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Identity Verification Stories

The role of Know Your Business in the Fight Against Money Laundering and Why Business Verification is Important

The modern, technologically advanced world demands its’ inhabitants to follow an ever-increasing number of guidelines to prevent financial, governmental, and other institutions from disaster. Business verification is one of them. The digitization of our everyday lives sets the stage for more devious fraudulent activities than ever before. And even if it usually gets unnoticed by …

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Synthetic Identity Theft: How to Prevent it?

With the modern age growing upon us, it becomes increasingly difficult to adjust to the acceleration of technology and the various challenges it brings with it. Traditional mediums are quickly being replaced by their digital counterparts, and various companies, as well as institutions, are struggling to catch up to the rising needs of cybersecurity. A …

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Is Video Identification just about a VIDEO?

As the financial and banking sectors shift more and more of their services to digital platforms, the need for remote identification services is higher than ever. But more reliance on digital platforms means more significant cyber threats. Fraudsters and scammers are getting smarter with each day, looking for an opportunity to pounce on prey. The …

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Digital Onboarding: Definition, Types and How it Works

With fast digitization that blurs the boundaries between the physical, digital, and biological world, companies focus on connecting with both employees and customers. And with the prevailing time over the world, there is a significant push to improve the existing digital onboarding. The move allows a company to boost its sales figures and public image …

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PDF417 And iDenfy’s Barcode Scanning Feature

A barcode is a simple way of data representation through a visual, machine-readable form. Representing data through a machine-readable format is an effective way that is used worldwide: from government documents to grocery billing, etc. Among its many forms, PDF417 is a popular barcode type that is in use today. The PDF417 barcode is a …

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Why Age Verification Matters to Online Businesses?

2020 changed the way the world functioned, leading to a redefining turn for the digital age. More people are engaging with technology and online network today than ever. And that has lead organizations and companies to design their business strategy with a 90% focus on online services. Providing online services is a practical, hi-tech, and …

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Proxy Detection: Evolving as a Global Service

Proxies is a type of web connection that helps users bypass the network filtering system by changing the user’s IP address. It is also known as anonymous IP that serves towards hiding the web user’s actual IP address and physical location. The Proxy server acts as a gateway between the user and the internet. Though …

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Enhanced Due Diligence: Checklist and Tips

When you start dealing in business, companies usually focus on the profit instead of who they’re dealing with. But as times change and online frauds increase staggeringly, companies are taking customer identity verification very seriously. The procedure involves proper customer identity verification to meet KYC guidelines. Failing to do so exposes the company to serious …

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