Category: KYC
Fraud and Risk Compliance After the Wire Act Reversal
The online gaming industry is facing turmoil this past week. Regulations have changed, which greatly affect the industry. For all players in the online gaming industry, m...
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How Fortnite Showcases the Need for Identity Verification Services for the Entire Gaming Industry
Fortnite is an insanely popular video game developed by Epic Games with over 200 million global users. It was released in 2017 and has taken the world by storm, surpassin...
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Finding the Best Digital Onboarding Provider for Millennials
Millennials became the largest segment of the American workforce in 2016, making up about 53% of the workforce. This means they have a huge amount of economic power. Bank...
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Verifying Identities to Stop Synthetic Identity Theft
As technology advances, so do fraud techniques. Online platforms are changing the ways criminals perform their nefarious activities. These customer-not-present environmen...
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Ways to Simplify Customer Onboarding for Banks
Customer onboarding is the process a user goes through to start a relationship with your company, such as creating an account. It helps determine the relationship your cu...
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How Financial Institutions Should Handle a Politically Exposed Person
The Financial Action Task Force (FATF) defines a politically exposed person (PEP) as someone who has been be abused. There have been many examples of PEPs being associate...
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Breaking Down Cross-Border Payment Services
Bank operated cross-border payment are more complex than most people realize. For a bank to perform a cross-border transaction, they have to follow a variety of steps. Fi...
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How to regulate cryptocurrency exchanges efficiently in a secured way?
When Bitcoin was released to the world in 2009, it was a part of a noble cause. Bitcoin offered people a secure way to perform digital, financial transactions on the web ...
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Automation will Assist with KYC & AML for Financial Institutions
Money laundering around the world makes up about 5% of the global GDP, amounting to around 2 trillion USD. The amount of money being transferred in these transactions has...
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