As businesses continue to adjust to the spike in online fraud, Blinking, Trust Swiftly, Regula and Smart Engines have each unveiled customers in different verticals they are providing biometrics, ID document checks or both for. Shufti Pro and one of its onboarding customers, meanwhile, have shown the concept works, with statistics illustrating a successful two-year partnership.

Fraud is expected to cause $206 billion in losses in the online payments industry over the next five years, according to Juniper Research, driven by identity fraud.

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