KYB: What’s The Difference Between KYC
The complexity of money laundering might be a challenge. With the right tools and proper risk assessment, the dangers of fraud can be controlled. More businesses have become aware of this issue, trying to minimize the risks with KYB or Business Verification. Despite that, the question remains ‘How?’, as the number of millions for non-compliance …
Gabija Stankevičiūtė
How to Create a Strong Password and Stay Safe Online
Are you using ‘test1’ as your password? If so, we’ve got some bad news for you — you’re practically volunteering to become a target for fraudsters. That’s why it’s time to leave ‘password’ and ‘123456’ behind. Believe it or not, many are struggling to maintain their password hygiene in this dangerous digital age. Unfortunately, recycling …
Gabija Stankevičiūtė
eKYC Explained: The Road to Ultimate Digital Onboarding
One thing’s sure. We live in a modern age of technology that has many perks. With the help of the internet, you can find an answer to a complex question in seconds. Such power comes with risk. Today, one of the most talked-about topics is data breach and how the numbers of identity thefts and …
Gabija Stankevičiūtė
Gintarė’s Guide To Leadership: Empathy Is Key
While many face different challenges at work, iDenfy strives to concentrate only on the positives. Of course, the major growth of the team proves that it’s working – we’ve almost doubled the number of our amazing colleagues in 2022. The bigger squad came with more responsibilities and opportunities. Today, we’re diving into another dedicated, hard-working …
Gabija Stankevičiūtė
AML Screening and Ongoing Monitoring: the Guide
It’s no secret that money laundering is an issue that raises some concerns. The term was created at the beginning of the 20th Century when the world’s economy was affected by organized criminals or corrupt politicians. At that time, their earnings came from gambling, extortion, bribery, and theft. Naturally, the need to define the situation …
Gabija Stankevičiūtė
Presenting Viktor Vostrikov: One App, Big Responsibilities
iDenfy’s team has started to snowball in the past year. You might have already met my colleague – Raminta – and now, it’s my turn to tell the exciting story of how my journey at iDenfy began, and what it’s like to work in the diverse environment of the Fin-tech industry. I’m Viktor Vostrikov, and …
Gabija Stankevičiūtė
Dangers of the Dark Web: How to Protect Yourself?
The internet is massive, with millions of websites, forums, servers, and databases that exchange information 24/7/365. But that’s only the “visible” side of the internet, which means that all these sites and servers can easily be found using Google and other search engines. This is the surface net, and below it is a different story …
Gabija Stankevičiūtė
What is Phone Number Verification & How is it Reliable?
As many organizations worldwide continue on the path to go digital, it is now more important than ever to establish a sound relationship with their clients. Having the contact details of the customer is crucial not only for the purpose of exchanging information – it is also a vital part of Know Your Customer (KYC) …
Gabija Stankevičiūtė
Highlights of 2021 – a Year of Growth For iDenfy
What a year! In 2021, iDenfy experienced a great number of exciting partnerships, attracted talented new members, reached a milestone in sales revenue, created various useful products, and received an assembly award for accomplishments in the identity verification world. The mission to stop fraud isn’t easy, but this year’s rapid growth showed that anything’s possible. …
Gabija Stankevičiūtė
Raminta Bastikaitytė: Colorful, Punctual, Ambitious, and Motivated
The working environment at iDenfy is far from dull. But don’t just take our word for it – we’re here to introduce the perspectives of our employees. Raminta Bastikaitytė is the Head of the Verification Department at iDenfy. She will be the first to share about herself and her experience at the organization. Distinctive Hobbies …
Gabija Stankevičiūtė
NFC Identity Verification Process
2021 marks the second year of the global pandemic and another year where the digital world proves its importance in today’s life. With digital communication turning a new page and service providers starting a new phase in online service delivery, online identity verification has become a valuable and critical part of the Know Your Customer …
Gabija Stankevičiūtė
Fraud Scoring – Real Time Risk Monitoring
A prevention and detection tool is designed around fraud scores to indicate how high or low fraud risks are. These risk detection solutions allow financial institutions and other businesses to ascertain if the parties they are dealing with are genuine or not. Since financial transactions between such parties are a complex process, there is a …
Gabija Stankevičiūtė
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