05 Mar
Why you should not use a DIY solution for identity verification – and what you...
According to “Account Opening and Onboarding Benchmarking Study” by Digital Banking Report “at some banks customers abandon up to 90% of new account applications prior to their completion”.
05 Mar
Short KYC Guide – explaining the regulations and how they are going to affect ...
What is the relation of AML to KYC? 4 steps of KYC compliance 1. Identifying the customer and verifying their true identity.2. Assessing customer risk.3. Identifying the beneficial owner and taking measures to verify that person’s identity.4. Ongoing monitoring and record keeping. Customer Due Diligence Risk-based approachWhat is the difference between SCDD and ECDD?Simplified CDD
05 Mar
Video KYC is now an allowed method of identity verification in India
Video KYC now available in India RBI (the Reserve Bank of India) has now permitted fintechs, banks, and other financial institutions to use new customer onboarding methods. The focus is predominantly on video based solutions as these provide the most security. Video Based Customer Identification Process (V-CIP), as the RBI refers to video KYC, is
02 Mar
What can FinTechs teach banks about the importance of user experience – and ho...
Change is coming. In a survey regarding client onboarding in banks 40% of consumers stated to have abandoned bank applications and 39% of those abandonments were due to the lengthy process. Additionally, more than a half declared that they would be more likely to apply for a financial product if the process was fully online. These results give
Recent Post
Protecting Players and O…June 15, 2023
From Anonymous to Accoun…May 25, 2023
The Future of Identity V…May 10, 2023
Is It Time to Invest in …April 26, 2023
KYC in financial and ban…March 24, 2023
Fully-Verified was created as answer to its founders collectively losing over $150 000 to various types of fraud in their eCommerce businesses.
