20 Jan
Why Do We Need Customer Due Diligence?
Growing strictness of compliance regulations means that companies must improve their customer onboarding processes. That’s why, when running a company related to finance, it is worth having a documented CDD procedure in place. Customer Due Diligence allows checking what kind of customer we can deal with and allows you to control their activity within our
13 Jan
10 Tips for Successful Identity Verification
Identity verification has become a new normal for most businesses. What used to be a novelty or a curious new process is now a daily occurrence. In this day and age, cybercriminals are grasping every opportunity to violate users’ privacy and steal personal data, that they can later sell on the black market. Thanks to
09 Dec
2021 KYC AND AML Regulations Roundup
As 2021 comes to an end, let’s look back at what changes this year brought when it comes to AML and KYC regulations, rules, and policies around the world. It is safe to say that the year following 2020 – the time marked by the impact of the Covid-19 pandemic – has been all about
03 Dec
Identity verification service for digital banks
Since the pandemic hit us in 2020 we tend to spend more time behind the screen of our phones or computers. That change has also affected the world of banking with the increased demand for digital presence. Digital banks have recorded 40% user growth in 2020 in the United States. The number of users has
25 Nov
Identity verification service for marketplaces
Marketplaces have revolutionized the way we shop, responding to the needs of modern people with convenience, competitive prices and the ease of a few clicks. It is not so bold to say that the pandemic has accelerated the shift of trade to digital space. Despite rapid ongoing growth, there is a flaw in this idyllic
18 Nov
KYC for Crypto Exchanges
The increasing popularity of buying and trading cryptocurrencies worldwide has naturally caused a major growth in popularity of crypto exchanges. Binance, Kraken or eToro are names that ring a bell to anyone who decided to invest in crypto over the past few years. But, with the popularity of crypto trading, some questions started to arise.
11 Nov
Rise in cyberattacks forces companies to use identity verification
Companies across the globe have sped up their digitalization processes and enabled their employees to work from home. Those changes were mostly forced by the pandemic, but the implemented model is here to stay. As the result, a lot of companies have been more vulnerable to cyberattacks. Digitalization can be a lifesaver, or more a
04 Nov
National ID Cards – Trends and The Future
What is an identity card and what is its purpose? The history of passports and national identity cards slightly differs. The shape and format of the majority of today’s identity cards was only standardized in 1985, as opposed to the passports’ standardization in 1920. In the past decade, however, the national identity card documents went
27 Oct
Video identity verification for airlines – the digital revolution of the industry
2020 has become a pandemic year with unprecedented losses for many industries. Tourism and airlines were hit extremely hard with a record decrease of 73% in international arrivals compared to 2019. This catastrophic drop includes lost revenue of $371 billion and a 60% passenger reduction according to the International Civil Aviation Organization (ICAO). The projected
22 Oct
Job Search Scams and Identity Theft
The covid pandemic has hit many aspects of our lives including our workplace. A lot of people have lost their jobs, their companies, and their livelihoods. But after many lockdowns, the economy has improved and the job market is once again flooded with offers of employment. Unfortunately, scammers have also found a way to prey
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Fully-Verified was created as answer to its founders collectively losing over $150 000 to various types of fraud in their eCommerce businesses.