Revolut, GBG join forces to stop online fraud

Tuesday 2 March 2021 11:20 CET | News

Revolut has announced it is working with GBG to tackle the rise of online fraud and promote the adoption of digital services through customer onboarding solutions, including KYC and AML.

GBG’s State of Digital Identity Report found that 59% of people opened some kind of new online account in 2020, including 31% who opened a new banking account. Taken this into account and the  fact that half of consumers have said they’re becoming increasingly cashless as a result of COVID-19, consumers have been exposed to the perils of online fraud.

Revolut’s aim is to protect the customers and to offer an effective onboarding experience. GBG will help to verify and onboard new customers quickly, efficiently, and safely, reports. 

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Keywords: Revolut, GBG, KYC, AML, online fraud, bank account
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions