How Identity Verification is Helping Combat Cryptocurrency Crimes

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.

Viktor Vostrikov
AML policies in USA and compliance guide

AML Regulations in the USA: Everything You Should Know as a Business Owner

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.

Viktor Vostrikov
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

Top 3 Things to Look for in an Identity Verification Mobile SDK

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 […]

Viktor Vostrikov
Face authentication recognises a fraudster

Face Authentication: Why It Completes Your Identity Verification

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 […]

Viktor Vostrikov
Use WordPress plugin for identity verifications

Empower Your WordPress Site with Identity Verification

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 […]

Viktor Vostrikov

Identity Verification in the Art Market: All You Need to Know

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 […]

Gabija Stankevičiūtė
ID Document Verification as a Solution to the Challenges of the Digital

ID Document Verification as a Solution to the Challenges of the Digital

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 […]

Gabija Stankevičiūtė

Synthetic Identity Theft: How to Prevent it?

With the modern age growing upon us, it becomes increasingly difficult to adjust to the acceleration of technology and the various challenges it brings with it. Traditional mediums are quickly being replaced by their digital counterparts, and various companies, as well as institutions, are struggling to catch up to the rising needs of cybersecurity. A […]

Gabija Stankevičiūtė
Digital Onboarding: Definition, Types and How it Works

Digital Onboarding: Definition, Types and How it Works

With fast digitization that blurs the boundaries between the physical, digital, and biological world, companies focus on connecting with both employees and customers. And with the prevailing time over the world, there is a significant push to improve the existing digital onboarding. The move allows a company to boost its sales figures and public image […]

Gabija Stankevičiūtė
Why Age Verification Matters to Online Businesses?

Why Age Verification Matters to Online Businesses?

2020 changed the way the world functioned, leading to a redefining turn for the digital age. More people are engaging with technology and online network today than ever. And that has lead organizations and companies to design their business strategy with a 90% focus on online services. Providing online services is a practical, hi-tech, and […]

Gabija Stankevičiūtė
Identity verification for digital wallets

Identity Verification for Digital Wallet

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. As we reached 2020, when the global pandemic hits the world, online banking solutions and digital wallets become a critical solution. Hundreds of households who suffered […]

Gabija Stankevičiūtė
Identity Verification in The Transport Industry

Identity Verification in The Transport Industry

While digital transformation has been taking the logistics and transportation sector to a new height, it has made the industry an easy target for cybercrime. Cyberattack on Maersk, German Railways, and Kyiv Airport has stunned the entire transport industry worldwide. Until such incidents happened, no one ever imagined that the industry could be the target […]

Gabija Stankevičiūtė