What is an MRZ?

Have you ever looked at your identity document and wondered what is this string of numbers and personal information at the bottom? It’s a machine-readable zone or in short MRZ and its purpose is to facilitate automated reading of basic personal details from the document during the verification process. An MRZ consists of two or

Advantages of the identity verification process for customers

When talking about the positive sides of the identity verification process, we often focus on the advantages that companies and institutions can experience. Compliance with regulations, a growing sense of security, adaptation to technological changes and increasing reputation are just some of the benefits felt by companies using the identity verification service. The process itself

User Authentication Methods

Many companies put us through multiple steps of verification to grant us access to their services. Everyday we go through identification, authentication and authorization processes and we may not even realise the steps that we are taking to log into an account. The need to prove the user’s identity is dictated by security reasons. With

Examples of the biggest KYC & AML compliance failure cases

Designed and created by pch.vector – freepik.com Strong KYC and AML strategies put into place are one of the most important things for businesses of any size. Whether a start-up or a well-established developed global corporation, the same rules apply to everyone in some industries. Depending on the industry and the regulations that apply, the

Data encryption – how important is for our cybersecurity?

Encrypting messages and breaking codes are activities that we associate mainly with detective stories full of action. We don’t realize how many aspects of our internet activity are encrypted. Not only the military or the government uses data encryption, but also companies from the e-commerce and finance industries. Our data is also encrypted daily in

What you need to know about the Dark Web and the dark market

Although the statistics on that matter vary, it is estimated that while browsing the Internet, we only get to see about 4 or 5% of the whole web. So called surface web consists of everything that we are used to seeing on the Internet: blogs, social media platforms, online stores, news websites, streaming platforms, and so on. However,

Everything you need to know about face verification

We see hundreds of faces every day. They look at us from the screens of phones, on social media platforms, we see them at work, at home, on the tram, and in the park. Human faces are such an obvious visual element for us, that we don’t think about how our brain recognizes and identifies

Evolution of document security features

Documents are an integral part of our lives. Without a passport or an ID card we would not be able to go on with our lives. Our functioning in today’s world would be impossible. Due to their importance, documents require adequate security to protect them against the possibility of forgery or alteration. Such documents include,

The future of remote work

The form of work outside the workplace was implemented at the end of the last century, then it was a response to the rapidly growing number of employees in the developing telemarketing industry. Remote work turned out to be a success, both employees and employers were fond of it. The savings in time and money

Identity verification in peer-to-peer lending industry

What is peer-to-peer lending? Peer-to-peer lending, also known as P2P lending or crowdlending, is a practice of lending money to businesses or individuals through online platforms that match lenders with borrowers in return for a fee. It is a way for borrowers to get funding without the involvement of banks, and for lenders to make