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Record Growth in 2015: The FinTech Market Embraces IdentityMind’s Trusted Digital Identities
  • USA - English


News provided by

IdentityMind Global

Dec 10, 2015, 08:00 ET

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Palo Alto, CA. (PRWEB) December 10, 2015 -- IdentityMind Global, the pioneer in Digital Identities for risk management and financial crimes, announced today the significant growth of their client base across the financial ecosystem. The IdentityMind platform has added Banks, Payment Service Providers (PSPs), etailers, money service businesses (MSBs), virtual currency exchanges, Internet lenders, online gaming and gambling, and a variety of FinTech businesses to its diverse client base in 2015.

Trust in digital commerce is built on the ability to accurately identify an individual on the other side of a transaction. We founded IdentityMind and started building our technology and database on that premise.

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IdentityMind’s patent-pending Electronic DNA™(eDNA™) technology recognizes a unique combination of digital and physical attributes used to identify and validate entities across the internet- including users, businesses and affiliates. Their proprietary technology builds reputations associated with each of these identifying attributes, as well as their activity within the IdentityMind client network. This enables IdentityMind to provide a unique, but private source of trusted digital identities and reputations for financial transactions.

“Digital identities have finally become the focus in preventing financial crimes and mitigating risk,” said Garrett Gafke, President and CEO of IdentityMind Global. “Trust in digital commerce is built on the ability to accurately identify an individual on the other side of a transaction. We founded IdentityMind and started building our technology and database on that premise. It has taken years to operationalize this technology and grow our understanding of how clients can benefit from this information, but today we are thrilled to see the worldwide market reacting so positively to our solution. More importantly, we are deeply satisfied to be helping our clients become more productive, expand their businesses, and serve difficult markets such as underbanked and unbanked demographics. They know they can count on our technology and expertise to manage risk in a safe and reliable manner.”

IdentityMind™ provides enterprise clients with the tools to enhance their current risk practices by applying the platform’s unique reputational data on Internet entities. IdentityMind provides the SMB/SME market with a full platform to control risk in real-time, offering integrated fraud prevention, case management, the ability to pre-fill and file Suspicious Activity Reports (SARs), and automated tools for financial crime analysis.

In addition, the platform provides an ecosystem of data and technology partners fully integrated into the platform, allowing clients to automate the decision process, or access partners in an ad-hoc manner during the review process.
“Our team is proud of our accomplishments this year- not only in growth, but also in being recognized twice by the industry, with back-to-back FinTech Forward and CIO Review awards,” said Mr. Gafke. “We have so much more to accomplish in the years to come, and we truly believe our solution will be fundamental in supporting the growth of digital commerce.”

The IdentityMind™ Platform is available worldwide.

About IdentityMind Global

IdentityMind Global provides identity-based risk management and regulatory compliance solutions for the financial and digital commerce ecosystem. Our Fraud Prevention and Risk Management Platform provides financial institutions, emerging FinTech businesses, and online merchants with real-time capabilities to address the operational challenges of conducting online financial and payment transactions.

The IdentityMind™ platform delivers integrated Fraud Prevention, Anti Money Laundering (AML), Know Your Customer (KYC), Merchant Underwriting, and Transaction Monitoring services. IdentityMind’s patent-pending technology Electronic DNA (eDNA™) recognizes identities based on electronic attributes, and how these attributes are validated and correlated against each other. The platform shares eDNA™ across the IdentityMind network in live time, so the entire client network benefits while keeping identities and transactions private to each client.

IdentityMind Global serves clients worldwide including Banks, Money Service Businesses, Payment Service Providers, Virtual Currency Exchanges, Online Lenders, Trading Platforms, and Online Merchants.

For more information, visit us at http://www.identitymindglobal.com, or follow us on twitter: @identitymind

© 2015 IdentityMind Global. All rights reserved. IdentityMind, IdentityMind Platform, IdentityMind eDNA, IDMPay and the IdentityMind logo are trademarks or registered trademarks of IdentityMind Global, Inc. in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

IdentityMind Global™ is privately held. For more information please refer to http://www.identitymindglobal.com, or reach us at info(at)identitymind(dot)com.

Geo Coelho, IdentityMind Global, http://www.identitymindglobal.com, +1 (650) 618-9989, [email protected]

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