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All Blog Identity Verification KYB/AML Regulations by Country Use Cases

Synthetic identities are more popular in the United States due to the heavy reliance on personally identifiable information (PII), like Social Security Numbers (SSNs), for identity verification. As a result, synthetic identity fraud is currently the fastest growing form of financial crime in the US.

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.

Digital onboarding is the remote process of bringing a new customer into a company or enrolling a new user in a service, usually through their mobile device. Its primary aim is to confirm the identity of the individual being onboarded, ensuring that they are indeed the person they claim to be.

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 used today. The PDF417 barcode is a variable-length, 2D stacked […]

Get some valuable insights about the diverse methods employed for age verification, including cutting-edge technologies and industry best practices. Read more to learn how companies ensure compliance with age restrictions and KYC regulatory requirements.

A proxy is a type of web connection that helps users bypass the network filtering system by changing the user’s IP address. In this article, we go deeper into the world of cybersecurity and one of the most fascinating concepts — proxies.

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 and due diligence very seriously.

Artificial intelligence, machine learning, and deep learning technologies have become widely accepted and are now being embraced by businesses worldwide. While these technologies offer significant potential to enhance operational quality within the corporate realm, they also possess the capability to potentially disrupt various established markets.

Digital wallets have been around for more than a decade now. PayPal is one of the oldest digital wallets and was the first one to offer online banking services. And remember, when the global pandemic hit the world, online banking solutions and digital wallets became critical. Hundreds of households who suffered due to the lockdown used digital wallets to send and receive money.

The increased popularity in digital spheres, such as fintech, e-commerce, or iGaming, has opened new avenues for fraud, posing higher risks for businesses and consumers, such as identity theft or data breaches. In this blog post, we’ll explore the evolving types of fraud, their causes, and ways to avoid them more effectively.

Find the key tips on how to reduce fraud in the transportation industry through identity verification by ensuring both passengers and drivers are who they claim to be.

Cybercriminals violate individuals’ privacy to make identity-related frauds. In comparison to other forms of crime, cybercrime involves low risk and is lucrative. Consequently, cyber attackers engage in this fraud game to make money quickly. Luckily, you can prevent identity theft by investing in a powerful ID verification solution.