Identity Verification
January 8, 2024
The Cost of Identity Verification in the KYC Process
As the digital world becomes more entrenched in our daily lives, the importance of secure online transactions grows exponentially. This significance is especially true for organizations required to uphold Know Your Customer (KYC) regulations, which aim to combat fraud, money laundering, and terrorist financing. In this article, we explore the cost implications of online identity […]
January 4, 2024
Generative AI: Opportunity or Threat in Online Identity Verification?
If you’re navigating the intricate world of digital onboarding, you know the imperative of robust identity verification processes. As criminals become savvier, tech leaders, including product managers, chief technology officers, and heads of legal and compliance, must stay ahead of the curve. Amidst emerging tech trends, Generative AI stands as a beacon of innovation. But […]
January 2, 2024
Future of KYC: How It Will Be in 2024?
The landscape of customer identity verification, or KYC (Know Your Customer), is constantly evolving. With the digital transformation of onboarding processes and the increased importance of regulatory compliance, the future of KYC looks secure, seamless, and surprisingly sophisticated. Let’s delve into what the future of KYC will be, the current trends, and the anticipations for […]
October 21, 2023
Alice is at the forefront of preventing print and replay attacks.
The National Institute of Standards and Technology, NIST, considered the world’s most prestigious biometric engine evaluation body, has published the results of its first presentation attack detection evaluation. Alice has achieved the best results in this innovative evaluation in which 82 passive facial presentation attack detection (PAD) algorithms participated. This NIST assessment places Alice as […]
October 10, 2023
Legal Session #2: Data Protection Regulation
A few weeks ago, the second closed-door session was held for the Alice community together with the boutique law firm ATH21, in which Marina Fontcuberta, Senior Associate, answered questions regarding data protection, current regulations and how to comply with them in the different processes of the company; “We’ve all heard the typical phrase ‘Data is […]
September 8, 2023
eIDAS 2: What to Consider?
If you’re in the world of digital onboarding, identity verification isn’t just a part of the process; it’s central to the security and legality of your operations. With the European Union set to update its regulation on electronic identification and trust services (eIDAS) to eIDAS 2, there’s a need to look closely at what this […]
September 6, 2023
Secure Digital Onboarding: Selfie + ID
The realm of digital onboarding is evolving rapidly, and with it, the need for secure digital onboarding processes. Product managers, Chief Technology Officers, and Heads of Legal and Compliance are at the forefront of adopting solutions that ensure their organizations know who is on the other side of the screen. This is where the concept […]
September 5, 2023
Understanding Proof of Funds in Preventing Money Laundering
Money laundering is a major concern for financial institutions and businesses worldwide. In efforts to combat this illicit activity, regulators and companies alike seek secure and dependable ways to verify the legitimacy of funds during transactions. One critical process in this front line of defense is the “Proof of Funds” (POF) verification. In this article, […]
September 4, 2023
Proof of Funds: A Comprehensive Guide for Digital Onboarding
In today’s digital frontier, establishing trust in online transactions is paramount, particularly when it comes to onboarding new clients within financial and regulated sectors. At the heart of this trust lies the concept of ‘Proof of Funds (PoF)’, a crucial step in ensuring financial integrity and compliance with regulatory standards. This guide is tailored for […]
