In the last two months of 2020, two-thirds of home buyers placed bids on properties without ever seeing the home in person. To operate in 2022, mortgage lenders increasingly rely on their online platforms to facilitate home buying and refinancing. While digital identity verification is critical to any online loan application, many mortgage lenders are considering how best to balance customer experience and risk.
GIACT, a Refinitiv company, today announced that it has added a global consumer and business identity verification solution, gIDENTIFY® Global, to its EPIC Platform. gIDENTIFY Global represents a significant advancement in global identity verification, allowing U.S. organizations to validate non-U.S. persons across 38 countries and businesses across 11 countries, respectively.
DALLAS — May 11, 2021 — GIACT®, the leader in helping companies positively identify and authenticate customers, today announced that Refinitiv’s acquisition of GIACT has been named Fintech Fraud Detection Deal of the Year 2021 winner by Mergers & Acquisitions.
Consumers continue to demand robust online and mobile channels for everything from enrollments to transacting and more. Firms must bolster their NAF prevention tools while simultaneously developing their digital service capabilities.
GIACT®, the leader in helping companies positively identify and authenticate customers, today announced a new report, U.S. Identity Theft: The Stark Reality, developed by Aite Group, and underwritten by GIACT, that uncovers the striking pervasiveness of identity theft perpetrated against U.S. consumers and tracks shifts in banking behaviors adopted as a result of the pandemic.
GIACT’s new report, U.S. Identity Theft: The Stark Reality, developed by Aite Group and underwritten by GIACT, uncovers the striking pervasiveness of identity fraud perpetrated against U.S. consumers, tracking pandemic-related shifts in banking behaviors.
Many consumers fear becoming victims of identity theft, and rightly so.
During the past two years, 47% of U.S. consumers have been victims of their identities being used to open some type of new account or file for benefits without their consent, or had an existing account taken over by a fraudster, with an estimated 42% increase in identity-related losses.
With the recent acquisition of GIACT, Refinitiv adds fraud prevention capability to its risk and compliance solutions, building a comprehensive platform to address fraud, identity theft, money laundering, and payment-related crime.
In this session, our panelists explore new and emerging trends in fraud, and how to identify and combat common vulnerabilities through a combination of advanced risk solutions.
GIACT’s new report, Understanding Account Takeover 2021, discusses the impact of account takeover (ATO) on more than one third (38%) of U.S. consumers.
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