New, tips and trends about digital onboarding and identity verification.
We want you to be up to date on trends in digital onboarding, identity verification, regulation and compliance. In short, everything you need to manage the identity of your customers and partners efficiently and securely.
March 14, 2023
Four Easy Steps to Creating a Frictionless AML Process
As experts in remote identity verification solutions, we understand the importance of creating a frictionless Anti-Money Laundering (AML) process. In today’s digital landscape, where online transactions are growing rapidly, it is crucial for businesses to have a seamless and secure AML process in place. In this article, we will guide you through four easy steps […]
March 13, 2023
How neobanks can integrate Identity Verification (IDV) into a broader security strategy
If you are a neobank looking to enhance your security measures and ensure a safe digital onboarding process, integrating Identity Verification (IDV) can be a crucial step. The rise of neobanks and the need for secure IDV Neobanks have revolutionized the banking industry with their agile and user-friendly digital platforms. As these banks continue to […]
March 10, 2023
High-Risk Customer Types in Remote Identity Verification
When it comes to remote identity verification, it’s crucial for businesses to be able to identify high-risk customer types. These individuals pose increased risks, such as fraud, money laundering, or identity theft, which can be detrimental to the reputation and security of any organization. In this article, we’ll discuss seven high-risk customer types and how […]
March 9, 2023
Common uses for biometrics
In today’s digital age, where remote transactions and online services have become the norm, ensuring the security and trustworthiness of user identities is of utmost importance. Traditional methods of identification, such as passwords and PIN codes, are no longer sufficient to guarantee a user’s true identity. This is where biometrics comes into play, offering a […]
March 8, 2023
What is the difference between CDD and EDD?
Customer Due Diligence (CDD) is the process of gathering information about a customer to assess the risk of a business relationship. This includes identifying the customer and verifying their identity, as well as gathering information about their business activity. Enhanced Due Diligence (EDD) is a more comprehensive process performed when a customer is deemed to […]
March 7, 2023
The uses of facial identification in businesses
In today’s digital world, the way in which companies verify the identity of their customers and users is crucial to ensure the security and protection of their data. One of the most innovative solutions in this field is facial identification, which uses facial recognition technology to authenticate a person’s identity through a real-time image. In […]
March 6, 2023
What is AML screening?
In a world where financial transactions have become increasingly digital, identity verification and the monitoring of suspicious activity have become critical for businesses. This is where AML (Anti-Money Laundering) supervision comes in. AML screening refers to the implementation of policies and procedures designed to prevent and detect illicit activities related to money laundering and terrorist […]
March 3, 2023
What's chargeback fraud?
Chargeback fraud, also known as friendly fraud, is a type of online fraud that occurs when a consumer makes a purchase using a credit card and then disputes the charge with their card issuer. This results in the charge being reversed, and the consumer receiving a refund while still retaining the purchased goods or services. […]
March 2, 2023
The Ultimate Beneficial Owner (UBO) and its role in money laundering
Money laundering is a serious financial crime that affects various sectors of the global economy. To combat this practice, regulations and preventive measures have been implemented, including the identification and verification of ultimate beneficiaries (UBOs). What is a final beneficial owner? The Ultimate Beneficial Owner (UBO) is the natural person who owns and/or controls an […]
