KYC for marketplaces. Connect buyers and sellers in the most secure way

The challenge for marketplaces operators is to create a credible community by dealing with the uncertainty. Where does it come from? Buyers cannot be 100% sure that the seller will deliver the product. Sellers cannot be confident that the buyer is using their real identity. Trust is everything here. Identity verification service can support you

How proper KYC process can boost conversion rates?

Protecting your company from fraud is essential, but if you’re afraid that Know Your Customer (KYC) regulations will negatively impact your conversion rates or suffocate your business, you don’t have to worry anymore. Establishing your  KYC processes correctly can positively impact your business. It can speed up the onboarding process and engage your customers more

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

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

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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. Due diligence will

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.

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 the entire process thus committing fewer errors that can occur during

COVID-19 Tests With Video Observation

The global outbreak of the COVID-19 in the beginning of 2020, has caused a major disruption in the way the world works. The way customers join, operate and use platforms and services has undergone a massive transformation due to numerous lockdowns, which resulted in a growing number of online users and customers worldwide. Handling finances

Why Do We Need Customer Due Diligence?

Growing strictness of compliance regulations means that companies must improve their customer onboarding processes. That’s why, when running a company related to finance, it is worth having a documented CDD procedure in place. Customer Due Diligence allows checking what kind of customer we can deal with and allows you to control their activity within our

2021 KYC AND AML Regulations Roundup

As 2021 comes to an end, let’s look back at what changes this year brought when it comes to AML and KYC regulations, rules, and policies around the world.  It is safe to say that the year following 2020 – the time marked by the impact of the Covid-19 pandemic –  has been all about

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

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