December 6, 2023
Virtual asset service providers, or VASPs, are entities that carry out exchanges between different forms of virtual assets or between virtual assets and fiat currencies. There are many different virtual assets out there. Today, they’re like digital representations of value that can be traded, transferred digitally, or even employed for payment and investment purposes. Read more.
December 1, 2022
While the use of cryptocurrency for payment is gradually getting into the mainstream and inviting more users to experience what the fuss is about, regulators seek to implement more robust security measures to tackle the ongoing issue of crypto crimes.
Since 2002, more than 38 institutions in USA have reached settlements or pled guilty due to non-compliance with AML regulatory requirements and paid substantial fines in settlements.
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.
Mobile identity verification SDKs are necessary for fintech mobile applications. The study reveals that 97% of millennials use mobile banking applications. As a result, KYC compliance is a must for financial institutions. The question could arise whether mobile SDK is required or whether web flow is sufficient. The truth is that not a single customer […]
July 24, 2022
KYC is a perfect choice for onboarding your customer. It is quick to do and provides all the required information the business needs to know. Coupled with the AML compliance tool, it might seem that your current onboarding process is complete. However, a missing piece here is customer re-authentication after the initial onboarding. This blog […]
iDenfy launches a new WordPress plugin to integrate identity verification into your WordPress-powered site seamlessly. Sometimes, you need a quick way to authenticate the customer inside your website. It could be an e-commerce website, online forum, or teaching platform. Regardless of the content, the goal is always the same – customer needs to be verified, and any […]
While some use art to awaken their imagination or express themselves, others see it as a great way to invest. You can argue about the taste in art or what piece to put in your living room, but one thing’s for sure: art has always been a part of luxury and an entry into the elite. It also comes with a huge price tag and a possible risk factor. In this article, we discuss how identity verification helps combat fraud in the art market.
October 20, 2021
The progress of our society and the world we live in is accelerating at an ever-growing pace. With rapid changes unfolding as we go, people ought to change their habits and behavior to adapt and stay practical. One has to run just to stay where they are – and those who reject ways of the new are doomed to fall behind and be overwhelmed by novelty.
August 10, 2021
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.
June 28, 2021
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.
May 24, 2021
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.
March 8, 2021
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.