Questions Answered
What are businesses doing to verify digital nomads?
Is identity fraud connected to the increase in new foreign customers?
Which industries and countries need better verification for foreign customers?
Key Findings
Our research indicates that the majority of businesses worldwide are grappling with an increased volume of foreign documents requiring verification. 41% of US businesses report that the number of these cases has increased by more than 25%.
Half of surveyed business decision makers report a significant new revenue boost — of 21% or more — attributed to digital nomads. The United States is leading the list with an impressive 62%. The Finance, Banking, Insurance, and Retail sectors benefited the most.
80% of surveyed business decision makers noticed an increase in identity fraud, which they associate directly with the growth of international clientele. Nearly half of all businesses have seen an increase in fraud cases involving forged and counterfeit documents..