2020 will be associated with the time of the pandemic. It was a year of challenges and changes in our lives. Lockdown has shut down many companies and forced the acceleration of digital transformation, which could have positive effects on many businesses over time. According to a statement from Microsoft, in two months they saw changes that would have taken two years previously.
With the introduction of quarantine, many of us moved our offices home. Thanks to technological progress, we were able to continue our work without exposing ourselves to contacts with other people. It is very possible that when life returns to normal, many employees will not return to the office and will continue to perform their duties remotely. In fact, many employees prefer this option, which saves time and money.
Not only work has moved to the privacy of your home. Schools and universities also closed and continued remote learning. Along with the prolonged government restrictions, universities have focused on the remote recruitment of new students. At the end of the year, the Finnish Haaga-Helia University started cooperation with us, and we helped them introduce new students to the recruitment process. The Haaga-Helia University of Applied Sciences specializes in educating experts for business and services, giving them space for research and development.
The pandemic affected the economy as much as it did our lives. The lockdown brought many companies down and governments were competing to save currencies from inflation. However, it was an extremely good year for cryptocurrencies. In December, the price of Bitcoin surpassed the 2018 record of $ 20,000 and continues to rise. More and more investors are interested in virtual currencies and set up wallets on cryptocurrency exchanges. However, as they are not regulated, this sector is also exposed to criminal activities such as money laundering and terrorist financing. It is very important to onboard only verified users. Therefore, at the end of 2020, BitBay signed a contract with us – the largest cryptocurrency exchange in Central and Eastern Europe and the third in Europe.
According to a World Bank study, the fintech market continued to grow during the COVID-19 pandemic with strong growth in all types of digital financial services. Due to the popularity of online shopping, the amount of digital payments has increased in particular. As with cryptocurrencies, it is extremely important to know that these transactions are safe. They are thanks to the identity verification of the users that we carry out for Epayblock payment platform. We have also started cooperation with the ARIA fund, which invests in technology companies from Central Europe, and with Halo Financial, which specialize in international money transfers.
In 2020, a lot has changed in the field of medicine as well, and it’s not just about the vaccine. At the beginning of the year, many of us were unable to see a doctor for fear of contracting the virus. Telemedicine came out against it. Previously, the possibilities of providing remote healthcare services were severely limited, and the challenge was to verify information about patient identity. That is why the Dimedic clinic, which is an online clinic operating in the European Union, has established cooperation with us.
It was a year of great development for our company. Our team has doubled and is still growing. We are constantly improving our process and the stability, performance and speed of our system. We try to make our service widely available, which is why we are constantly adding new browsers to those supported by us. The last one was Safari, we also plan to expand the availability to mobile browsers.
The changes that started in 2020 will continue and more and more companies will be offering their services online. The trust of customers and their safety will be important to them, as with the increase in the availability of online services, the number of related frauds is also growing. It is worth being prepared for all possible situations and protecting your company and customers from potential attacks. It is easier to do this with the help of professionals. Fully-Verified’s mission is to help our clients run their businesses safely.
Fully-Verified was created as answer to its founders collectively losing over $150 000 to various types of fraud in their eCommerce businesses.