FINTRAC changes to strengthen Canada’s anti-money laundering (AML) and counter-terrorist financing (CTF) framework.
A digital identity verification provider specializes in verifying the identity of an individual through various means, such as biometric authentication, document verification, and database checks. They typically offer specialized solutions and may not have everything that you require.
Companies will be required to obtain explicit and meaningful consent from consumers before collecting, using or disclosing their personal information. This means that companies must be clear about what personal information they are collecting, how it will be used, and who it will be shared with.
The collection and use of personal information has become more prevalent than ever. With the rise of e-commerce, and online entertainment it is crucial to establish laws and regulations that protect consumers' personal information while ensuring that companies comply with ethical standards.
The bill is finally moving forward after a lot of concerns over how Chinese-owned app TikTok collects their data. Governments around the globe are banning the TikTok app from all government devices over data-collection concerns.
Real estate title fraud is a scam that occurs when the homeowner's identity is stolen in order to sell or refinance their home without their knowledge.
Mortgage fraud is becoming increasingly common in North America, notably in Canada. What is it, and how can it be a possibility? Mortgage fraud is knowingly falsifying information on legal documents and working with fraudulent people to make that happen.
Which is why, this year, IDVerifact integrated solutions from 21 industry leading partners onto the platform. Everything from KYC, AML, Fraud Detection, Biometrics, KYB, Data Cybersecurity, Consumer Consent, Automated Underwriting, and much more!
Technology advancements are impacting merchant banks' capacity to service and retain existing customers as well as recruit new customers.
As internet banking grows increasingly common in our daily lives, a hidden threat emerges, with fraudsters creating innovative ways to target your bank.