Identity

PNC, GIACT® Launch New Identity Verification; Authentication Offering
Identity
PNC, GIACT® Launch New Identity Verification; Authentication Offering

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.

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GIACT Publishes Report Detailing the Increase in Insurance Claims Fraud and Latest Fraud Prevention Tactics
Identity
GIACT Publishes Report Detailing the Increase in Insurance Claims Fraud and Latest Fraud Prevention Tactics

GIACT Systems® – the leader in helping companies positively identify and authenticate customers – today issued a white paper, Beating Fraud, Beating Friction: How Insurers Slash Costs and Delight Policyholders with Payment Innovation, discussing how insurers can protect against fraud. The white paper explores the growth of insurance claims fraud as well as the risks and opportunities associated with insurers’ payment processes.

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Gaining Visibility into Identity Verification Blind Spots
Identity
Gaining Visibility into Identity Verification Blind Spots

As the methods of fraud become more sophisticated, the traditional tools and techniques used to verify identity have become less effective over time. Synthetic Identities have quickly emerged as an acute blind spot that resulting in unnecessarily high rates of application fraud and charge-offs. In order to successfully discern between fraudsters and legitimate customers, financial institutions must be able to bring a wide range of capabilities to bear as part of their identity verification workflows.

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Faster Payments Need Faster Identity Verification
Identity
Faster Payments Need Faster Identity Verification

It’s been said that faster payments lead to faster fraud, but what if identity verification and authentication technology become faster, too? More importantly: What if they become stronger?

According to David Barnhardt, CxO at GIACT, this is what must happen to thwart faster fraud.

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