Viktor Vostrikov

We’ve covered the new age verification law passed on 28th of April 2024 by the Texas state and shared the concrete steps to build identity verification procedure.

In the recent G2 2024 Winter batch reports, only 3% of the companies were recognized as industry leaders. G2 reveals that there is a 10% increase in the number of published reports in comparison with the previous quarter.

It’s an open secret that cryptocurrencies were introduced to tackle the problems of centralization and lack of authority in finance after the 2008 financial crisis. Though they have been used in illegal activities, they have ended up causing billions of dollars in damage. Read more.

The internet has been turned into a gold mine for data. Users have filled up their storage banks with millions of data pieces, defining who they are both digitally and IRL. But now Web3 has birthed a new idea by which humans can safely engage with their data through digital identity.

While the use of cryptocurrency for payment is gradually getting into the mainstream and inviting more users to experience what the fuss is about, regulators seek to implement more robust security measures to tackle the ongoing issue of crypto crimes.

Since 2002, more than 38 institutions in USA have reached settlements or pled guilty due to non-compliance with AML regulatory requirements and paid substantial fines in settlements.

When choosing an identity verification SDK, it’s important to know the key features to look for. Find out which ones are best suited for your needs.

KYC is a perfect choice for onboarding your customers. It is quick to do and provides all the required information the business needs to know. Coupled with the AML compliance tool, it might seem that your current onboarding process is complete. However, a missing piece here is customer re-authentication after the initial onboarding. This blog… Read more — Face Authentication: How It Completes Your Identity Verification Flow

iDenfy launches a face authentication toolkit to authenticate your existing customers by minimizing the account takeover threats There is a constant threat of account takeover to perform high-value transactions or change your sensitive account data. All of those actions should be secured using additional verification. Yet it has to be seamless and not make the… Read more — Improve KYC Process Using Face Authentication