Big Banks Enter Identity Race With Early Warning

Borrower consent services are riding a huge wave of growth and this week there was some big news. Early Warning Services, LLC and seven of the largest banks in the U.S. today introduce Authentify®, a new identity verification service for consumers and businesses. While on a participating business’ website or app, consumers can choose to […]

The system failed at almost every conceivable level

Across the U.S., criminals have stolen over $200 billion in pandemic-related state unemployment benefits by filing fake claims and using false identities. The government received applications for unemployment benefits from Mickey Mouse, Poopy Britches and John Doe. By all counts it was the greatest fraud in history and a catastrophic failure of fraud controls. Check […]