BASIS ID, a global digital identity verification provider, and innovative Swag Corporate announce a partnership focused on streamlining… — BASIS ID, a global digital identity verification provider, and innovative Swag Corporate announce a partnership focused on streamlining verification and compliance processes for Swaggy, the SWAG App that allows using bitcoin with a euro bank account. The cooperation is aimed to pursue the following goals: 1. SWAG needs seamless, secure and 100% compliant verification for the digital onboarding of their customers. 2. In addition to liveness checks and biometrics, SWAG needs a fast and smooth address verification solution.

2020 has been a difficult year for all of us. Humanity experienced vicious natural disasters, global pandemic, civil unrest all over the… — 2020 has been a difficult year for all of us. Humanity experienced vicious natural disasters, global pandemic, civil unrest all over the planet. Just when we thought we’ve seen it all — something even more unprecedented arrived. A global economic downturn has driven an increase in searching for alternatives in an attempt to rescue one’s financial security through digital transformation across many sides of life and business.

What is behavioural biometrics, how exactly it works and learn the sophisticated differences between it and physical biometrics. — The increasing level of fraud in various areas of life, especially in banking, leads to the development of new types of customer identification. Behavioral biometrics is one of these. Despite its wide usage, for many people, it still sounds like something out of Science Fiction. …

BASIS ID, an innovative electronic identity verification company, providing KYC and AML solution, along with risk and fraud management… — BASIS ID, an innovative electronic identity verification company, providing KYC and AML solution, along with risk and fraud management services worldwide, is pleased to announce a successful launch of a new real-time, biometric e-ID verification software product called «Entr». The official launch date for Entr is 21st of September.

Recently, South Korea has approved new anti-money laundering measures for the digital currency sector. — The new rules came into force on April 25, 2021. They have imposed harder and stricter conditions on Virtual Asset Service Providers (VASPs) in managing risks of money laundering and other crimes related to it. These measures are the latest example of South Korea working hard to comply with new Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) directives in the virtual asset space.

There are many ways to build a compliant FinTech: from creating an in-house identity verification software to partnering with a KYC and… — FinTechs have a massive risk of being involved in money laundering, terrorist financing, or other types of financial fraud. However, some measures help reduce those risks. One of the tools to mitigate the danger of criminal activities taking place on your platform is KYC.

According to the United Nations Office on Drugs and Crime the amount of money laundered each year is 2% to 5% of global GDP. In order to… — What is address verification? Address verification is a process, during which you make sure that a person lives where they claim to live. It also ensures that address data is accurate and up to date. Address verification services can also check that the address is accurate and exists as well as whether it is…

Southeast Asia consists of 11 countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Timor… — 1. Indonesia is Making Cross-Bank Transactions Cheap There’s a global trend of moving from cash to cashless transactions. In Indonesia, however, 50% of transactions are completed with cash. In 2017, Bank of Indonesia (BI) in order to promote the sustainable development of cashless transactions introduced The National Payment Gateway (NPG) or as it’s known in Indonesian language…

5AMLD came into force on January 10, 2020 but do you know what your company needs to do about it? What are the biggest changes and how can… — European Union always strives to combat Money Laundering and Terrorist Financing. One of the measures for doing so is a set of regulatory requirements called Anti Money Laundering Directive or AMLD. Recently, on January 10, 2020 The Fifth Anti Money Laundering Directive (5AMLD) came into force. It was adopted on…