How to Choose the Best KYC Compliance Software in 2023?

The size of the KYC compliance software market was USD 9.50 billion in 2022. And there’s no surprise here. The rise in identity theft cases is a key driver behind the increasing demand for identity verification solutions. So the real question is – which one’s the best? We prepared a full checklist to help your business choose the right KYC compliance software.

Gabija Stankevičiūtė

Proxy Network: Use Cases and Identity Verification Tips

There’s an ultimate feature that describes all cybercriminals accurately. Spoiler alert – it’s the fact that they want to stay anonymous. For years, proxy servers supported malicious actors, helping them blend in and conduct dangerous crimes. But can identity verification end this era?

Gabija Stankevičiūtė
The guide to decentralized identity in 2023

The Guide to Decentralized Identity in 2023

The internet has been turned into a gold mine for data. Users have filled up their storage banks with millions of data pieces, defining who they are both digitally and IRL. But now Web3 has birthed a new idea by which humans can safely engage with their data through digital identity.

Viktor Vostrikov

Understanding Web3 and its Security Measures

The static, the responsive, and the semantic are seen as how the internet has evolved. The evolution of web3 might be slow with current trends, but positive adoption is being noticed. The ultimate question that still gives headaches to some critics is the security factor. Tag along to find out more.

Viktor Vostrikov

KYC Guide: The Importance of Identity Verification for Online Gambling

More countries are legalizing online gaming, which led to gambling apps and online casinos being subject to KYC and AML rules. Find out what that means for the rising entertainment industry’s users and businesses.

Gabija Stankevičiūtė
NFTs and why KYC prevents fraud

Frauds in NFTs And The Need For KYC

NFTs are believed to be the web3 technological tool that would change the internet economy. While web3 believers have high hope for what NFTs will become, the fraudsters of the internet are making moves in every way to outsmart creators, collectors, and investors.

Viktor Vostrikov
eKYC: the Future of Verification

What is eKYC — Electronic Know Your Customer?

Explore the different benefits and opportunities that eKYC can bring to many industries and learn how to optimize compliance workflows.

Gabija Stankevičiūtė
NFC Identity Verification Process

NFC Identity Verification Process

Today, the majority of smartphones come equipped with NFC (Near-Field Communication) technology. As this advancement becomes more and more popular, businesses are looking into NFC chips and how they enhance the identity verification processes.

Gabija Stankevičiūtė
International Fraud Awareness Week

Fraud Week: What Is It and Why It’s Important

The discussion about fraud is ever-present in various industries worldwide – and for a good reason. Throughout the years, we, as a society, began to value transparency and fairness to a much greater extent than we did before. Fraud is directly opposing these values, and the demand for attention and prevention of fraud is rising […]

Gabija Stankevičiūtė
10 Tips for Successful Identity Verification with iDenfy

10 Tips for Successful Identity Verification with iDenfy

Richard A. Clarke, the former US National Coordinator for Security, once said, “If you spend more on coffee than on IT security, then you will be hacked.” The statement seems relevant in the current scenario. A report reveals that cybercrime damage costs might reach up to $6 trillion annually by 2021. Cybercriminals violate individuals’ privacy […]

Gabija Stankevičiūtė
Digital Identity & Customer Relationship

Digital Identity & Customer Relationship

Gone are the days when customers were loyal to one brand. Since they have many options, they can switch to your competitor any time if you don’t provide them with an exceptional user experience. Many businesses don’t realize, but customers are concerned about their data security, and the data protection counts for user-experience. So if […]

Gabija Stankevičiūtė
5 Ways Fraudsters perform Identity Theft

The Latest Ways Fraudsters Commit Identity Theft You Should Know

Every year, numerous businesses worldwide get hit with billions of dollars in losses due to identity fraud. They even don’t realize how they become the victim of identity theft. In this blog post, we’ll make you familiar with common ways fraudsters commit identity theft and solutions to prevent it.

Gabija Stankevičiūtė
Understanding: Machine Readable Zone

Understanding: Machine Readable Zone

Wondering what is a machine-readable zone (MRZ)? Do you want to know its role in identity verification? If the answer to these questions is “yes.” Read this blog until the end. MRZ or Machine Readable Zone is a particular area in an identity document (passport specifically) that encloses the document holder’s personal data. Nowadays, almost […]

Gabija Stankevičiūtė