Digital COVID Pass
Digital COVID Pass
Digital COVID Pass

The current situation of the coronavirus pandemic has gotten worse than what one could have expected a few months ago. New variants of the virus have come into existence that is causing more trouble for everyone. Given the rising numbers in Covid cases, many countries have imposed strict lockdown and travel has been banned too. Nobody is allowed to travel for recreational purposes. Moreover, public facilities have been directed to perform COVID test verification. The United Kingdom is suffering from the worst wave of the pandemic right now and the inhabitants have been guided to follow some strict rules. Apart…


Rapid digitisation and continuous advancements have led to many new trends and threats in different sectors of the world. After the distressing year 2020, everybody is hoping 2021 to be exhilarating. Among all other industries, the fintech sector has experienced remarkable growth over the years and trends for this year are surprising as well. Thanks to modern technology, trends for 2021 are all set to change the landscape of the industry.

What is fintech anyway? The term fintech is a combination of two words, finance and technology. The Fintech sector is aimed at providing better technological solutions for the finance…


Image for post
Image for post
Source: pixabay

The insurance industry has faced some drastic changes in 2020, with COVID-19 being the major highlight. Insurance companies were booming until the pandemic came like a wet blanket. According to Allianz, the combined value of premiums generated in 2019 was 3.906 trillion euros with a 4.4% growth rate. The insurance market giant, Lloyd’s made a massive $2.8 billion in the first half of 2019. …


Artificial Intelligence has totally changed the way enterprises carry out their operations. From remote customer onboarding to enhanced fraud prevention, AI has become increasingly popular in the market. Almost 37% of businesses incorporate artificial intelligence in meeting their daily needs, while the AI industry is expected to generate a revenue of $118 billion US dollars till 2025.

Businesses need to verify customer identity before associating ties with them, and the process needs to be secure and swift. Taking into account user satisfaction and overall turnaround time, AI provides remarkable results. …


Image for post
Image for post
AI-Powered solution for data breaches

With the advent of technology, there has been a significant change in our lives. Artificial intelligence, machine learning, and deep learning algorithms are bringing convenience to everyday processes. Businesses are streamlining processes and achieving higher productivity levels, but have you ever wondered about the convenience technology has brought to fraudsters’ life? It is surprisingly true that the majority of criminals are now using technology for achieving their goals as well. From account takeover to chargebacks and data breach, all the frauds are rapidly increasing. It is estimated that 71 percent of the breaches are motivated by financial desires. Hacking the…


Image for post
Image for post

The need for reliable verification solutions has increased with the imminent threat of cybercrime and data breaches. Potential vulnerabilities for a startup or business can result in significant capital loss and a compromised reputation in the market. In the COVID-struck era, online verification solutions have become the need of the hour. Biometric and facial verification are the two major options that are currently in use by enterprises for validating the identity of their customers.

Another rapidly evolving source of identification is Video KYC, which incorporates a live video interaction with the intended customer using identity documents. By verifying the digital…


Image for post
Image for post

Halloween is the single evening of the year when ghouls and phantoms openly roam the roads. Although in this fearless latest online world that we all hinder, monstrous stuff isn’t restricted to one night. Perhaps you’ve been forced to place your palm in pumpkin slush at a Halloween celebration. How about the one where an unknown obtains access to all your organization, monetary, and credential information in the wink of an eye? No? Impersonated as cyber threats, automated ghouls are present, standing back to attack their next victim. …


Image for post
Image for post

Identity verification of customers is the essence of a sound enterprise foundation. The conventional methods of identity verification are being outwitted by fraudsters and cyber-criminals. Due to the rapidly evolving technology in recent years, businesses are shifting to online verification services to reduce operational costs. The significance of customer identity verification is twofold: It validates the authenticity of the corporate’s clients which help prevent potential fraud, and it provides a good user experience by introducing intuitive and usability friendly services.

Apart from online identification, Video KYC solutions revamp online verification by fusing a video interactive setup, under the supervision of…


Image for post
Image for post

The revolutionizing crypto industry makes it possible for people to easily buy cryptocurrencies like Bitcoin and ether from the market. For this, most people would need a crypto exchange to buy the altcoins. The financial crimes are gaining ground in the cryptocurrency financial market and a wide range of illegal activities are conducted through them. From tax fraud to money laundering and terrorist funding to corruption, cryptocurrency’s complex infrastructure encapsulates fraudulent activities. From the global financial crime cost of $1.4–3.5 trillion a year, around $2 trillion is laundered.

Global regulatory authorities have identified this and therefore tightened the reins over…


Image for post
Image for post

An overwhelming majority of banks believe that most of the sales and operations have shifted from branches to the digital channels by 2020. Mobile and web applications, digital money transfers, etc. are most praised. The digital sales capabilities are getting stronger, end-to-end streamlined digital processes play an integral role in a sustainable digital environment for the banking industry. Digital banking stats predict that by 2024, the total number of online mobile banking users will exceed 3.6 billion.

Over the last few months, banks have witnessed abrupt challenges due to the COVID-19 outbreak. In the rapid adoption of innovative solutions for…

Emily Daniel

Emily is a tech writer, with expertise in entrepreneurship, and business marketing. She has a knack for technology, & loves to dig out the latest trends in AI.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store