SentiLink Co-Founder and COO, Max Blumenfeld, shared his opinion in an American Banker article about the need to modernize customer identification regulations.
Technology has allowed established financial institutions and newcomers to make it easier for customers to access financial products and services.
Fraud typologies such as synthetic fraud continue to emerge that have found ways to elude traditional CIP checks.
Technology and the market have changed. Customer identification rules should too.
Read the entire article here.