05 Mar
Short KYC Guide – explaining the regulations and how they are going to affect ...
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
05 Mar
Video KYC is now an allowed method of identity verification in India
Video KYC now available in India RBI (the Reserve Bank of India) has now permitted fintechs, banks, and other financial institutions to use new customer onboarding methods. The focus is predominantly on video based solutions as these provide the most security. Video Based Customer Identification Process (V-CIP), as the RBI refers to video KYC, is
02 Mar
What can FinTechs teach banks about the importance of user experience – and ho...
Change is coming. In a survey regarding client onboarding in banks 40% of consumers stated to have abandoned bank applications and 39% of those abandonments were due to the lengthy process. Additionally, more than a half declared that they would be more likely to apply for a financial product if the process was fully online. These results give
14 Nov
7 Fraud Prevention and KYC Tips for online businesses in 2018
If you are among the three-quarters of businesses who recognise their need to improve in this area, then the following fraud prevention and KYC tips should help to make you aware of some of the key areas that you need to address.
14 Nov
What is identity theft and what are its repercussions?
What is identity theft and what are its repercussions? If you think you’re immune identity theft, let me set things straight. There have been almost 17 million cases reported in 2017. And I’m not talking about the whole world. Only the US. Moreover, the alarming part is that the number of reported cases has been steadily on
14 Nov
10 Types of Identity Fraud and Theft
10 Types of Identity Fraud and Theft Ever since the advent of the internet and the smartphone, our identities have been recreated in the virtual world. From online banking to online shopping, there’s plenty of place that require our personal information. Any unwarranted usage of our identity information could have catastrophic results on your savings
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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.
