The Trust Foundation Understanding trust issues in the digital era.

“According to an article in Australian IT, “ING Direct has led the way in using anti-money-laundering identification processes to come up with a method for opening an account purely online. The Dutch bank has claimed bragging rights for the first end-to-end online account opening facility in Australia…which uses an almost instant online identity verification process instead of the traditional 100-point security check to allow customers to open savings and term deposit accounts.”
“ING Direct has taken advantage of new AML [anti-money laundering] legislation that allows financial institutions to replace the traditional 100 point security check, which uses physical documents such as passports, with electronic AML compliance checks.”

“An increasing number of companies are conducting an Internet search for background information as part of the vetting process for prospective employees. Based on research by Execunet, a leading job search and recruiting network, and Joyce Gioia-Herman, a strategic business futurist, first impressions are being formed long before the interview process begins. In fact, 83 percent of recruiters recently polled are using online information to augment résumés, and 43 percent have eliminated candidates based on digital dirt discovered during online candidate vetting.”