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If your company is required to meet Know Your Customer regulations, you may be interested in learning about new ways how to do so. One of how you could meet KYC requirements is through a customer’s cell phone.

It sometimes feels like every generation has its own trend in the market that causes a huge flood of speculation and investment, only for the bottom to fall out and values to come crashing again. These “bubbles,” where the value…

The Internet has revolutionized the world of financial interactions. With automated transactional systems, en-encryption, and user-friendly forms of verification and authentication, it is both safe and convenient to buy or sell products and services online. This includes everything from hand-made…

As technology continues to become more and more prominent in our lives, our ability to connect with one another becomes more and more possible. However, one of the areas where people have struggled to keep up was with verification processes.…

The United States recently enacted a measure that changed how individual states issue licenses. Millions of Americans will soon be going to their local state government to receive an updated ID. However, one of the many ripple effects that this…

Over the past few years, more and more countries have begun investing in anti-money-laundering (AML) efforts. Many national governments have passed initiatives mandating how companies must approach AML efforts.

As we’ve allowed technology to play more and more of a prominent role in our lives, we’ve managed to expose ourselves to considerable risk Account takeovers and identity theft have grown to become significant concerns for both individuals and businesses.

Over the past couple of decades, business has grown more and more global. This has revolutionized the financial landscape significantly. One of the ways how the economic landscape has changed is in terms of global identity verification.

If you’re a company in Europe, you may have recently heard about the Revised Payment Service Directive, otherwise known as PSD2. The European Parliament adopted these rules on October 8, 2015, to help foster a safer system for European payments.

At AU10Tix, we continually seek to provide our customers with the most advanced technology available. Not only can our technology help ensure that companies remain compliant with local regulations, but it also helps to protect financial institutions from those looking…

The rise in technology that has occurred over the past decade has changed how we conduct business. It has also presented new challenges for how we protect our sensitive information online. One of the areas where the marketplace is most…

Around the world, countries have been stepping up their anti-money laundering efforts in an attempt to keep citizens and businesses safe. One country who has recently stepped up its anti-money laundering efforts is Chile, who recently launched new KYC regulations…

As the popularity of cryptocurrencies has risen across the world, many governments have taken measures to safeguard their citizens. One such example can be seen in Mexico, where the government recently instituted new KYC regulations that are set to go…

Over the past couple of years, as KYC regulatory compliance has become more and more necessary, one of the programs that has gained popularity is liveness detection. Liveness detection is a complicated procedure that involves analyzing multiple features of an…

Over the past couple of years, Africa’s financial tech industry has taken off. There has been a significant rise in mobile money. However, as you could expect, the increase of financial situations has also resulted in the need for ID…

Statistics show that roughly 4.4 billion people worldwide use the internet. Additionally, approximately 80 percent of Americans shop online, according to information from Pew Research. While this has increased our ability to stay connected and access information, it’s also paved…

Over the past few years, ID authentication and KYC regulations have become more and more prominent. Many governments have updated their KYC regulations to help prevent the chances of fraudulent or terrorist activity. One of the industries that should be…

Across the globe, it seems as though various countries have their own laws regulating identification and KYC requirements. Some companies are more aggressive with these requirements to cut back on money laundering and the funneling of terrorist funds. Other countries…

Over the past few years, KYC remediation and ID verification have become increasingly more critical. Even if it’s not required by law, participating in these practices could help protect sensitive information and your customers. Unfortunately, many companies use ID verification…

Over the past few years, companies have invested heavily in facial recognition technology. As a result, facial recognition technology has become increasingly prevalent in our daily lives. For instance, you can unlock your smartphone or laptop by using the stock…

Over the past few years, manufacturers have advanced the camera capabilities of their smartphones considerably. The first phones featured a single camera lens on the back of the phone. Soon after that, manufacturers started placing a camera on the front…

Today’s technology has made facial recognition more prevalent than ever. This is primarily due to AI-based machine learning. Machine learning technology now gives computers the capability to learn without explicitly being told to do so by a user. These computers…

Card issuers, banks, and financial institutions have a serious and growing problem. Money launderers are making use of the most sophisticated technology available to hide their tracks, and today’s risk analysts are often overwhelmed with false positives.

“Knowing Your Customer” or “Knowing Your Client” is integral for financial institutions and other businesses dealing with sensitive information. KYC remediation capabilities have grown considerably over the past few years, proving essential in keeping businesses safe. Recently, a new development…

Forex trading, otherwise known as foreign exchange currency trading, is a global market that regularly trades the world’s currencies. The decentralized exchange is considered the world’s most liquid market. Each day, the market sees an average trading volume of approximately…

It has been 14 years When the first crypto currency was launched, people benefited from it and while huge amount of people loose a lot of money due to ignorance and low security measure on wallets.

The mobile ID authentication is something that is highly regarded by the countries from all over the world. The best part of online mobile id is that it allows the users to overcome the issues and the fear that their…

Gone are the days when the cryptocurrency was considered to be one of those mediums of transactions which were considered to be untouchable. The EU is the first set of countries that have come up with the best and the…

The use of tech advancements is one of the best ways to make sure that the ID verification is performed with great accuracy. The ID verification is something that is highly regarded as one of the best and the most…

ID verification is becoming a complex process with the passage of time and it is all because of the fact that the criminals are also making significant advancements. This includes the understanding of the systems that are in place by…

Customer identification is something that is highly in demand and therefore it is regarded as one of the best and the most advanced way to implement other regulations. How can kyc automation save time for organizations? Here some of the…

There are several processes that require ID verification and each has its own importance. From bank transactions to entering another country it is important that the ID verification processes are followed to get that is required.

Despite the fact that the advancement in the technologies is leading to a good level of security and safety of the customers online but still there are problems. This concept of synthetic IDs is not new and there have been…

Compliance is the key to success when it comes to banks from all over the world. For the banks the compliance processes that have been developed by the specialists should be simple and state of the art.

About 2/3 of the people around the world use mobile phones to make sure that they remain in contact with others.

If you work for a financial institution, you’ve likely heard of the phrase, “Online Identity Verification.” Online identify verification allows companies to identify customers from anywhere in the world in a matter of seconds. Online identity verification technology has come…

This past July, the Fifth Money Laundering Directive – also known as 5MLD or 5AMLD – went into effect. Members of the European Union must abide by the laws outlined in this regulation no later than January 20, 2020. As…

No matter if your company exists in the United States or European Union, there’s a good chance that you must meet AML rules and regulations.

We’ve spent a reasonable amount of time talking about cryptocurrency regulation in the European Union, primarily how it changed thanks to the Fifth Anti-Money Laundering Directive. However, one of the countries that deserve special attention when it comes to cryptocurrency…

Over the past year or so, cryptocurrencies have worked their way into the spotlight. The digital currencies allow consumers to complete anonymous transactions thanks to blockchain technology – a blessing to consumers and those involved with illegal activities, but a…

It is important to note that the world is connected to mobile phones, tablets, and other connecting devices. The use of latest technologies for improve mobile authentication.

With the best and the most advanced outcome on the money laundering stoppage, the APG is regarded as one of the most effective groups.