Two legislative acts in the European Union hold the potential to significantly change the operations of digital marketplaces, which are critical to providing shared spaces for users to interact and transact. The Digital Services Act (DSA) will require that digital platforms fairly and effectively oversee their communities. The Digital Markets…

Money services businesses (MSBs) — a catch-all term used by financial regulators to describe the broad spectrum of businesses involved in converting or transmitting money — represent a significant part of the economy. The term covers a wide range of business services because the options are much more diverse than…

In spite of the recent price crashes, cryptocurrencies continue to gather momentum with investors from all walks of life. Initially, crypto enthusiasts were those on the cutting edge of the tech world, but today the demographic is broadening by the day. No surprise then that, in parallel to this growth…

Demand for online platforms is rising, but there aren’t enough suitable developers to answer the call. Fortunately, there is a rise in no-code development tools enabling the creation of websites, apps and business portals that are far more accessible than ever. Should you create your business tools using an API…

Digital transformation is changing the nature of business and the digital onboarding process is becoming the default way to onboard new customers. The onboarding phase is crucial for converting prospects to customers and allows you to integrate numerous services. …

When it comes to onboarding individual or corporate clients, risk assessment is essential. Performing Know Your Customer (KYC) and Anti-Money Laundering (AML) risk assessment checks help ensure compliance, deter fraud and provide insights into your new clients and their activities. Risk assessments are a fundamental part of a risk-based approach…

Denmark is a digitally advanced country where every citizen has a CPR personal identity number. The CPR number allows a person to access bank accounts, health institutions, receive government letters, and sign documents and agreements through local services like NemID, NemID Signatur, CPR or MitID. The same system came in…

The U.S. is one of the largest and most influential crypto markets. In 2021, it saw the highest cryptocurrency gains, with investors gaining $47B in value. It has the second most number of crypto investors, after India. And it saw 44% of crypto owners adopting it for the first time…

An address is a vital identification attribute to verify a person’s identity. Proof of Address is often requested when opening a bank account or other government account to confirm residence, help Know Your Customer (KYC) compliance and prevent fraudulent activities. Proof of Address also ensures services are only available to…