Fintech Magazine August 2026 | Page 102

E xperian uses a double-pronged approach that combines identity authentication with data intelligence, enabling organisations to reduce the risk of sneaky fraud while allowing for a seamless, streamlined digital experience.

As a UK Digital Identity and Attributes Trust Framework Identity Service Provider( IDSP), it offers identity authentication, age verification, address validation, phone and email verification, and bank account validation to support KYC compliance.
Experian’ s flagship CrossCore Identity Services for KYC brings together identity, fraud and verification signals to support customer due diligence and riskbased decision making. The company says it draws on billions of data points, alongside third-party services to enable organisations to make riskbased identity decisions while reducing manual review and fraud exposure.
Products like Bank Wizard further support identity assurance by validating UK bank account details in real time across digital, branch and contact centre channels.
These are valuable offerings as data from Experian shows that 55 % of consumers view security as the most important aspect of their online experience. An understandable fact, considering that 26 % of people in the UK have experienced online identity theft.
102 August 2026