X-Sight Marketplace Innovation Spotlight Series: featuring GeoComply On-Demand

January 21, 1:00 pm EST

Stop Online Financial Crime with Advanced Location Data

Authentic and unaltered location data is a critical signal for detecting and stopping fraud. However, most financial institutions still use an IP address to verify location, which is easily spoofed and essentially useless for verifying a user’s true location.  In this session, we’ll answer critical questions about advanced location data, including what it is, how it works and how it’s different from an IP address. Most importantly, we’ll show how this data helps in the fight against financial crime.

What you’ll learn in this session:
  • Techniques that bad actors use to hide their true location, and ways to detect them
  • The types and accuracy of location signals such as WiFi, GPS, cell tower triangulation, IP and HTML5 data and how to ensure they have not been altered
  • How to access this device-level location data and integrate it into your onboarding processes, transaction/compliance monitoring and risk engines
  • How the over-reliance of using IP address data for location creates fraud, money laundering and terrorist-financing threats

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