Veriff Blog
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Latest articles
Blog
A new expression for Veriff: the story behind our enhanced brand identity
We are thrilled to unveil Veriff’s new brand identity, reflecting our next stage of growth and our mission to bring real safety, protection and transparency to the internet. Here’s more on why we did it.
KYC news
Enablers Act expands anti-money laundering requirements
At present, financial institutions such as banks are required to investigate their clients and their sources of wealth or funds. But, until now, many other financial gatekeepers have been exempted from so-called ‘due diligence rules’.
KYC news
EU lawmakers say NFT platforms should be subjected to money laundering regulations
If new legislation passes, it will mean that all NFT marketplaces will have to assess the risk of illicit finance flowing through their systems and carry out identity checks on new customers and suspicious transactions.
Blog
Crypto KYC and blockchain
Crypto KYC is the first step in the anti-money laundering (AML) due diligence process. When a financial institution such as a crypto exchange onboards a new customer, they must use KYC processes in order to identify and verify the customer’s identity.
Blog
KYC onboarding
The KYC onboarding process is the customer due diligence (CDD) process that regulated entities such as banks are required to undertake before they onboard a new customer. The ultimate goal of the KYC onboarding process is to fight fraud, money laundering, and tax evasion.
Blog
KYC in gaming
As well as providing benefits for businesses, KYC in gaming also provides benefits for customers, too. Much like how a reputable company must provide its users with fair games and a secure gaming environment, these companies must also show their users that their personal information is being handled appropriately and then safeguarded.
Blog
Gartner market guide for identity proofing and corroboration
A new report from Gartner explores the current state of the identity proofing market. Gartner recommends that organizations try to balance the often competing demands of trust, compliance, and UX by assessing the full range of identity proofing and affirmation capabilities.
Blog
Customer due diligence for banks
When a customer opens an account with a financial institution, customer due diligence checks usually take place. During this process, the customer’s identity is verified and the risks associated with allowing that customer to open an account are assessed. Read on to discover why the process matters to banks today.
KYC news
EU reaches provisional agreement on transparency of crypto asset transfers
By introducing the so-called ‘travel rule’, the EU aims to ensure financial transparency on exchanges involving crypto assets. The rule will also provide the EU with a framework that will comply with recommendations 15 and 16 of the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog.
KYC news
Money laundering watchdog pushes for rules on crypto information sharing
A survey commissioned by the Financial Action Task Force (FATF) has revealed that only 30% of jurisdictions have passed rules to help prevent the illicit use of cryptocurrencies.
Blog
What is KYC in crypto?
KYC is a requirement you’ll encounter on almost all centralized crypto exchanges. That said, it is still possible for customers to purchase crypto without going through a crypto KYC process. However, these methods are far more complicated and much riskier. Read on to find out more.
Blog
Anti-money laundering customer due diligence
Customer due diligence is a foundation of know your customer (KYC) processes and AML strategies. CDD requires companies to understand who their customers are, their financial behavior, and what kind of money laundering or terrorism financing risk they present.
KYC news
Cryptos under pressure as regulators call for stricter supervision
Regulatory bodies are currently aware of the risks that cryptos could pose to the broader financial system. To counter any future risks, the BIS paper proposed enhancing the collection and publication of cryptocurrency trading data in a more rigorous manner, such as through “embedded supervision”.
KYC news
Crypto industry aims to exempt NFTs and DeFi from tax reporting rules
Authorities are attempting to calculate whether digital assets are riskier when it comes to assessing tax compliance, and thus deserving of further scrutiny.
Blog
How to verify user identity
By verifying the identity of customers before they can make a transaction or access a service, businesses can prevent identity fraud, help customers keep their information safe, and meet global compliance.
Blog
Studies show that banks caught laundering cash will lose customers
With such a notoriously competitive environment, customers are now acutely aware of the benefits switching can provide and how many alternate lenders are available. As a result, they’re placing heightened importance on ethical behavior in the sector.
Blog
Think tank calls for changes to international crypto regulation
New research drafted by the Basel Institute of Governance and The International Academy of Financial Crime Litigators, has suggested that action against illicit crypto markets must be more coordinated.
Blog
What are age verification systems?
By verifying the age of your customers before they access your site, you can build trust and prevent identity theft and synthetic fraud. Furthermore, age verification systems can also help you protect the younger generation from any adverse effects that may be caused by them accessing age-restricted goods and services.
Blog
What is biometric data?
Biometrics are at the cutting edge of technology. Not only does biometric data add great convenience for customers who no longer need to remember complex passwords, but this data also provides greater levels of security.
Blog
Veriff vs Persona
Identity verification offers a range of benefits to businesses and honest customers in the digital world. To learn more about the sector's providers, read this deep-dive comparing Veriff and Persona, including key features, costs, and client feedback.
Blog
Patient identity proofing
From ordering prescriptions to booking appointments, access to medical services online has grown massively - and so has the need to verify patients. Discover how patient identity proofing is helping the healthcare sector address risks such as incorrect records, delayed payments, and medical fraud.
Blog
How to check identity online
From onboarding more honest users to achieving global compliance, checking identity online brings a variety of benefits to businesses. Read on to discover how to optimize identity checks, the processes that make up identity checks, and the impact that technology has made on identity checks.
Blog
Veriff now supports Arabic documents
Veriff now supports Arabic identity documents for identity verification that use the Arabic alphabet.
Blog
Digital transformation in banking
In an increasingly virtual world, long-running sectors like banking are looking to embrace innovation, benefiting both businesses and customers. However, risks can come about in choosing the right technology, implementation, and guaranteeing efficiencies. Read on to discover common pitfalls and tips for success.
Blog
What is a digital identity?
Digital identity works as a technological link between the real you and your digital equivalent. This means your online identity can be used to perform daily tasks, such as accessing your bank account or booking appointments. Used correctly, a trusted digital identity can also improve security and streamline identity and authentication processes.
Blog
Market entry and compliance: What gaming businesses need to know
As gaming expands across the globe, businesses of every size need to establish their brand, build credibility, and ensure full compliance to succeed. Peter Murray, Veriff's Head Of Gaming, delves into the key challenges and opportunities that lie ahead in a time of growth.
Our people
From academia to the startup world
Meet our Data Scientist – Paco Romero Ferrero. After having multiple years of experience in the academic world as a PhD researcher, he joined our team in March 2022 to face new challenges and grow as a professional.
Blog
What are the penalties for money laundering?
Money laundering encompasses a range of criminal acts, with each carrying different legal penalties based on the degree of severity. What constitutes money laundering today? How are investigations carried out? Plus, what do businesses need to do to achieve legal compliance? Read this blog to find out more.
Blog
How to prevent money laundering in banks
Money laundering is a prevalent risk for banks, with potential consequences including substantial legal penalties and reputational harm. Discover how banks can stay ahead of bad actors, achieve compliance, and reap the benefits of technological innovation.
Blog
Veriff Expands its Services to 45 languages
Veriff adds five new languages to its platform to meet growing global customer demand.
Blog
Fighting the scariest things online in the US
We surveyed 1,000 US adults and analysed crime data to reveal which online crimes are most common. Here's an overview of the scariest things online in the US.
Blog
Fighting the scariest things online in the UK
Here's an overview of frauds and cyber crimes that are being reported the most frequently in the UK.
Blog
What are verification procedures?
Verification procedures have a number of purposes, from preventing fraud and money laundering to validating a customer's identity. As verification procedures become more sophisticated and commonplace, this blog details why, when and where they take place today.
Blog
Identity fraud prevention
Identity fraud is a major risk for online users, with the possibility of financial, reputational and legal consequences. This blog delves into what businesses are doing to ensure online safety, key steps for staying out of harm's way, and the types of identity fraud that exist today.
Blog
What are anti-money laundering regulations (AML)?
AML regulations make it much harder for criminals to hide profits they've generated from criminal activities. Discover how the legislation has been amended, the rules that businesses need to follow, and the types of businesses that the regulations cover.
Blog
Anti-money laundering software (AML)
Anti-money laundering software is a versatile tool; some companies use it for data management purposes, others use it to monitor and flag suspicious financial activities. Read on to learn how it helps companies meet global compliance and key features of AML software.
Blog
Online identity verification methods
Online identity verification is an essential practice for navigating the digital world, from engaging in commerce to accessing age-gated material. Discover more about the different types of online identity verification and the technology that drives it.
Blog
What is AML compliance?
We're taking a deep dive into AML compliance, including the pillars of effective AML compliance programs, how your business can become compliant, and what happens if you fail compliance checks.
Blog
What is structuring in money laundering?
Financial institutions are at risk of fraudsters looking to evade anti-money laundering legislation through the use of complex schemes, including the practice of structuring. Find out what structuring involves, the potential penalties, and how technology is a key tool to stop bad actors.
Blog
The benefits of biometric authentication
Biometric authentication takes many forms, including voice biometrics, behavioral biometrics, and facial recognition technology. The broad and thorough process creates significant security advantages for businesses and customers.
Blog
How to detect money laundering
Money laundering poses a major risk in today's economy. Discover the different types of money laundering, warning signs of the practice, and how regulatory compliance addresses money laundering.
Blog
Council of Europe calls on member countries to crack down on digital asset money laundering
Formed in the wake of World War II, the Council of Europe is an organization that’s committed to upholding human rights, democracy, and the rule of law in Europe. The organization has specialized committees that deal with specific issues under its mandate. This includes MONEYVAL, which focuses on anti-money laundering and curbing the financing of terrorism.
Blog
Veriff's Solutions Now Available to Twisto’s Buy Now, Pay Later Clients
Advanced identity verification technology and know your customer offerings provide seamless verification process for Twisto customers and ensure compliance
Blog
Veriff Hosts Hackathon To Enable Company-Wide Teams To Innovate
We did it again! Our second hackathon was full of fresh ideas, motivated participants, and positive outcomes. To give you a better overview and insight, we interviewed the organizer Kalev Rundu, Senior Product Manager at Veriff, and two Veriffians that took part.
Blog
Veriff and Trustpilot Partner to Enhance Online Trust for Global Review Platform
Trustpilot has partnered with Veriff to seamlessly verify online consumer reviewer profiles. Trustpilot has already verified more than 50,000 consumers on its platform within the first months of its collaboration with Veriff.
KYC news
Feds charge two 20-year-olds in alleged NFT money laundering scheme
The ice-cream-themed NFTs involved in the scheme were known as ‘Frosties’. Early investors were promised future giveaways, access to future releases, and a metaverse game built around the brand. However, prosecutors allege that Ethan Nguyen and Andre Llacuna executed a ‘rug pull’ in January.
KYC news
Hackers stole more than $600 million in crypto – but they’re struggling to launder it
The thieves are struggling to exchange the dirty cryptocurrency for cleaner funds. After all, governments around the world have ramped up law-enforcement efforts to seize stolen funds and bolstered money-laundering regulations for crypto exchanges. Such efforts make transferring the funds to exchanges difficult.
KYC news
NFTs: Money laundering and wash trading on the rise
The company analyzed NFT sales to self-financed addresses and found that several NFT sellers have conducted hundreds of ‘wash trades’. These trades involve the seller being on both sides of the transaction, and they’re used to paint a misleading picture of an NFT’s value and liquidity.
KYC news
EU wants anti-money laundering regulator to monitor crypto
Due to fresh concerns over money laundering in the space, the European Union (EU) is aiming to bolster its oversight of the cryptocurrency industry by providing its new anti-money laundering watchdog with greater powers.
KYC news
Legislation to crack down on dirty money in the UK introduced in parliament
On 1 March 2022, the UK government brought forward the Economic Crime (Transparency and Enforcement) Bill. The legislation intends to clamp down on dirty money and was described by the government as a ‘landmark step’ towards doing so.
KYC news
AML fines drop as regulators clamp down on crypto
The latest review found that the value of fines issued to financial services firms for AML failings globally fell from $2.2bn in 2020 to a new low of $1.6bn in 2021. For context, $3.3bn worth of fines were issued in 2018.
Webinars
Tackling rising fraud risks to achieve global compliance in 2022
Veriff’s latest webinar with Compliance Week delves into key fraud trends witnessed over 2021 and 2022, covering global markets and a variety of sectors. Speakers on the panel included Veriff's Munna Poddar and Aleksander Tsuiman.
Blog
Will money laundering become easier in the metaverse?
Ever since Mark Zuckerberg unveiled Facebook’s rebrand to Meta in October 2021, much of the talk in digital circles has centered on how web3.0 and the metaverse could shape the future of the internet.
KYC news
Australia at risk of becoming a haven for Russian cash due to weak money laundering laws
Some experts believe that Australia is at risk of becoming a haven for cash belonging to oligarchs who are seeking to avoid sanctions. At present, the country is only one of three (alongside Haiti and Madagascar) that are yet to commit to bringing lawyers, accountants, and real estate agents under the umbrella of anti-money laundering and counter-terrorism finance laws.
KYC news
China launches three-year anti-money laundering campaign
At the end of January 2022, China launched a three-year anti-money laundering (AML) campaign. According to a government statement, the campaign intends to safeguard national security and social stability.
KYC news
Treasury releases report on money laundering risks in the art market
When the Anti-Money Laundering Act 2020 (AMLA) was passed, the definition of a ‘financial institution’ was expanded to include anyone “engaged in the trade of antiquities, including an advisor, a consultant, or any other person who engages as a business in the solicitation or the sale of antiquities.”
KYC news
Global money-laundering operation stops $2.6 million passing through Australia’s financial institutions
Following a worldwide operation involving law enforcement agencies from 27 countries, 18 Australians are facing criminal charges relating to money laundering offenses.
KYC news
AML fines reached $2.2 billion in 2020
Studies have shown that fines for AML failings by regulated institutions were five times higher in 2020 than they were in 2019. In total, AML penalties for 2020 reached $2.2 billion.
KYC news
IRS special agent sees “mountains and mountains” of fraud in NFTs and crypto
In a recent conference speech, a top special agent from the United States Internal Revenue Service (IRS) stated that although non-fungible tokens (NFTs) and cryptocurrencies are “the future”, fraud and manipulation are still rampant in the space.
KYC news
Report finds 30% increase in crypto money laundering
A report by blockchain data company Chainalysis has discovered that criminals laundered $8.6bn of cryptocurrency in 2021. This was a 30% increase in the amount laundered in 2020.
KYC news
Biden and FinCEN aim to combat corruption with AML legislation
In an effort to root out corruption, the Biden administration plans to issue regulations that will improve transparency in regard to beneficial ownership and real estate transactions.
KYC news
100 UK-licensed electronic institutions have been red flagged for potential money laundering risk
Research from Transparency International UK has revealed more than a third of UK-licensed electronic money institutions have been flagged for potential money laundering.
KYC news
EU banking regulator set to strengthen remote onboarding checks
While launching a public consultation on new draft guidelines, the EBA announced a raft of new measures that aim to tackle apparent inconsistencies across EU countries. These particularly relate to checks conducted by financial institutions.
Blog
Veriff Releases Enhanced Biometric Authentication Solution
Veriff's enhanced Biometric Authentication offering confirms that a returning user is who they claim to be by using biometric analysis to identify and mitigate fraudulent activities such as account takeover and identity theft, eliminating user friction in the process. The solution is 100% powered by automation and can authenticate any user’s identity in one second using just a selfie.
Reports
Compliance & Conversions: How Fintechs can have both with Veriff
Download Veriff's latest eBook, for a look at the current fraud landscape for fintechs and the effects of long-term investment in identity verification for burgeoning businesses.
Reports
Mitigating Digital Fraud Risks With Comprehensive Identity Verification
Businesses open themselves up to more fraud if they don’t have comprehensive identity verification in place for new users, and both their conversion rates and fraud prevention suffer. According to a recent report from Gartner®, there are ways to mitigate fraud while balancing the impact these products have on user experience and budgets — but the challenge lies in choosing the right vendor.
Blog
Meet Sacha Vasilkioti, Veriff’s FinTech Product Manager
Sacha Vasilkioti is a FinTech Product Manager at Veriff. She joined the company back in April 2019 as a Verification Team Lead, where she managed a team and scaled up the operational process.
Blog
Meet Jason Butler: Our Senior Recruiter Growing Veriff In The U.S.
Veriff recently reached 500 employees globally and is expanding even more. To help our growing company, we are extremely proud and excited to have Jason Butler join our Talent Acquisition team in the U.S.
Blog
Veriff obtains ISO 27001 certification
Veriff has been awarded certification against the ISO/IEC 27001:2013 standard
Blog
Caroline Mogford joins Veriff as Chief Marketing Officer
Former marketing leader at Qualtrics joins Veriff’s executive team as CMO to expand strategic marketing initiatives across the globe.
Blog
What is AML transaction monitoring?
The actual process of monitoring transactions depends on the services your business provides. However, generally speaking, in order to monitor financial transactions, a company will create a rules-based system that’s based on their needs.
Blog
Identity fraud management
Between June 2020 and June 2021, instances of identity fraud increased by 19%. Due to this, it’s clear that identity fraud is a serious cause for concern and that businesses must have proper fraud and identity management processes in place to counter this growing threat.
Blog
How to spot a fake ID by state
Although the quality of the forgeries has improved considerably, so has the quality of the security features used in official IDs, particularly at a state level. Now, each state has its own security features that are unique, including holograms, UV imagery and laser embossing.
Blog
How the Product Academy boosts Veriff and develops teams
At Veriff, it’s vital to develop our teams and provide new career pathways to ensure we lead the market, offer our clients the best value, and build a better digital world for all honest users. As such, we’ve launched the Product Academy Project, where we help Veriffians gain experience in Product Management from our expert team, enabling them to take part in meaningful projects that have a beneficial impact on our service.
Blog
The history of ID
To show you how IDs have evolved, in this blog we’ll take a detailed look at the history of ID. From the Babylon Empire to the current day, we’ll examine not only how ID has changed over the years, but also how these older forms of ID were verified.
KYC news
Financial Conduct Authority finds challenger banks are not doing enough to fight financial crime
The Financial Conduct Authority (FCA) has warned challenger banks that they need to stop cutting corners when attempting to combat financial crime. Currently, the regulator believes that processes that allow customers to set up accounts quickly and easily are stopping challenger banks from conducting appropriate checks.
KYC news
‘Alarming’ AML laws prompt protests from EU crypto firms
The crypto sector has written to European Union finance ministers and lawmakers, asking them to rethink anti-money laundering rules it believes are “burdensome” and “alarming”.
Blog
The Paypers Financial Crime and Fraud Report 2022 is now live!
Veriff contributed to the 2022 edition of The Paypers Financial Crime and Fraud Report, which shares expert insights and best practices of fraud prevention and risk management. The report also includes an exclusive interview with our CPO and Co-Founder, Janer Gorohhov. Download it today!
Webinars
Analyzing The Total Economic Impact™ Of Veriff
Veriff’s latest webinar draws on a study conducted by Forrester on an organization using Veriff, outlining the cost savings and other benefits realized over a period of time. Rachel Ballard, TEI Consultant at Forrester, delves into the topic further.
Blog
Reaching $1.5 billion in a year with Veriff CFO Amish Mody
In early 2021, we welcomed Amish Mody to the team as our new Chief Financial Officer. During his first 12 months at Veriff, he has been the mastermind behind our $69m Series B and $100m Series C rounds. His efforts together with the team, have helped to bring Veriff across the magical $1b dollar line to become a unicorn.
Blog
How to create an identity verification process
Anti-money laundering (AML) and know your customer (KYC) requirements are unique for each business. As a result, it’s vital that you design and create an identity verification process that suits your specific needs and requirements.
Blog
What does verification of employment statement mean?
The best way to start the employment verification process is with the candidate themselves and their resume/personal statement. Using this information, you can build a profile of them and their work history. You can also work out exactly who you need to speak to for more information.
Blog
Veriff Identity Verification Solutions Now Available to Alloy Identity Decisioning Platform Clients
Veriff will provide Alloy customers with additional identity verification capabilities and KYC solutions to leverage during client onboarding.
Blog
Meet Amber Rucker - A Conversation with Our Head of Design
Having worked internationally for years, U.S.-born Amber Rucker currently resides in Barcelona as our Head Of Design. She discusses her passion for design and development, what attracted her to Veriff, and much more.
Blog
How to spot a fake ID
The process of forging ID cards has become much simpler in recent years. This is because most homes in the UK now have access to low-cost high-resolution printers, scanners, and basic photo-editing software. But, what is a fake ID? And what does a fake ID look like? Here, we answer both of these burning questions and take a deep dive into the world of UK fake IDs.
Blog
The Metaverse Future: Parents' views on keeping their children safe online
73% of parents believe that online identity verification should be a legal requirement for social media platforms
Blog
Fraud in Q1 2022: What you need to know
It’s safe to say that fraud has been the talk of Q1! From Netflix’s The Tinder Swindler and Inventing Anna to the BBC’s story on Madbird, these strange, complex and intriguing cases have been a hot topic among our teams. In light of the topic we took a look at what happened in Q1 2022. Here’s what we found out.
Blog
Veriff enhances Face Match with new authentication capabilities
Veriff has released a newly enhanced version of its Face Match identity verification solution utilizing facial biometrics to match the returning user.
Blog
How Veriff is building trust through tackling bias
At Veriff, our mission is to build trust and transparency online, helping businesses and honest users overcome the risks posed by bad actors. As such, we’re tackling the issue of bias to provide a more secure, seamless, and inclusive service.
Blog
Veriff streamlines hiring processes with HR-focused identity verification offering
The new verification solution enables HR teams and staffing firms to cut costs and recruit faster while building trust and creating a smoother application process for candidates.
Blog
Finding Best Practices to Prevent Online Fraud - An Interview With Munna Poddar
Munna Poddar is a Fraud Product Manager at Veriff. Originally, he is from India, but he came to Estonia in March 2020 to continue his career at Microsoft.
Blog
Guide to identity access management tools
Discover everything you need to know about identity access management (IAM) in our handy guide. We’ll take a detailed look at what IAM is, the benefits it can provide for your business, and the best IAM tools available on the market today. We’ll also show you exactly how (and why) you should get started with Veriff.
Blog
What does FINRA do?
Here at Veriff, our customers often ask us questions like “What does FINRA do?”, “Who is FINRA?”, and “What are the benefits of FINRA?” Well, in this guide, we’ve answered all these key questions and more. Plus, if you’re subject to FINRA oversight, we’ve also outlined how we can help you satisfy FINRA rules.
Blog
Achieving KYC compliance: here’s why, and here’s how
In this article, we’ll cover the ins-and-outs of Know Your Customer (KYC) compliance and how to comply with KYC requirements in your organization.
Blog
What are the 3 stages of money laundering?
However, the actual process of laundering money is more complex than this definition makes it sound. In fact, there are 3 stages of money laundering, and each of these contains its own complexities. With this in mind, let’s take a look at each stage in greater detail.
Blog
KYC & due diligence in AML compliance: what you need to know
The importance of KYC and due diligence procedures have been magnified by the impact of the COVID-19 pandemic. The resulting economic turbulence is likely to result in an increase in criminal financial activity, and both KYC and due diligence activities can play a leading role in shutting down that activity before it can have any harmful effects.
Blog
Anti-money laundering guidelines — what are they?
With the nature of financial crime evolving all the time, and regulations around the world being adjusted at a similar pace, complying with AML requirements is a constantly moving target. It’s therefore vital that all companies required to meet anti-money laundering guidelines regularly review their processes to ensure they continue to comply.
Case studies
Blockchain.com & Veriff: Making crypto as safe as possible
Giving people the tools they need to keep their digital assets secure is going to become more and more important as we enter this new age of digital ownership. We’re excited to be partners of Veriff, and excited to see where the internet goes over our next three years together.
Blog
Our Metaverse Identity Solution
The metaverse has been a topic of conversation for decades, with novelist Neal Stephenson coining the term in his 1992 bestseller ‘Snow Crash’. More recently, Facebook’s rebrand to ‘Meta’ has seen even more people talking about the metaverse and what immersive virtual reality might look like.
Blog
Meet Mert Celik - A Conversation with Our Engineering Team Lead
In 2014, Mert Celik moved from Turkey to Estonia to complete a Master’s degree in Software Engineering, and joined the Veriff team after graduation. Discover how his career started, what attracted him to Veriff, and his day-to-day experiences in the role.
Blog
The Future of Biometric Technology — What’s Next?
Biometrics, in short, is a way of identifying and verifying individual people by analyzing biological characteristics that are unique to them. By assessing indisputable data about a person that differentiates them from others, the person or organization assessing them can be 100% that they’re dealing with who they think they’re dealing with.
Blog
How to beat identity fraud
We believe that one day the world will be ready for a single digital identity that transcends borders and gives people rightful ownership of their data. Until then, our identity verification platform prevents fraud and helps to safeguard customers and businesses alike.
Reports
The Total Economic Impact™ of Veriff
Forrester Consulting conducted a commissioned Total Economic Impact™ (TEI) study on behalf of Veriff about the potential benefits of using Veriff’s Identity Verification Platform.
Blog
EU banking regulator set to strengthen remote onboarding checks
Allied to this, remote onboarding is a central pillar of the EU’s 2020 digital finance strategy. Due to this, a unified regulatory approach is needed to provide clarity and consistency about what is, and what is not, allowed in a remote and digital context within the union.
Webinars
Where next? Knowing your customer in emerging markets
Veriff’s latest webinar brings expert analysis together to discuss the shifting landscape of the biggest jurisdictions that will help deliver growth for different sectors, such as gaming and online gambling, in the coming years.
Blog
Veriff pledges 1 million free verifications to support Ukraine
Veriff is donating 1 million verifications to organizations who wish to use these to help people affected by the conflict, such as money transfer services to Ukraine, accommodation or relocation services for refugees.
Blog
100 UK-licensed electronic institutions have been red flagged for potential money laundering risk
Research from Transparency International UK has revealed more than a third of UK-licensed electronic money institutions have been flagged for potential money laundering. In a December 2021 report, the association claimed that the payments industry could become a “major gateway” for illicit funds from around the world unless it faces stricter enforcement.
Blog
Biden and FinCEN aim to combat corruption with AML legislation
The U.S. Strategy on Countering Corruption lays out several areas that would benefit from increased regulation. Specifically, the U.S. government wants to “identify bad actors hiding behind opaque corporate structures” like shell companies, which are a favored vehicle for corruption-related money laundering.
Blog
IRS special agent sees “mountains and mountains” of fraud in NFTs and crypto
During the 2021 fiscal year, IRS investigators seized $3.5 billion worth of cryptocurrencies tied to financial crimes. This accounted for 93% of all the assets seized by the division in that time frame.
Our people
Meet Madis Pink: An interview with Veriff's Senior Developer Experience Engineer
Madis Pink is a Senior Developer Experience Engineer at Veriff. He is from Estonia, and he joined the Veriff team back in July 2019 as an Android Engineer. Before that, he worked with many global tech companies on various successful projects. These companies include Skype, Spotify, Fortumo, and more.
Reports
Best Practices: Biometrics and which industries are capitalizing on the technology
Biometric authentication is making legacy authentication processes obsolete, with its endless benefits across industries. Facial recognition, fingerprint scanning, and voice recognition — to name a few — help streamline processes, deter fraud, and keep people safe amid the global pandemic.
Reports
Best Practices: Biometrics and how businesses are harnessing its power
Biometrics has moved beyond just fingerprinting to open your iPhone. This technology has become a common place for both customer experiences and day-to-day business operations, and the global pandemic has only sped up adoption across industries.
Blog
Veriff unveils healthcare-focused identity verification offering
Veriff has released a new suite of identity verification solutions built specifically for the healthcare industry to keep private health information and patients safe
Blog
Pre-checking Identity for Employment: A 101 Guide with Veriff
Veriff’s technology is suitable for virtually any business application where checking someone’s identity — be they an employee, a customer or a supplier — is important. But for pre-employment identity checks in particular, there are a host of crucial benefits that business users can gain from.
Our people
Veriff Rolls out Sabbaticals for its Teams Across the Globe
We believe that in order to live a fulfilling and impactful life, our employees could benefit from longer breaks every once in a while. Our Sabbatical Program allows every Veriff employee whose tenure is longer than three years in the company to take six weeks of fully paid time away from work.
Blog
An Overview of EU AML Regulations
We take a detailed look into the current anti-money laundering regulations in the European Union, and what they mean for your business on a daily basis.
Blog
How Veriff is Building Trust and Simplifying Telemedicine
Veriff provides trust and safety in virtual healthcare and telemedicine by harnessing biometric identity verification and authentication. Our technology protects online health records, authenticates identities quickly and accurately for virtual healthcare providers, streamlines health insurance claims, ensures prescription security, and a host of other benefits for the telemedicine world.
Blog
Veriff now supports Cyrillic documents
We’re happy to announce that we’ve now rolled out Cyrillic document support for our clients, giving wider access to identity documents and supporting users who couldn’t previously get verified, because they had only cyrillic-based documents, to go through IDV process seamlessly where languages using Cyrillic alphabets are spoken.
Our people
Meet Angela González: Veriff’s Senior Recruiter helping expand our Barcelona hub
We’re excited to have Angela González join us as senior recruiter to help us grow in Barcelona.
KYC news
$10 billion stolen in DeFi scams and thefts in 2021
Decentralized Financial images are proving attractive due to the growth and evolution of blockchain technology. However it's users are losing a lot of money to criminal activity. How can they make their assets more secure?
Blog
3 Ways Veriff’s Face Match Protects Users' Data
Happy Data Privacy Day! A holiday, as you can imagine, is very important at Veriff. We have a front-row seat to the ever-growing online world, which means more and more personal information is living online. With an increasingly digital world comes a host of bad actors looking to infiltrate private data of both individual people and corporations.
Blog
Veriff Closes $100M Series C Funding Round
The new financing will be used to accelerate Veriff’s global growth and invest in R&D, especially to advance product expansion.
KYC news
BitcoinPoint becomes the first crypto-asset firm registered with the FCA to offer an ATM cash-out facility
The London-based company takes a massive step in making Bitcoin easily available to new retail customers, and more attractive with the easy 'cash-out' option.
Case studies
Veriff Partners with Starship to Create a Fully Autonomous Delivery Service for Age Restricted Items
Veriff adds an extra layer of safety and security to Starship’s delivery services, making it the first company in the world to create a fully autonomous end to end delivery service for age restricted items.
KYC news
How can we stop the NFT marketplace being used for money laundering?
NFTs are a hot news topic, being spoken about in all corners of the internet. But how can we make them more secure, and less open to exploitation by online fraudsters and criminals?
Product updates
How does Veriff look in 2022 - A year-end verification flow update
As we were laser-focused on offering the best verification experience out there, we failed to offer any exciting updates about how our verification flow evolved throughout 2021. But now we're here to do just that!
Product updates
What have Veriff been up to in 2021? - A year-end product update
Our product updates were quiet for much of 2021, so we decided to hit you with a year's worth of updates in one magnificent blog. Get all the info on what we changed in Veriff Station and our verification systems throughout much of the last year.
Blog
How Veriff is building a trustworthy system for digital education
Why might educational institutions need online identity verification? We're here to enlighten you - and to explain why Veriff can have a crucial role in helping schools, universities, and many others to know their students.
Blog
What happened with fintech and fraud in 2021?
We published our 2021 Fraud Report in early December, and it's time to take a closer look at the impact online identity fraud had on the fintech industry throughout last year.
Webinars
Fintech Fraud 2021
It's webinar time again! And this time we're taking a deep dive into our latest fraud report to discuss last year's fraud trends, what we learned from them, and what we're watching out for in 2022.
Blog
What happened with fraud and crypto in 2021?
We published our 2021 Fraud Report in early December, and it's time to take a closer look at the impact online identity fraud had on the crypto industry throughout last year.
Case studies
Veriff Joins AWS Partner Network
Veriff accelerates its AI-powered identity verification platform’s journey to the cloud with Amazon Web Services (AWS)
Blog
Money Laundering Reporting
Our blogs have looked in depth at what money laundering is - but how do you report it when you find it happening? This is what we dive into here, and hopefully you'll know exactly what to do once you've read our blog.
Blog
2021 Marks a 20X Growth in the U.S. and a Number of New Senior Level Hires in Veriff
Veriff has had an incredible 2021, growing at a remarkable rate, smashing our verification records on a weekly and monthly basis, and welcoming more fantastic new talent to the team. Find out all the details in this blog.
Blog
Veriff Releases Metaverse-Focused Identity Verification Solution
As the world moves towards building a more immersive digital world — as we build the architecture for the metaverse — Veriff is at the forefront of making our digital world safer.
KYC news
AML fines reach $1.9 billion in 2021 but could rise further in coming years
Banks and financial institutions have been issued anti-money laundering fines of over $1.9 billion this year alone. But is this just a hint towards a rising trend, and how quick will banks get a handle on things?
KYC news
Criminals are using bitcoin ATMs for scams and money laundering schemes
As the popularity of bitcoin, and cryptocurrencies, continues to soar, so does the availability of bitcoin ATMs. And they're making it easier for criminals to conduct illicit activities in broad daylight. Read our blog to learn more.
KYC news
FinCEN’s ransomware report reveals analysis of SAR data
A new report from the Financial Crimes Enforcement Network, looking at suspicious activity reports from financial institutions, has revealed growth in ransomware attacks in 2021 - read our blog to discover more.
Reports
Veriff Identity Fraud Report 2021
Our 2021 Identity Fraud Report is LIVE! Download it today to read a detailed analysis of 11 months of verifications, find out the insights we gained, and the trends we observed throughout the year.
Blog
Veriff’s 2021 Fraud Report is Now Live!
It's December, which can only mean one thing - Veriff's 2021 Fraud Report is here! Read the insights from an extensive analysis of 11 months of verifications. Is fraud rising? Which industry saw the biggest growth? What's the global picture? Download it today to find out!
Blog
Why Foolproof Age Verification is Vital for Businesses to Maintain Trust
As e-commerce booms amid COVID-19, age verification is incredibly important to keep several industries safe. Online gambling, alcohol delivery, ride sharing, and online dating apps are just a sampling of the industries that rely on age verification. Learn how Veriff can help you with age verification in our blog.
KYC news
UK Government Announces New Economic Crime Levy
As the title suggests, the British government has drafted legislation to create an Economic Crime Levy to help fight financial crime. Read the blog to discover who it affects, and when it will be introduced.
Webinars
Global Growth in Gaming: Get players in new markets safely and securely
Our latest webinar looked at global expansion in the gaming industry, and how to maintain accuracy, stay compliant, and keep things frictionless for players from across the world.
Product updates
Veriff crosses the 10K line - 10,000+ documents in our database!
In a major milestone for an identity verification company, Veriff passed the 10,000 document mark in our internal database. Find out how we did it, and how it helps us deliver super fast and accurate verifications.
Blog
Veriff’s Customer Identity and Access Management arms companies with safe, secure, & scaleable onboarding
Innovative and seamless C-IAM ensures the security of both the business and the customers.
Blog
The Most Surveilled Cities in the World
We delved into research to learn about the growth of surveillance software in US major cities, and the benefits that this poses for civilian safety.
Case studies
Deel helps people work all over the world and Veriff helps make them safe and secure
Deel has partnered with Veriff to add security to their awesome online platform which helps companies find and hire employees globally. They're currently used by more than 4,500 organizations in over 150 countries.
Blog
How Veriff keeps your data safe
Veriff is in the privileged position of handling the private data of a lot of people every day. This is not something we take lightly, so we wanted to enlighten you about how we keep your personal information safe at all times.
Blog
Anti-Money Laundering Act 2020 - What it Means
What is the Anti-Money Laundering Act 2020? Let us explain what it means, what the processes related with it entail, and who it applies to and how.
Case studies
Growing Together - Three Years for Mintos & Veriff
Mintos chose their first identity verification partner in 2018, Veriff, and we've been partners ever since. We chatted to their team about what made them choose Veriff, and why they've stuck with us through a significant time for their growing business.
Blog
Bank Account Verification
How do you verify a bank account? And why would you need to? Learn more here.
KYC news
NatWest faces substantial fine after admitting AML failings
How much is the potential fine the major UK bank will have to pay? And how have they landed in such hot water? Read our KYC news blog to learn more.
KYC news
Australian financial institutions concerned about AML loopholes
Several of Australia’s largest banks and financial technology companies recently spoke to the country’s senate about closing major loopholes in the country’s anti-money laundering legislation.
Blog
Veriff Launches New Account Onboarding, Arming Fintech Companies with Next-Gen Security Features
Learn how New Account Onboarding helps establish greater trust with customers through a seamless online user experience.
KYC news
Ghana’s Gaming Commission enforces KYC verification
Why has Ghana brought in mandatory KYC, and which provider is already leading they way? Find out in our latest KYC news post.
KYC news
China’s top regulators ban cryptocurrency trading and mining
It's the latest big news for cryptocurrencies, as China's government takes drastic action against digital trading and mining. Learn more in our KYC news post.
Blog
AML vs KYC - What’s the difference?
What do they mean? And what’s the actual difference? Discover just that in our guide, which looks at what they do, how they work & how they can help you.
Blog
Veriff Continues Global Expansion with New Barcelona Tech Hub
The cat is out of the bag - Veriff is coming to Barcelona. Our new hub will open soon, and we're already looking for talent in the Catalan city. Find out more here.
Blog
Companies Leading the Way in Cyber Security
We look into the countries with the biggest cybersecurity workforces, and highlight the most exciting businesses in the space.
Our people
"Working at Veriff is a lot of fun - no two days are the same"
We chat with Krister Kasemaa, an intern in Veriff's Product and Verification Automation teams, who recently finished up his time with the company. We ask about his life as a student, what brought him to Veriff, and what he does outside his studies.
Blog
What is KYC in Banking?
Our guide breaks down the fundamentals of KYC in banking, and provides a clear actionable plan for getting started.