Identity verification

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 new WordPress plugin to integrate identity verification into your WordPress-powered site seamlessly. Sometimes, you need a quick way to authenticate the customer inside your website. It could be an e-commerce website, online forum, or teaching platform. Regardless of the content, the goal is always the same – customer needs to be verified, and any… Read more — Empower Your WordPress Site with Identity Verification

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.

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.

Digital wallets have been around for more than a decade now. PayPal is one of the oldest digital wallets and was the first one to offer online banking services. And remember, when the global pandemic hit the world, online banking solutions and digital wallets became critical. Hundreds of households who suffered due to the lockdown used digital wallets to send and receive money.

Find the key tips on how to reduce fraud in the transportation industry through identity verification by ensuring both passengers and drivers are who they claim to be.

With technological advancements, the healthcare industry is increasing rapidly all across the globe. However, it’s also true that these technologies have brought new threats to the industry. We explore how identity verification helps.

Now we have e-learning platforms, applications and, more importantly, artificial intelligence, which has its pros and cons. Find out what dangers come with such advancements and how identity verification helps combat these issues in the education sector.

Since identity theft cases are growing rapidly, every business needs to set up an advanced verification solution to ensure that only authentic people are using their platform. Read more.