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Report

Identity Verification
in a Globalized World

The rise of digital nomads and the influx of foreign customers in general present both opportunities and challenges for businesses. Regula conducted interviews with organizations and individuals to identify effective strategies for businesses to navigate and capitalize on this global trend.

The State of Identity Verification in 2023
id verification banner sistema de verificación de datos de identidad

Questions Answered

What are businesses 
doing to verify digital nomads?

What are businesses 
doing to verify digital nomads?

Is identity fraud connected to the increase in new foreign customers?

Is identity fraud connected to the increase in new foreign customers?

Which industries and countries need better verification for foreign customers?

Which industries and countries need better verification for foreign customers?

 

About the Research

Regula, together with Sapio Research, surveyed 750 fraud prevention decision makers and 750 digital nomads from the US, UK, Germany, Spain, UAE, and Mexico in September 2023

Identity verification for digital nomads report
id verification banner sistema de verificación de datos de identidad

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%.

Our research indicates that the majority of businesses worldwide are grappling with an increased volume of submitted 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 are leading the list with an impressive 62%. The Finance, Banking, Insurance, and Retail sectors benefited the most.

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..

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 fraud cases involving forged and counterfeit documents increase.

Gain insights into better verification of your new foreign customers

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