Top 10 KYC Solution Providers 2022
Fraud has become a successful business model with a whole fraud as a service niche. Traditional reports might not know how to properly research and evaluate risk caused by new models such as BNPL. In the past KYC has been seen as a necessary cost of doing business, it is now evolving to become a strategic competitive advantage. However, today, if businesses are not constantly looking at innovations in the Read More…
ComplyCube is a market-leading SaaS platform for automating Identity Verification (IDV), Anti-Money Laundering (AML), and Know Your Customer (KYC) Compliance, with customers across the globe and key sectors such as government, telecoms, financial services, healthcare, and e-commerce. Its cutting-edge technology combines Artificial Intelligence, trusted data sources, and expert human reviewers to offer the most powerful yet the simplest solution in the industry. Read More…
The lack of secure, credible, and verifiable identities of individuals in most African countries was real trouble for user identification and developing digital identities. Banks struggle to securely identify their account holders, resulting in unsurmountable financial frauds and losses due to identity theft. Similarly, NGOs have continually faced the challenge of disbursing cash Read More…
In today’s digital economy, scammers and money launderers have no place. To avoid fraud and financial crime, internet firms must know and trust that their clients are who they say they are and that they will remain trustworthy. Jumio employs AI, biometrics, machine learning, and validated liveness detection to help an organization convert more consumers faster Read More…
Over the last few years, KYC has undergone a massive transformation and met unprecedented demand. This is mainly due to the accelerated adoption of digital-first financial transactions in every aspect of our lives with new account openings required at scale. Furthermore, the emergence of Gen Z and millennials, the largest demographic of the nation’s population and, in many cases, are more inclined towards the digital-only ecosystem. Read More…
All of us today live in a digital-first world. Purchasing, lending, financing and transactions have all gone digital – making secure digital identity and Know Your Customer (KYC) diligence a primary concern for any business online – which, let’s face it, is all of us. Phone numbers are a unique identity anchor that help fintech, gaming, marketplace, and ecommerce enterprises solve a myriad of KYC challenges.Read More…
The Global Legal Entity Identifier (LEI) Foundation published a report stating that in banking alone, senior salespeople can spend up to 1.5 days of their week onboarding new clients. Meanwhile, the LEI has been adding a lot of value to the KYC (Know Your Customers) process. It is a standardized and global organization identifier, centrally maintained by the Global LEI System, and each LEI is maintained in a free-to-use database of the organization identities. Read More…