Leading KYC & AML compliance solution
An Insider’s Look at RegTech
Many who are knowledgeable about Know-Your-Customer (KYC) and Anti-Money Laundering (AML) come from a financial institution background. They have a keen awareness of the challenges in maintaining high standards of compliance. These requirements apply not only to banks but also to companies and platforms that partner with credit unions and

What do you need to know about sanctions and how to avoid risks
The tense international situation provoked the introduction of new sanctions restrictions. A natural question that arises for every entrepreneur is how to find alternative solutions. How can they continue working given the current situation? To answer these questions, it will be necessary to consider several important innovations that will help

Why is classic KYC not enough to meet all business needs?
Protecting the business from risks and rash steps is what the head of every large company thinks about. Cooperation with unproven brands or clients can not only ruin the reputation but also cause irreparable damage. That’s why many people use the KYC principle ("know your customer"), which

Identity proofing: what is it and what is it needed for?
Security systems have become part of our daily life. To unlock our phone, we use face recognition, and to enter the banking application, we use a fingerprint. Hospitals, financial institutions, our phones – all of them use a recognition system to ensure that you are the owner of the data and

What is Identity Verification? Understanding Its Importance and Benefits
Introduction for the newbies What is identity verification? Identity verification is used in various fields, from banking institutions to hospitals. After passing the check, the person confirms that it is he who performs specific actions and this is not an attempt to cheat. This system is used by financial companies.

KYC Pros and Cons: Evaluating the Benefits and Challenges of Customer Verification
Banks and cryptocurrency exchanges, the activities of which are based on financial transactions, resort to the “Know Your Customer” system. The KYC rules ensure verification of a person's identity for participation in illegal organizations, seized accounts, or possible sanctions. Before making your first transaction, you need to submit

How does knowing your customer process work?
All financial companies use KYC as a set of requirements for identity verification. Thus, banks and crypto exchanges know who is registered on their platform and uses their services. Let's take a closer look at the verification process. While it differs from company to company, the purpose is

Introduction to KYC
What does KYC mean? KYC is an identity verification procedure used by all financial institutions from crypto exchanges to national banks. Know Your Customer identifies a person for security purposes and builds trust between customers and service. This system was created as a means to stop financial transactions for money
