KYC and Bitcoin: What You Need to Know

Bitcoins and U.S. dollar bills: KYC, bitcoin, and what you need to know.

Cryptocurrencies are an increasingly popular financial asset. According to data provided by CoinMarketCap, the total global value of cryptocurrency exceeds $1 trillion in June of 2022. While there are more than 15,000 cryptocurrencies, the most prominent digital currency—Bitcoin—still accounts for nearly half of the total value of global crypto-assets. Gone are the days when Bitcoin […]

What Are the Steps in the KYC Verification Process?

Man holding phone viewing bank account: Steps in the KYC verification process.

Companies and organizations need to know exactly who they are doing business with. Beyond protecting their financial interests in a general sense, companies and organizations must comply with all applicable KYC regulations and anti-money laundering (AML) policies. KYC is especially important for firms that offer any sort of financial services—although the principles extend to many […]

KYC Verification: Your Complete Guide

A customer using Apple Pay at checkout: KYC verification and what you need to know.

Know Your Customer (KYC) is a set of internal identity verification procedures for confirming the actual identity of a potential new customer before opening an account or processing applications for major financial transactions. KCY Verification plays a significant role in the fight against financial crime. Here’s what you need to know about KYC, who needs […]

CCPA Compliance Requirements & What You Need to Know

Caution cone on a keyboard symbolizing the importance of protecting online date: CCPA Compliance Requirements and What You Need to Know

Any company or business operating in California and collecting personal information from customers or clients residing in the golden state must comply with the California Consumer Protection Act (CCPA). This also applies to companies or businesses headquartered in or operating from another state or country. Considered one of the strictest privacy laws in the United […]

Age Verification and the Importance of “Thick” Data Leveraging

Businesses and organizations across the private and public sectors rely heavily on the use of data analytics to provide valuable and effective products and services to customers. Optimizing the customer experience now depends on a business’ ability to process a vast and growing volume of consumer information. However, the sheer amount of data can be […]

Best Practices for Digital Identity Verification

The constant evolution of identity fraud tactics requires companies to implement flexible, low-friction, risk-based approaches to combating criminal fraud. Traditional approaches for ID verification rely on static personal identity information (PII) like the name, address, Social Security number, date of birth, and phone number of an individual. However, when considered in isolation, these elements are […]

How Do Risk Managers Use Identity Verification?

Cyber-fraud criminals are sophisticated, well-funded, and adapt quickly to exploit weaknesses in new platforms, software, and mobile devices. As a result, the number of cyberattacks continues to grow while identity fraud prevention plays catch-up. The key for risk managers is to find an identity verification solution that is fully customizable but also easily adaptable to […]

Is SMS The Only Option for Your Business?

Information and communication technologies have evolved rapidly over the last several decades. Today’s smartphones are more powerful than desktop computers used in the 1980s and 90s—despite being a fraction of the size. This rapid technological expansion has brought with it innumerable blessings and challenges for consumers and businesses alike. While the infiltration of tech into […]

What Is a Thin File and How Do You Verify It?

According to a 2017 World Bank survey, roughly 1.7 billion adults worldwide do not have an account with a financial institution or mobile money provider. The vast majority of these people live in developing economies where volatile currencies and weak banking systems make the idea of opening an account seem riskier than it’s worth. However, […]

Best Identity Verification Solutions for Online Gaming

Over the course of the past few years, online gaming has seen an unprecedented surge in popularity. Along with the growing number of legitimate users, fraudsters and criminal organizations are becoming increasingly savvy in how they exploit online gaming platforms for numerous financial crime activities. In order to protect your online gaming platform from exploitation, […]

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