can definitely hurt you in lost sales, hindered growth, and impaired customer loyalty. But for some industries—in particular the financial services, banking, and securities businesses—the phrase “know your customer” (KYC) means more than just good business. It’s required by regulators and government entities to…

May 24, 2018 Melissa Team FinTech, Identity Resolution, News & Events

Melissa Features KYC Tools, Services, Partnerships at #Money2020Europe

Demos Highlight Strategies for 360 Degree Customer View to Prevent Fraud and Drive Anti-Money Laundering Initiatives Melissa, a leading provider of global contact data quality and identity verification solutions, today announced its comprehensive global intelligence solutions integrate seamlessly into banking operations, enabling a 360 degree view of the customer in real-time. Melissa will feature its tools and services for identity resolution,…

May 1, 2017 Blog Administrator Analyzing Data, Analyzing Data Quality, Big Data, Data Cleansing, Data Governance, Data Integration, Data Management, Data Matching, Data Migration, Data Profiling, Data Quality, Data Warehouse, FinTech, Identity Resolution

Know Your Customer Compliance Boosted by Tech Innovations

Fintech breakthroughs that identify,validate and augment customer data help financial services organizations head off fraud, operate within the rulesOne of the most pressing issues facing the financial services industry today is the prevailing emphasis on security and fraud prevention. Big data and analytics are leveraging the power of the Internet, but also offering big, juicy plums for hackers, credit card…