Published in The RegTech Hub·PinnedEnsuring cryptocurrency exchange KYC complianceCurrent interest in cryptocurrency is substantial; Bitcoin and other tokens have smashed through previous highs and many exchanges are scrambling to increase transaction capacity. However, all this industry buzz has drawn increasing scrutiny from regulators who want fair and safe markets, free from money laundering and other financial crimes. …Aml Compliance6 min readAml Compliance6 min read
Published in The RegTech Hub·Mar 13Layered Digital Identity Verification Can Enhance OnboardingDocument VerificationIdentity Verification Businesses that apply layered digital identity verification that adjusts to specific use cases and markets can strike the right customer onboarding balance of speed and security. Identity verification isn’t one-size-fits-all. Regulatory requirements vary across industries and countries. …Document Verification3 min readDocument Verification3 min read
Published in The RegTech Hub·Mar 6Layered Identity Proofing Can Enhance Security & TrustMarch 2, 2023 Document VerificationIdentity Verification Organizations navigating the digital economy can establish trust in customers’ real-world identities and enhance security by layering identity proofing capabilities. The “Market Guide for Identity Proofing and Affirmation” by Gartner® shows how companies face the challenge of balancing digital assurance with user experiences that…Document Verification3 min readDocument Verification3 min read
Published in The RegTech Hub·Mar 3Build Confidence With Automated Identity Document VerificationIdentity document verification adds a layer of confidence that people are who they say they are during digital onboarding and transactions. During remote onboarding, consumers provide images of identity documents — such as driver’s licenses, passports or national ID cards — and a live selfie for identity proofing. …Document Verification3 min readDocument Verification3 min read
Published in The RegTech Hub·Feb 15Accelerate Onboarding With Customized WorkflowsOrganizations that optimize customer onboarding can accelerate growth, achieve compliance across borders and meet customer expectations for speed and convenience. Traditionally, that hasn’t been an easy task. Creating and adjusting workflows, which are customer onboarding and regulatory compliance processes, can be time-consuming, costly and manually intensive. …Identity Verification3 min readIdentity Verification3 min read
Published in The RegTech Hub·Jan 4Payment Fraud Analytics Can Provide a Competitive AdvantageAnalytics can form the foundation for fighting payment fraud, mitigating risk and limiting costs. Fraud can take a significant chunk out of profits for eCommerce and other online operations. For instance, a 2022 report estimated that 3.6% of global revenue was lost to payment fraud. But fraud costs go beyond…Identity Verification3 min readIdentity Verification3 min read
Dec 27, 2022Payment Fraud Analytics Can Provide a Competitive AdvantageAnalytics can form the foundation for fighting payment fraud, mitigating risk and limiting costs. Fraud can take a significant chunk out of profits for eCommerce and other online operations. For instance, a 2022 report estimated that 3.6% of global revenue was lost to payment fraud. But fraud costs go beyond…Identity Verification3 min readIdentity Verification3 min read
Published in The RegTech Hub·Dec 12, 2022Navigating the global landscape of payments complianceRegulatory compliance tops the priority list for payment service providers but presents layers of local, regional and international complexity. Regulations vary among countries and financial institutions and can shift depending on payment method, amount and purpose. …Compliance4 min readCompliance4 min read
Published in The RegTech Hub·Dec 6, 2022Reassuring and protecting online marketplace customersRecent independent research from Trulioo found 87% of consumers have become more careful with their money during the past three years, and 74% acknowledged they are anxious about their finances. Consumers are increasingly drawn to online marketplaces for their speed and convenience, but those same customers have grown more cautious…Marketplaces2 min readMarketplaces2 min read
Published in The RegTech Hub·Nov 29, 2022Overcoming the challenge of obtaining U.S. money transmitter licensesMoney service businesses (MSBs) face the high hurdle of getting licensed in each U.S. state where they operate. That licensing can be expensive and time-consuming. According to one estimate, it can cost at least $1 million and take about two years to get a state license. Fintechs, crypto companies and…Payments2 min readPayments2 min read
