Who is Your Borrower in a Virtual World?March 08, 2013Regulations are murky in defining how banks should verify customer identity when a new customer opens an account or credit line through digital channels, but best practices are emerging to help banks with customer identity verification in those instances.
Lost or Stolen Identities Make Waves March 31, 2005Recent incidents involving Bank of America and ChoicePoint have stirred legislative response and self-examination by industry participants.
E-Trade Eases Funds Transfer April 27, 2004Online brokerage uses instant account verification software from Yodlee to make process simpler and in real time.
The USA Patriot Act: Can Your Money Laundering Detection Software Keep Pace?March 04, 2002When Congress passed the USA Patriot Act in October 2001, it came with a host of new anti-laundering provisions with which financial institutions (FIs) must now comply. But that's not all it included. Within the fine print are new definitions of what types
