Company Archives

10 Best KYC Software: Detailed List With Features, Price, Pros, and Cons

Are you seeking a reliable and efficient Know Your Customer (KYC) platform to automate KYC processes? Do you struggle with customer identity verification and want to avoid KYC and AML violation penalties? Customer identity verification helps avoid identity thefts and impersonations, which are a common challenge today. A Federal Trade Commission report states that over […]

Real-Time Fraud Detection – Everything You Need To Know

Traditional fraud methods cannot detect fraud when it occurs. As fraud continues to evolve, traditional detection methods, such as manual review processes and rule-based systems, are no longer effective and efficient, posing a significant challenge for businesses. As the rate of online transactions grows exponentially, fraud detection becomes more complex. Businesses need to manage Artificial […]

Top 10 KYC Providers for Streamlining Identity Verification in 2024

Are you facing problems with customer identity verification while meeting regulatory standards? Nowadays, compliance with Know Your Customer (KYC) requirements is important. Therefore, choosing a reliable KYC provider is an effective solution you need. However, the challenging part is to find an efficient provider from the numerous options available in the market. Let’s help you […]

Top 10 Jumio Competitors and Alternatives for Your Business

The identity verification and KYC vendor landscape consists of several innovative players—Jumio is one of them. However, it is possible that Jumio may not be suitable for all your unique needs and use cases. Various other Jumio competitors in the market can better align with your identity verification goals in terms of accuracy & speed […]

Top 7 Fraud Trends — How to Prevent Them

Fraud poses significant risks to both businesses and customers, resulting in financial loss, diminished customer trust, reputational damage, and potential legal penalties. The solution lies in the implementation of robust fraud prevention strategies and staying informed about the latest fraud trends. This way, you can protect your business and maintain your customers’ trust. Also, if […]

Comprehensive Guide to CTR Banking: Currency Transaction Reporting in AML

CTRs (Currency Transaction Reports) are a leading facet of Anti-Money Laundering compliance and, therefore, become very important for the integrity of financial systems and in the fight against money laundering crimes. This exhaustive guide showcases the role played by CTRs in the banking and finance space, the elements therein, filing procedures, exceptions, and processes involved […]