26 Apr
Verifying Identity – How is it done, and what are the main steps involved
UPDATE January 2023 Verifying Identity – How is it done, and what are the main steps involved Verifying identity is essential for many companies operating online, from banking to education. It is required by law and supported by legal frameworks almost everywhere in the world. Facebook Twitter LinkedIn But what does verifying identity exactly mean?
25 Apr
ID verification service
ID Check Fully-Verifieds’ID verification service Knowing exactly who you’re dealing with is critical for many organizations, especially when it comes to financial transactions Book a free demo What is an ID verification service? ID verification service provides a vital safeguard for businesses in today’s digital world, especially those transacting online or remotely. The process allows
20 Apr
Identity Verification in the Art Market
Identity Verification 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.
18 Apr
Digital Onboarding
Update February 2023 Digital Onboarding In an age when consumers expect everything to be available at their fingertips, swift and frictionless customer onboarding is essential to keep them satisfied. A customer’s first impression of your company will come from their onboarding. That will determine whether they become engaged users or churn before starting. Creating a
14 Apr
Everything You Need to Know About The Metaverse
Identity Verification 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
12 Apr
What is KYC Verification and Why Does it Matter?
KYC 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
07 Apr
Identity verification trends
Identity Verification Identity verification trends Facebook Twitter LinkedIn 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
04 Apr
KYC Compliance – What Is It and How to Do It
KYC Compliance KYC Compliance: Upholding Trust, Protecting Integrity KYC (Know Your Customer) compliance service is a process through which businesses verify the identity of their customers and assess the potential risks involved in doing business with them. This is typically done to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, as well as
28 Mar
Credit Suisse and the consequences of bad customer due diligence
Identity Verification, KYC 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
09 Mar
The Benefits of using a video KYC service
Identity Verification, KYC The 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 verification of customer can maintain higher security, and their customers are guided through
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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.
