In version 1.24 of the IdentityMind platform, we introduced the concept of a risk and compliance dashboard. Our new dashboards were designed to help you improve operations by providing a quick overview of the operational aspects of the risk and compliance efforts that you are most focused on.
As the use of digital identities to assess the risk of a financial transaction grows, it is important to assess their value in business terms. However, communicating their value across an organization can be challenging, especially as that value changes from application to application.
For the past year, it’s been nearly impossible to read a fraud prevention or compliance article without “RegTech” and/or “Machine Learning” in it. In this article, we are going to talk about both; specifically, how the new version of IdentityMind’s platform helps deliver on the RegTech and machine learning promise.
Acquiring more customers and generating more revenue is the goal of all businesses. And, while the Internet has made this easier, not all sectors have moved forward at the same pace. For instance, ecommerce companies have led the charge, while Financial Services institutions are still catching up.
Two weeks ago we were granted a patent in our core technology, Electronic DNA™, eDNA™ for short, the engine behind the creation of Trusted Digital Identities. We are thrilled!