Identity Verification Blog
iDenfy welcomes Ripon Bhowmik, a business development professional. Ripon serves as the Director of Business Development in the South Asia Region at iDenfy, in charge of building the company’s global sales organization and business expansion. A Business Development Professional Ripon has been working in business development for most of his career. He comes to us…
Over the last few years, the crypto market has come a long way. More and more people are investing in digital currencies, and some are also looking to launch their blockchain-based projects. Every day we see a new crypto project being covered by crypto news blogs and websites. In this blog post, we are going…
The emergence of deepfake technology has become a significant concern for individuals and businesses. In recent years, it has become the favorite tool of fraudsters for obtaining personal information for identity-related frauds. This post will explain what deepfake is, how it is used, and what you can do to prevent it. Fraudsters are becoming innovative…
Image manipulation in identity verification has become a significant concern for businesses across the globe. In this post, we will find out what exactly is image manipulation, and how technologies like AI, CNN, and Special CV filters can help us detect this manipulation. Identity theft is a serious issue all over the world. Every year,…
The terms identification, verification, and authentication are often used interchangeably. However, in reality, these are three different approaches that play a crucial role in keeping your systems and resources safe from identity thefts and data breaches. In this post, we will explore these terms and understand their roles in identity verification. Undoubtedly, digital transformation has…
Identity management is an ideal way to identify, authenticate, and authorize people to access specific systems or services. However, it has some security and privacy issues. Fortunately, blockchain technology can be a solution to those issues. This blog will guide you on what exactly Blockchain technology is, and how it can give power to identity…
Even if identity theft is a rising worry, it has a solution. This article will guide that artificial intelligence (AI) and machine learning is an ideal way to minimize identity theft risk. Identity theft has turned into big trouble all across the globe. Over the past few years, the world has witnessed several unexpected identity…
How to choose the best identity verification provider for my company? What they can offer for my business? Primarily, they provide a platform for businesses to onboard customers remotely. They can also help minimize fraudulent practices, a consequence of which is also the mitigation of risks that crop up during online transaction processing. With identity…
If you think biometric face recognition systems are not vulnerable to spoofing attacks, you’re mistaken. Over the past few years, biometric face spoofing attack have increased significantly all across the globe. Nowadays, hackers are trying everything possible (from 3D mask to printed photos) to bypass biometric face authentication systems. Even they’re using photos from Facebook…
Biometric authentication is indeed an advanced technology that takes into account the biometric data retrieved from a physical user to cross-match these details against a particular device or security area which the person is trying to access. Suppose you want to fully secure an area or a particular digital asset from unauthorized personnel, your best…
What is AMLD5 (Anti Money Laundering Directive 5)? Why AMLD5 is important and necessary? Danske Bank case, Panama papers, and paradise leaks are some of those money laundering scandals that have taken the entire world by storm. Such revelations of fraud have compelled governments and regulatory authorities across the globe to take rigorous steps to…
Over the past few years, money laundering has turned into a disaster for firms and institutions associated with the financial sector. As a result, governments have been actively looking for innovative ways to fight against money launderers. They are putting various policies in place to prevent money laundering called anti-money laundering policies. In this post,…
What is KYC? For anyone who is not familiar with this acronym – Know your customer regulation. How well do you know your customers and are you sure that they are not linked with any criminal or fraudulent activity? KYC refers to a process verifying the identity of your customers, be it beforehand doing business…
What is identity verification, and how it works? It is a question which often comes to our minds in nowadays world. What is identity? An identity can be a series of specific claims that describe an individual. They may be comprised of fingerprints, date of birth, ethnicity, and other permanent traits. Traits that are semi-permanent might…