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All Blog Identity Verification KYB/AML Regulations by Country Use Cases

The progress of our society and the world we live in is accelerating at an ever-growing pace. With rapid changes unfolding as we go, people ought to change their habits and behavior to adapt and stay practical. One has to run just to stay where they are – and those who reject ways of the new are doomed to fall behind and be overwhelmed by novelty.

PEP stands for Politically Exposed Person. But what exactly does this term mean, and why is it essential to understand? Find out in this blog post.

KYB, or Know Your Business verification, is crucial for onboarding and monitoring corporate clients. Learn how to onboard your partners, identify the individuals controlling the organization and help prevent money laundering.

Every year, on August 27, iDenfy celebrates its birthday. What does that mean for us as a business, and how much work and effort did it take to build a global business? Get a glimpse into the behind-the-scenes and discover how we’ve managed to scale from KYC into a leading RegTech hub.

Synthetic identities are more popular in the United States due to the heavy reliance on personally identifiable information (PII), like Social Security Numbers (SSNs), for identity verification. As a result, synthetic identity fraud is currently the fastest growing form of financial crime in the US.

As the financial and banking sectors shift more and more of their services to digital platforms, the need for remote identification services is higher than ever. But more reliance on digital platforms means more significant cyber threats. Fraudsters and scammers are getting smarter with each day, looking for an opportunity to pounce on prey.

Digital onboarding is the remote process of bringing a new customer into a company or enrolling a new user in a service, usually through their mobile device. Its primary aim is to confirm the identity of the individual being onboarded, ensuring that they are indeed the person they claim to be.

We dive deeper into the phenomenon of the PDF417 barcode and find out how it’s related to the modern identity verification process.

Get some valuable insights about the diverse methods employed for age verification, including cutting-edge technologies and industry best practices. Read more to learn how companies ensure compliance with age restrictions and KYC regulatory requirements.

A proxy is a type of web connection that helps users bypass the network filtering system by changing the user’s IP address. In this article, we go deeper into the world of cybersecurity and one of the most fascinating concepts — proxies.

When you start dealing in business, companies usually focus on the profit instead of who they’re dealing with. But as times change and online frauds increase staggeringly, companies are taking customer identity verification and due diligence very seriously.

Artificial intelligence, machine learning, and deep learning technologies have become widely accepted and are now being embraced by businesses worldwide. While these technologies offer significant potential to enhance operational quality within the corporate realm, they also possess the capability to potentially disrupt various established markets.