Liminal

Sift Ushers in Era of AI-Powered Fraud Decisioning Amid Surging Company Momentum and Evolving Market Dynamics

Retrieved on: 
Tuesday, February 20, 2024
SAN, Senior, Sieve, Recognition, Watchtower, Forrester Research, AI, Investment, Growth, Patent, Fraud, Data science, Risk, Blog, Liminal, Machine learning, Anomaly, Online shopping

SAN FRANCISCO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Sift , the AI-powered fraud platform securing digital trust for leading global businesses, today introduced the era of AI-powered fraud decisioning, marking a significant industry and company inflection point.

Key Points: 
  • SAN FRANCISCO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Sift , the AI-powered fraud platform securing digital trust for leading global businesses, today introduced the era of AI-powered fraud decisioning, marking a significant industry and company inflection point.
  • Today’s announcement follows a year of remarkable growth, innovation, and industry recognition, and reinforces Sift’s differentiated position in an evolving market.
  • “2023 was a year of rapid and significant transformation—both for the digital fraud and identity industry, and also for Sift,” said Kris Nagel, Chief Executive Officer at Sift.
  • “Sift is proud to lead the era of AI-powered fraud decisioning, empowering the global digital business community to fight fire with fire and grow fearlessly.”
    For more information on the era of AI-Powered Fraud Decisioning, visit the all-new Sift.com and read today’s blog post .

Mesh, a B2B Identity Startup Founded by Ex-Amazon Execs, Unveils Multi-Factor Business Identity Solution for Marketplaces, Ecommerce, Compliance; Bolsters Leadership with Industry Veterans

Retrieved on: 
Wednesday, February 7, 2024
Retail, Security, Construction & Property, Data Management, Insurance, Start-Up, Technology, Small Business, Professional Services, Online Privacy, Online Retail, Electronic Commerce, Software, Internet, Other Construction & Property, Fraud, Privacy, BEV, B2B, Amazon, Safety, SMB, Data science, Ecosystem, IDV, Data collection, MTX Audio, API, General partnership, LexisNexis Risk Solutions, Partnership, Trust, Liminal, Business, Engineering, Luigi, Online shopping

Their findings among financial institutions echo Mesh’s insights on buyer and seller onboarding in ecommerce, marketplace trust, and vendor compliance.

Key Points: 
  • Their findings among financial institutions echo Mesh’s insights on buyer and seller onboarding in ecommerce, marketplace trust, and vendor compliance.
  • "Mesh has effectively addressed the challenges of establishing business trust and navigating compliance with their innovative Business and Entity Verification solution.
  • Mesh’s journey from License Verification to a Business and Entity Verification (BEV) solution signifies an evolution into a complete, end-to-end business identity platform.
  • With 30+ years of senior Amazon experience, Diego Asenjo (CEO), Tony Bryan (CTO), and founding engineers rounded out their leadership team with industry veterans.

Liminal Forecasts $6.8 Billion Global Market for Anti-Money Laundering Transaction Monitoring Solutions by 2028, Amidst Rising Financial Crime and Compliance Challenges

Retrieved on: 
Tuesday, January 16, 2024
Financial services, Research, Liminal, AI, Bias, Risk, Machine learning, AML, Market, Growth, Cryptocurrency

Liminal's research forecasts that the total addressable market for AML transaction monitoring solutions will expand from $3.6 billion in 2024 to $6.8 billion by 2028 at a compound annual growth rate of 17.5%.

Key Points: 
  • Liminal's research forecasts that the total addressable market for AML transaction monitoring solutions will expand from $3.6 billion in 2024 to $6.8 billion by 2028 at a compound annual growth rate of 17.5%.
  • This growth underscores the rising demand for effective AML solutions and the market's readiness for innovative approaches.
  • The AML Transaction Monitoring market is expected to grow from $3.6B in 2024 to $6.8B by 2028, at a 17.5% CAGR
    Liminal's latest research, The Market and Buyer's Guide to Anti-Money Laundering Transaction Monitoring for Financial Services , explores the market dynamics and buyer needs for advanced AML transaction monitoring solutions.
  • Liminal's Market and Buyer's Guide for Anti-Money Laundering Transaction Monitoring provides valuable insights into market trends, buyer views, and notable vendors, making it an essential tool for exploring and adopting advanced AML solutions.

Mitek Appoints David Lyle as Chief Financial Officer

Retrieved on: 
Tuesday, December 19, 2023
Professional Services, Security, Technology, Finance, Software, Fintech, Accounting, Entropic Communications, Sale, CFO, Information technology, Maxwell Technologies, Identity, Mitek Systems, Digital banking, Liminal, Growth, System

Mitek Systems, Inc. (NASDAQ: MITK, Mitek or the Company), a global leader in digital identity and fraud prevention is pleased to announce the appointment of David Lyle as Chief Financial Officer (CFO).

Key Points: 
  • Mitek Systems, Inc. (NASDAQ: MITK, Mitek or the Company), a global leader in digital identity and fraud prevention is pleased to announce the appointment of David Lyle as Chief Financial Officer (CFO).
  • “I am thrilled to welcome David to Mitek,” said Mitek CEO Max Carnecchia.
  • David joins us during a pivotal scaling period for our Digital Banking and Identity businesses, bringing valuable expertise to the team.
  • I would also like to thank and acknowledge Fuad for his interim leadership and many contributions to the company this past year.”
    "I am excited to join the Mitek team and its purpose-driven culture,” David Lyle said.

Liminal Forecasts $5.5B Global Market for Business and Entity Verification by 2028

Retrieved on: 
Tuesday, December 12, 2023
Research, B2B, UBO, Fraud, BEV, Financial institution, Machine learning, Automation, KYC, KYB, Frustration, AI, Business, TAM, TIN, Cryptocurrency, Sales, Fintech, Liminal

NEW YORK, Dec. 12, 2023 /PRNewswire/ -- Most financial services companies surveyed (98%) must manually verify their business customers when onboarding new accounts, an operational inefficiency that can lead to regulatory non-compliance and increased fraud and money laundering risks. To address these challenges, efficient and adaptable business and entity verification solutions incorporating greater data accuracy and recency are in growing demand. In Liminal's Market and Buyer's Guide for Business and Entity Verification in Financial Institutions and Fintechs, it's estimated that a global total addressable market (TAM) for business and entity verification in financial services and fintech is projected to reach $4.4 billion in 2024, and is expected to grow at a compound annual growth rate (CAGR) of 6.1% to reach $5.5 billion by 2028.

Key Points: 
  • To address these challenges, efficient and adaptable business and entity verification solutions incorporating greater data accuracy and recency are in growing demand.
  • The BEV solutions market is projected to reach $5.5B by 2028, growing at a CAGR of 6.1% from $4.4B in 2024.
  • "As we envision the future landscape, business and entity verification trajectory aligns with the imperatives of innovation and efficiency.
  • The current business and entity verification approach involves a mix of in-house reviews and third-party vendors with varying success levels.

Merchants Prioritize Customer Experience Over Effective Fraud Prevention Despite Significant Concern for AI-Enabled Fraud Attacks in Digital Transactions

Retrieved on: 
Tuesday, November 28, 2023
Shift, Safety, Research, B2B, Paradigm shift, Organization, Risk, Fraud, RFI, Trust, Total, Growth, TAM, Environment, Research report, Online shopping, Cryptocurrency, Pharmaceutical industry, Liminal

NEW YORK, Nov. 28, 2023 /PRNewswire/ -- The rapid growth in e-commerce transactions has brought a concerning uptick of 80% in fraud attempts, driven by advanced AI technologies and first-party fraud attacks, resulting in substantial financial losses. As the industry battles against this surge in fraud, merchants grapple with the dual challenges of escalating fraud resolution costs and the imperative to deliver a positive digital customer experience.

Key Points: 
  • As the industry battles against this surge in fraud, merchants grapple with the dual challenges of escalating fraud resolution costs and the imperative to deliver a positive digital customer experience.
  • Companies navigating the fraud prevention technology landscape seek greater trust and safety in the digital marketplace.
  • "Merchants recognize they must reassess their approach to transaction fraud prevention to preserve trust and security in the digital marketplace, but assessing vendors can seem daunting.
  • A rising concern is first-party fraud, affecting 66% of merchants, with chargebacks and return fraud being significant issues.

Liminal Recognized as a Great Place to Work by its Employees

Retrieved on: 
Tuesday, October 17, 2023
Great Places, Communication, Trust, Environment, Growth, Human, Workplace, Cryptocurrency, Management, Liminal

NEW YORK, Oct. 17, 2023 /PRNewswire/ -- Liminal™, a leading market intelligence and strategy advisory firm, proudly announces its recent accolade as a Great Place to Work® by the prestigious Great Place to Work® Institute.

Key Points: 
  • NEW YORK, Oct. 17, 2023 /PRNewswire/ -- Liminal™, a leading market intelligence and strategy advisory firm, proudly announces its recent accolade as a Great Place to Work® by the prestigious Great Place to Work® Institute.
  • "I'm thrilled that my teammates at Liminal enjoy working here as much as I do," said Travis Jarae, CEO at Liminal.
  • The Great Place to Work certification is a testament to Liminal's commitment to fostering a workplace culture that values innovation, collaboration, and employee well-being.
  • The Great Place to Work Certification™ is based on the Trust Index™ survey administered by the Great Place To Work Institute, which assesses workplace culture, policies, and practices.

Mitek named leader in Liminal’s analysis of companies offering account opening protection

Retrieved on: 
Thursday, September 28, 2023
Finance, Consulting, Banking, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Security, Online, Financial services, Mitek Systems, Fraud, Identity, Senior, MTX Audio, Cryptocurrency, Liminal

The report evaluated more than 120 providers offering account opening compliance and fraud prevention for banks and financial services companies.

Key Points: 
  • The report evaluated more than 120 providers offering account opening compliance and fraud prevention for banks and financial services companies.
  • According to Bank Info Security , some banks report that as many as 50% or more of new account opening requests are fraudulent.
  • We at Mitek are honored to be recognized in this inaugural report,” said Chris Briggs, Senior Vice President and Head of Identity at Mitek.
  • “Companies rely on us to help them protect against account opening fraud, and we take that responsibility seriously.

Onfido Featured as a Market Leader in Liminal's Link Index Report for Account Opening in Financial Services

Retrieved on: 
Tuesday, September 26, 2023
Freedom, AO, Financial services, DocuSign, Revolut, Organization, AML, Friction, SAN, Know your customer, TransUnion, KYC, Cryptocurrency, Experian, Onfido, Liminal

SAN FRANCISCO, Sept. 26, 2023 /PRNewswire/ -- Onfido , the global automated identity verification provider, has been recognized as a market leader in Liminal's highly anticipated Link™Index Report for Account Opening in Financial Services.

Key Points: 
  • SAN FRANCISCO, Sept. 26, 2023 /PRNewswire/ -- Onfido , the global automated identity verification provider, has been recognized as a market leader in Liminal's highly anticipated Link™Index Report for Account Opening in Financial Services.
  • The report also highlighted that 20% of buyers are actively looking to switch to a better AO vendor.
  • Download the full report and sign up for the webinar with Liminal examining the latest developments in account openings for financial services.
  • "Our recognition in Liminal's Link Index Report underscores Onfido's commitment to transforming the financial services landscape," said Mike Tuchen, CEO of Onfido.

Onfido Featured as a Market Leader in Liminal's Link Index Report for Account Opening in Financial Services

Retrieved on: 
Tuesday, September 26, 2023
Freedom, AO, Financial services, DocuSign, Revolut, Organization, AML, Friction, SAN, Know your customer, TransUnion, KYC, Cryptocurrency, Experian, Onfido, Liminal

SAN FRANCISCO, Sept. 26, 2023 /PRNewswire/ -- Onfido , the global automated identity verification provider, has been recognized as a market leader in Liminal's highly anticipated Link™Index Report for Account Opening in Financial Services.

Key Points: 
  • SAN FRANCISCO, Sept. 26, 2023 /PRNewswire/ -- Onfido , the global automated identity verification provider, has been recognized as a market leader in Liminal's highly anticipated Link™Index Report for Account Opening in Financial Services.
  • The Link Index analyzed over 150 companies claiming to solve Account Opening (AO) in Financial Services and found that only 32 total vendors (21% of the market) have the necessary product capabilities to satisfy buyer demands.
  • Download the full report and sign up for the webinar with Liminal examining the latest developments in account openings for financial services.
  • "Our recognition in Liminal's Link Index Report underscores Onfido's commitment to transforming the financial services landscape," said Mike Tuchen, CEO of Onfido.