Managing KYC Dilemmas: In-house vs. Outsourced Solutions
When it comes to KYC, businesses usually maintain their own compliance team while outsourcing AML screening or biometric checks to automated KYC solutions. However, as
June 30, 2022
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Optical Character Recognition (OCR): How to Easily Scan ID Documents
When it comes to Know Your Customer (KYC) checks, businesses process many identity documents manually or by using solutions with limited automation. This entails inaccuracies
June 27, 2022
Customer Identification Program (CIP) vs Know Your Customer (KYC): What’s the Difference?
Customer Identification Program (CIP) and Know Your Customer (KYC) are two important terms that businesses need to understand to comply with governmental regulations and prevent
May 31, 2022
How KYC Providers Can Help Crypto Businesses Scale
More and more countries are putting crypto companies under the scope of Anti-Money Laundering (AML) regulations. Accordingly, crypto businesses have to implement Know Your Customer
May 25, 2022
What is KYB and How Does It Work?
Fraud and money laundering are growing threats to the B2B industry. In 2021, 98% of B2B retailers, manufacturers and marketplaces had experienced financial losses due
April 28, 2022
Crypto KYC Guide: How Virtual Assets Are Regulated
Everything you wanted to google about KYC in one article. Virtual assets have become a visible part of the financial system over the last decade,
April 28, 2022
How to Onboard Users in Nigeria
In the last few years, Nigeria has become a major fintech player in Africa. The country has produced 5 out of Africa’s 7 unicorns so
March 21, 2022
Identification, Verification, and Authentication—What’s the Difference?
People go through either identification, verification, or authentication on a daily basis—whether it’s opening a bank account, making online transactions, or creating a new social
March 13, 2022
KYC Guide 2022—What’s KYC and Why is It Important?
Everything you wanted to google about KYC in one article. Whether you’re new to customer verification or experienced in customer onboarding, this page contains many
March 1, 2022
Multi-Accounting: What Industries are Under Threat and How to Stop It
Mark saw that his favorite carsharing service is offering lucrative discounts for new customers. He decided to take advantage of this promo by creating another
February 24, 2022
How Can Banks Benefit From Facial Biometrics Solutions?
In recent years, the use of online and mobile banking has increased, while more and more physical branches have shut down. In 2021 alone, as
February 16, 2022
Sumsub Mobile SDK: Fast Customer Verification That Works Right in Your App
In the world of e-commerce, consumers now prefer using mobile apps over websites to access goods and services. Today, apps take up to 90% of
December 13, 2021
