Leading KYC & AML compliance solution
As the world moves further into the digital age, the need to protect customer identity online is becoming increasingly important. Financial organizations, in particular, must be able to identify and verify customers for compliance with anti-money laundering and know-your-customer (KYC) regulations. With developments in digital identity, blockchain technology, and artificial
The technology of NFC is becoming more common today and this is just a matter of time before everyone starts applying it for the identity verification procedures. Will it be efficiently applied, and what benefits such NFC-based technologies might potentially bring to your enterprise? Keep reading to figure this out.
Many who are knowledgeable about Know-Your-Customer (KYC) and Anti-Money Laundering (AML) come from a financial institution background. They have a keen awareness of the challenges in maintaining high standards of compliance. These requirements apply not only to banks but also to companies and platforms that partner with credit unions and
Introduction for the newbiesWhat is identity verification?Identity verification is used in various fields, from banking institutions to hospitals. After passing the check, the person confirms that it is he who performs specific actions and this is not an attempt to cheat. This system is used by financial companies. For
Identity falsification occurs in all areas. You might have seen face replacement technology on the Internet when someone used the faces of famous people to create videos. The usage of artificial intelligence has made this method dangerous in many areas. That is the reason for the dissemination of false information,