Verification

Why Real-Time Identity Verification Is the Key to Preventing Fraud in FinTech Startups

The past decade has witnessed an unprecedented growth in the FinTech sector due to the role of innovation, the need to be convenient, and the digital economy first. Digital wallets and peer-to-peer lending platforms, online trading applications and buy-now-pay-later services are all examples of startups in this category that are changing how people and money interact.

The Social Media Checkmarks and Verification Mess

While all eyes are on how Elon Musk is handling the blue checkmark over at Twitter and debating the checkmark's value and devaluing, I submit the checkmark isn't just a Twitter problem but also a social media problem no matter what platform you're using. Over the past couple weeks, I've come to the conclusion that it is a huge mistake to confuse verification with designating someone as notable or not. The use of verification for only notable users, which in turns designates the remaining users as non-notable, is divisive and never should have happened. While I reluctantly have sided with Mr.