Verifying Identity – How is it done, and what are the main steps involved

As the world has moved online, the need for identity verification has increased. Businesses need to know about their customers, wherever they are in the world. But how can they do that if there is a distance between them? The answer is online identity verification. Verifying identity is essential for many companies operating online, from

ID verification service

ID verification service helps you verify your customers’ identities. It also allows you to know if your prospective customer is telling the truth about who they say they are. Knowing exactly who you’re dealing with is critical for many organizations, especially when it comes to financial transactions. However, an identity can be hard to verify.

Identity Verification in the Art Market

Art has been a part of human history for thousands of years. From the first cave paintings to NFTs, as technology advances, so does the art and art market. Social media and online galleries have become a fantastic solution for artists to promote and sell their works. The online art world has become a place

Digital Onboarding

In an age when consumers expect everything to be available at their fingertips, swift and frictionless customer onboarding is essential to keeping them satisfied with your business. A customer’s first impression of your company will come from their onboarding experience. That will determine whether they become engaged users or churn before starting. Creating a smooth

Everything You Need to Know About The Metaverse

Metaverse has recently become a term that’s not only known for those who eagerly follow tech-related news but also for regular, everyday internet users. One of the reasons for the increase of its popularity was the recent announcement of the rebranding of the social media giant, Facebook Inc, and the change of its name to

What is KYC Verification and Why Does it Matter?

Know Your Customer (KYC) verification – a part of the Customer Due Diligence (CDD) process – has become the gold standard in regulatory compliance. It’s not just the financial industry that requires this process. With potential fines and reputational loss at stake, businesses everywhere must be actively working on verifying their customers properly. This will

Identity verification trends – part one: Industry development as a response to cybercrimes

We already know that the digital world’s transition is unstoppable for many industries. Every one of us undertakes more and more activities online. We are starting to see online shopping as just shopping and mobile banking as just banking – like so many other industries. From this point of view, identity verification services have become

KYC Compliance – What Is It and How to Do It

Compliance with KYC regulations is a must for the financial industry but also for many other branches of business. KYC stands for Know Your Customer and it refers to the process of verifying the identity of potential customers. Effective KYC processes are the foundation of successful compliance or risk management programs. In recent years the

Credit Suisse and the consequences of bad customer due diligence

The high-profile scandal that shook the financial world continues. Credit Suisse, a financial firm in Switzerland, was accused, based on an international investigation by the German newspaper Süddeutsche Zeitung and Organized Crime and Corruption Reporting Project, of failing to apply due diligence procedures to its clients, amongst who were corrupt politicians, drug dealers, and criminals.

Benefits of using a video KYC service

In times of global digitization, identity verification is essential. A Video KYC service can be one of the main parts of customer onboarding. By using a service like that, institutions that require customer verification can maintain higher security, and their customers are guided through the entire process thus committing fewer errors that can occur during

Fully-Verified was created as answer to its founders collectively losing over $150 000 to various types of fraud in their eCommerce businesses.