Since the first arcade games in the 70’s the gaming industry has risen exponentially over the decades. It is the biggest earning media sector beating music, TV and movies. Year after year the sales records reach new heights and the number of players is also increasing. It has been estimated that the industry has reached
Identity verification is a process that helps determine the accuracy of the information presented by an individual. It allows you to confirm the legality of the document, perform security analysis and identify the client so that we have no doubts that he is who he claims to be. Remote identity verification accelerated this process and
Personal information data is a valuable object and a key area of national security. The growing importance of information at the turn of the 20th and 21st century contributed to the necessity of its protection, and with the digitization of information and its globalization, this protection took on a new dimension. In modern times, dominated
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
How to choose the right identity verification tool for your business. Identity verification is a very important aspect for many businesses and it is difficult to imagine any activities without it. In a world increasingly filled with risk, due diligence in carrying out KYC processes and compliance with various regulations is essential in crime prevention.
Remote identity verification makes it easier to function in virtual reality. It allows companies, institutions, and organizations to confirm the identity of their customers and eliminate the risk of theft, fraud, and forgery. Today, identity verification is needed more than ever. Reports in various countries around the world show that identity theft, frauds
More and more banks make it possible to open an account without the need to visit a branch or without direct contact with the courier. All you need is a scan of your ID card, your own face and the account can be opened.
New Reality Protecting public health has become a matter of the utmost importance in connection with the spread of coronavirus. All sectors of the economy are suffering the effects of restrictions imposed by the government, prohibiting movement, and closing many retail outlets. Financial institutions, in particular banks, found themselves in an unprecedented situation. Even though
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”.
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