Latest news with #GBG
Finextra
18 hours ago
- Business
- Finextra
Is Flexibility the Main Driver of Growth for Identity Verification Solutions?
In this interview, Gus Tomlinson, Managing Director, Identity Fraud, GBG sat down with FinextraTV to discuss some of the progress being made when it comes to identity verification. Speaking about an increasingly fragmented landscape, Tomlinson explained how the history of technology has tended to encourage fragmentation, but that now it is important to focus more on finding solution that is designed not just for the industry, but for the end customer in mind. At the heart of all of this, Tomlinson holds flexibility up as being the primary driver of growth.
Techday NZ
16-06-2025
- Business
- Techday NZ
Experian & GBG expand partnership to boost fraud prevention
Experian and GBG have announced the expansion of their partnership to provide enhanced fraud prevention and identity verification solutions across Australia and New Zealand. The collaboration aims to combine Experian's data resources with GBG's software platform to deliver identity verification services to a range of industries that include banks, fintech firms, telecommunications providers, utility companies, legal practices, and other organisations that are subject to anti-money laundering regulations, as well as businesses outside the regulated sector seeking to minimise fraud risk. The integrated offering leverages Experian's data sets and GBG's greenID platform to allow consumers to verify their identity securely, without the need for paperwork, delays, or physical appointments. Businesses using the solution can gain access to real-time fraud alerts and identity theft prevention tools. Industry application The identity verification solution is designed to support compliance requirements whilst improving the efficiency of onboarding processes. For consumers, the partnership is expected to enable quicker access to services, such as home loans, mobile phone plans, and Buy Now Pay Later accounts, with the verification process taking only a few seconds. The greenID platform uses multiple stages of verification, checking name, address, and date of birth information in real time through Experian's expanded data pools, which is intended to reduce the risk of identity fraud. "This is a practical example of our commitment to improving the customer experience," said Mathew Demetriou, Managing Director, Software Solutions A/NZ of Experian. "By partnering with GBG, we're making proven, high-performing technology available to more of our clients—helping them onboard faster and stay one step ahead of fraud." Research and data Recent research from Experian's Global Identity and Fraud Report 2024 indicates that 71% of businesses in EMEA and APAC regions face challenges in keeping up with the rapidly changing nature of fraud. Supporting this, GBG also found that 68% of organisations in Australia and New Zealand reported an increase in fraud cases over the past year, with identity-related fraud identified as a primary concern. Additionally, more than 58% of businesses said identity verification was their biggest challenge, underlining increased demand for real-time solutions in this area. "Fraud is evolving rapidly, businesses need powerful tools to manage their fraud risk and customer experience, and collaboration is essential to keep consumers and businesses protected" said Carol Chris, General Manager APAC at GBG. "This expanded partnership reflects the trust and alignment between GBG and Experian and demonstrates our shared commitment to deliver innovative, robust, compliant and user-friendly solutions to market. We're proud to help more organisations verify and onboard genuine customers quickly, safely, and confidently." Background of the partnership The partnership between Experian and GBG builds on the existing seven-year collaboration between GBG and illion, a relationship strengthened by Experian's recent acquisition and integration of illion in 2024. This extends secure, seamless identity verification capabilities to a broader market and reinforces both companies' commitment to supporting customer-focused solutions and regulatory readiness. The ongoing partnership is positioned as a step towards delivering secure identity verification processes at scale, aligning with both firms' focus on consumer protection in an evolving digital landscape. The combined platform aims to provide businesses and their customers with confidence and efficiency during identity vetting and onboarding processes. The development also takes place in a regulatory environment that places increasing emphasis on effective anti-money laundering protocols and fraud detection, especially as digital transactions and remote onboarding become more prevalent. Follow us on: Share on:
Cision Canada
20-05-2025
- Business
- Cision Canada
Genesis Land Development Corp. Announces the Retirement of Iain Stewart and Appointment of PS Sidhu as President and CEO
CALGARY, AB, May 20, 2025 /CNW/ - Genesis Land Development Corp. (TSX: GDC) ("Genesis") today announced the retirement of Iain Stewart as President and Chief Executive Officer and the appointment of Parveshindera (PS) Sidhu as President, Chief Executive Officer and a Director of Genesis, both effective June 30, 2025. Mr. Stewart has been a Director of Genesis since August 2013 and was appointed President and Chief Executive Officer in 2018. Mr. Stewart will continue as a member of the Board of Directors. "On behalf of the Board of Directors and shareholders, I would like to thank Iain for his leadership and dedication," said Board Chair, Stephen Griggs. "Iain developed our growth-oriented strategy, steered the company through the challenges of the global pandemic, and delivered the strongest financial years in company history. During his tenure, Genesis more than tripled its home and lot production and sales, more than doubled its asset base to $585 million and generating record earnings of almost $40 million in 2024." Mr. Stewart said, "I am very proud of what we have achieved at Genesis in the last decade, and especially during my time as CEO. I am confident that Genesis is well positioned to build off the company's recent successes under PS' leadership. I would like to thank the entire Genesis team, the board of directors and our key shareholders for their support and guidance." Mr. Sidhu has been with Genesis since 2005 and has been taking on increasingly senior roles as a part of his executive development, most recently as President and Chief Operating Officer, prior to which he was President of Genesis Builders Group Inc. ("GBG") for a number of years. "PS has been integral to Genesis' growth for nearly 20 years, leading GBG's transition from a small home builder of less than 150 homes annually, to one that is a focused production home builder operating in 15 communities in the Calgary Metropolitan Area producing and selling over 400 homes per year," commented Griggs. "The Board looks forward to working closely with PS as he leads the strong team building Genesis for years to come." "I am excited to take on the role of CEO of Genesis at an important time in its growth as a significant land developer and home builder in the Calgary area," said Mr. Sidhu. "I look forward to continuing to work closely with our exceptional management team and with our board to grow Genesis in the years to come." In addition to Mr. Sidhu, the Genesis executive team is comprised of: Brian Whitwell, Chief Investment Officer Rob Sekhon, Chief Financial Officer Travis McArthur, Senior Vice President & General Counsel Brendan McCashin, Senior Vice President, Land Development Mike deBoer, Vice President, Homebuilding Virat Reddy, Vice President, Finance & Technology About Genesis Genesis is an integrated land developer and residential home builder operating in the Calgary Metropolitan Area holding a portfolio of well-located, entitled and unentitled primarily residential lands and serviced lots. Cautionary Statement Regarding Forward Looking Information This news release contains certain statements which constitute forward-looking statements or information ("forward-looking statements") within the meaning of applicable securities legislation, including Canadian Securities Administrators' National Instrument 51-102 'Continuous Disclosure Obligations', concerning the business and operations of Genesis. Forward-looking statements in this news release include, but are not limited to, matters relating to future growth. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "scheduled", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on material factors or assumptions made by us with respect to, among other things, opportunities that may or may not be pursued by us; changes in the real estate industry; fluctuations in the Canadian and Alberta economy; changes in the number of lots sold and homes delivered per year; and changes in laws or regulations or the interpretation or application of those laws and regulations. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although Genesis believes that the anticipated future results, performance or achievements expressed or implied by forward-looking statements are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements because they involve assumptions, known and unknown risks, uncertainties and other factors many of which are beyond the Corporation's control, which may cause the actual results, performance or achievements of Genesis to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Accordingly, Genesis cannot give any assurance that its expectations will in fact occur and cautions that actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include, but are not limited to: the impact of contractual arrangements and incurred obligations on future operations and liquidity; local real estate conditions, including the development of properties in close proximity to Genesis' properties; the uncertainties of real estate development and acquisition activity; fluctuations in interest rates; ability to access and raise capital on favourable terms; not realizing on the anticipated benefits from transactions or not realizing on such anticipated benefits within the expected time frame; the cyclicality of the oil and gas industry; changes in the Canadian US dollar exchange rate; labour matters; governmental regulations; general economic and financial conditions; stock market volatility; and other risks and factors described from time to time in the documents filed by Genesis with the securities regulators in Canada available at including in the Corporation's MD&A under the heading "Risks and Uncertainties" and the Corporation's annual information form under the heading "Risk Factors". The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Genesis does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise. SOURCE Genesis Land Development Corp.
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New Straits Times
22-04-2025
- Entertainment
- New Straits Times
#NSTviral: LRT3 engineer's viral video offers behind-the-scenes look at new line [WATCH]
KUALA LUMPUR: As the Light Rail Transit Line 3 (LRT3) project edges closer to completion, a video posted by one of the engineers involved in its development has gone viral, offering a behind-the-scenes glimpse of the new line. In a TikTok video uploaded by user @aaafaffff, the engineer - who was part of the team building the line from Bandar Utama to Johan Setia in Klang - proudly showcased progress at the site, including what appears to be the new ticketing system. @aaafaffff Simpan sebagai kenangan. Macam ni lah excited nya tengok project almost completed. If tanya best tak jadi engineer, i boleh cakap i rasa proud. Boss cakap kita kerja macam orang gila sudah Itu pasal la i macam orang gila juga. Yang pernah jadi part of GBG bersama naikkan Station Stadium Shah Alam, for you guys to see, we made it to the management, bonus jangan lupa hahaha Thank you. For the people #lrt3 #lrt #engineer #construction #shahalam Dreamers [Music from the FIFA World Cup Qatar 2022 Official Soundtrack] - Jung Kook & BTS The clip shows a QR-code ticket printed on paper being scanned at the ticket barrier. "Saving this video here as a memory. That's how excited I am to see the project nearly completed. "If you ask me whether being an engineer is the best job, I'd say I'm proud of it. "We made it. And to the management - don't forget the bonus!" she joked, signing off with, "Thank you. For the people." In the comments section, many users expressed their excitement about the new LRT line, which is expected to begin operations in September this year. @introvertsdiary said: "Finally, I can go to the Ramadan bazaar at Stadium Shah Alam without driving."
Forbes
16-04-2025
- Business
- Forbes
How Better Data Can Reduce Fraud For Financial Service Providers
Gus Tomlinson, Managing Director – Identity Fraud at GBG, an industry leader in global identity and fraud intelligence. Access to financial services has never been more widely available. Whether people are connected to a traditional financial institution or leverage emerging financial technology (fintech) services, they now have unprecedented opportunities to manage, invest and grow their money through digital platforms and innovative financial solutions. This is excellent news for people as access to quality financial services is associated with increased economic mobility, improved financial literacy, and building long-term wealth and financial security. It also presents a unique problem: fraud. The anonymity of the internet, the complexity of digital financial systems, and the rapid pace of technological innovation make fraud a pervasive, billion-dollar problem for financial institutions and their customers. The UK's Financial Ombudsman Services predicted earlier this year that fraud and scams would account for 35% of their banking and loan cases in the next financial year. Unsurprisingly, business leaders are clamoring for better identity verification solutions that help them connect safely with genuine identities, and consumers want solutions that enable them to live safe and rewarding digital lives. However, this can create friction as brands look to balance customer experience with security. Our company's latest Global Fraud Report notes that while businesses believe quick and easy onboarding is important to customers, almost all (97%) are worried about the added friction of robust fraud checks impacting onboarding for good customers. Meanwhile, many financial institutions still rely on traditional identity verification methods, which rely exclusively on public data and often fall short, especially when addressing thin-file customers, new-to-country populations or synthetic identities. In many ways, identity verification is a data equation. The better data you have, the more effectively you can catch fraudsters before they do real damage. It can be compared to a jigsaw puzzle, with each piece of data building out the picture until it becomes clear. Public identity data can accomplish a lot, but it only gets you so far. However, it struggles with thin-file customers, such as those new to credit systems or individuals who recently relocated. It also limits financial institutions' ability to detect and defend against synthetic identity fraud (SIF). SIF, which occurs when fraudsters create fake identities by combining real and fabricated personal information, has become especially problematic as frontier generative artificial intelligence (GenAI) models make it easier for bad actors to create sophisticated, believable false identities with realistic documentation and backstories. To address these challenges, financial services providers can turn to credit header data, which provides more granular information (like precise dates of birth) and the most current address information, as well as regional-specific data such as matches of social security numbers (SSN) in the U.S. Public data provides broad coverage and is critical for high-level matches, while credit header data provides depth with granular information. Layered together, this helps to create a more robust identity verification framework that enables financial institutions to detect fraud most effectively, improve pass rates and elevate the customer experience. To go one step further, businesses can leverage cross-sector and industry identity intelligence to combat fraud by identifying serial fraudsters targeting multiple businesses. This type of collaboration is becoming increasingly critical. After all, criminals don't limit their attacks to one business, industry or country, and the availability of AI has increased both the ease and scale of fraud attacks. The data shows when it comes to tackling fraud, the solution doesn't just sit with banks and financial services—social media and technology platforms need to be involved as well. Analysis from the UK's Payment System Regulator found that over half of authorised push payment (APP) scams involve Meta platforms. Better identity verification offers financial institutions several tangible advantages: • Increase Revenue Potential: Higher match and pass rates mean fewer missed opportunities to onboard genuine and good customers. It's a win-win: Better matches ensure financial institutions can capitalise on legitimate customers who might otherwise be rejected by public data alone, and good people get access to the products and services they care about. • Reduced Costs And Operational Efficiency: Fraud is expensive, and an ounce of prevention is worth a pound of cure. Better fraud detection lowers overall costs and keeps financial service providers focused on their customers, not bad actors. • Enhanced Customer Experience: Reducing friction in the onboarding process improves customer satisfaction. Matching submitted data seamlessly against additional sources delivers higher approval rates without compromising user experience. Simply put, better data enhances fraud detection capabilities and streamlines the verification process, improving customer experiences and increasing revenue opportunities. • Verified Fraud Deterrence: Data sources are critical to driving successful identity verification, reducing fraud and increasing revenue. By tapping into diverse data sources, financial institutions can build robust identity verification frameworks that unlock business potential worldwide, no matter what bad actors are up to. The benefits accrue to companies and their customers, making it a win-win investment for financial service providers in 2025. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
