Commercial real estate, because of its nature, is inevitably bound not only with frequent high-value transactions, tons of paperwork including contracts, leases and escrow documents, but also with managing and verifying hundreds of individuals and organizations which are a part of the business; each agent has to be included in a secure identity system to
UPDATEJanuary 2023 Why Anti-Money Laundering Is Important for businesses Forex brokers must verify and protect against fraud not only for the benefit of customers but also to to comply with regulatory requirements. Furthermore, they need to make sure they can verify their customers’ identities under the Know Your Customer (KYC) regulations. Financial regulations like KYC
It’s no secret that a great user experience can go a long way in the modern world. With so many options, users are quick to abandon products and services that don’t meet their needs. As companies move further into the digital age, they face new challenges that require innovative solutions. One of those challenges is
Cryptocurrencies and blockchain technology are making waves in different industries, with non-fungible tokens (NFTs) being the latest talk of the town. As cryptocurrencies have become more mainstream, so too has the use of blockchain for non-financial transactional services. This year alone saw a surge in the creation and trading of NFTs or digital assets stored
UPDATE January 2023 Identity Verification 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.
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.
Since the pandemic hit us in 2020 we tend to spend more time behind the screen of our phones or computers. That change has also affected the world of banking with the increased demand for digital presence. Digital banks have recorded 40% user growth in 2020 in the United States. The number of users has
The investigation called the Pandora Papers is the collaboration of journalists from all over the world. Among 2.94 terabytes of data they discovered are documents, emails, images, and more, that expose more than 400 politicians, billionaires, celebrities, and members of royal families around the world. Among them: the King of Jordan; the leaders of Ecuador,
Fully-Verified was created as answer to its founders collectively losing over $150 000 to various types of fraud in their eCommerce businesses.