May 31
2024
How to Enhance Fraud Detection with Identity Verification Platforms

Digital transactions are the driving force of today's economy. Today, anyone can transfer funds across the globe with a few clicks. This ease of fund transfer, while being beneficial, gives rise to financial crimes like money laundering and fraud. A report by the United Nations Office on Drugs and Crime projects the amount of money laundered across the globe each year is 2 - 5% of global GDP.