2024 Snapshot:
Five Trends
Reshaping
Digital Identity
Many organizations find themselves so focused on the race against
immediate change, they have little opportunity to consider what the
next month or coming year might hold. The “Five Trends Reshaping
Digital Identity in 2024” report can help.
It’s a guide to help organizations navigate this year’s dynamic
identity landscape, delivering the flexible tools to wield a resilient
verification strategy for the present while keeping an eye on the
horizon and preparing for inevitable change.
Digital identity, the tools to verify it and the
threats against it continually evolve on the global
economic stage.
Read the report for a deep dive into 2024’s digital identity trends.
The world’s
identity
platform.
Trulioo is the world’s identity platform, trusted by leading
companies for their verification needs. The Trulioo integrated,
automated platform provides unparalleled global coverage
for business and person verification and a comprehensive
suite of in-house capabilities.
Combining its state-of-the-art technology with expert verification
knowledge across diverse markets, Trulioo enables the highest
verification assurance levels, optimizing onboarding costs and
fostering trust and security in the global digital economy.
Trulioo is a registered trademark of Trulioo Information Services Inc. in the United States, the European Union,
Canada and other countries.
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A verification partner that delivers a network of
issuers through one contract and one integration can
enable enterprises to see past the clutter and focus
on delivering their services to anyone in the world.”
Digital IDs offer consumers security, convenience and
connection in a digital world. However, as regulatory
developments and technological advances drive digital ID
expansion, organizations can face complex contracting
and integration challenges.
Digital IDs
Business
Identity Theft
Steve Munford, Chief Executive Officer, Trulioo
Deepfake technology, powered by generative AI, now holds a
prominent place in the fraud arsenal. The report analyzes how
fraudsters employ AI tactics to target consumers and explores
how a mix of onboarding tools can counter those threats.
“A partner with a full suite of in-house verification capabilities
through a single platform, combined with a network of global
data sources and local expertise, gives organizations the
agility to precisely adjust to any onboarding challenge or threat
anywhere in the world,” Lonas said.
Fraudsters’ Affinity
for Artificial
Intelligence
Business identity theft is reality for organizations around the
world. A Trulioo survey, for instance, revealed that 79% of
responding companies have experienced it. But it’s a
vulnerable adversary.
“Business verification with automation and layered capabilities
that integrate KYB and KYC through a single, flexible workflow
can give organizations onboarding speed and high assurance
they’re keeping business identity theft at bay,” Trulioo Chief
Technology Officer Hal Lonas said in the report.
79%
79% of companies have experienced business
identity theft, according to global survey
Global companies are expanding into new services across
industries and regions, and they’re experiencing heightened
identity and business verification requirements. A holistic
verification approach with blended capabilities can help
organizations balance onboarding speed and security as
they grow.
Super Apps
“The key is to make sure every
onboarding instance delivers
optimized value for the
organization and as little friction
as possible for the customer.
AI has given us extraordinary
opportunities to do that quickly,
efficiently and securely.”
Steve Munford, Chief Executive Officer, Trulioo
Trend #1
Trend #3
Trend #2
Trend #5
Trend #4
AI can deliver the transformative power to fast-track
onboarding and reshape identity verification. The report
unpacks the evolving AI regulation landscape and how the
technology can form a powerful defense against fraud.
Artificial
Intelligence
in the Right
Hands
The lines between digital banking,
payments and online marketplaces
are fading.