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These days our online lives are wholly interwoven with our ‘normal’ lives and one is hard to distinguish from the other. The digitalization of the world over the past two decades has been both fascinating and slightly breathtaking at the same time. What was once ‘e-commerce’ is now simply referred to as ‘shopping’, while ‘online-banking’
Last week, I sat down with Kaarel Kotkas, the CEO and founder of Veriff to talk about how Veriff has been doing for the first 6 months of this year. The first big question – how did we do? Veriff did great. Despite the challenging times for the world, we were able to stick to
As we enjoy the beautiful summer weather, and a surprising mini heatwave in Estonia, some of our team have been enjoying taking a little time for themselves. And it’s well-deserved. Of course this doesn’t mean everything stops, and with that in mind, we’re happy to share our product updates from June 2020. Apple users rejoice
Despite the global crisis caused by COVID-19, the company has witnessed increased customer engagement and taken advantage of accelerated digitalization around the world. Last year, our verification volumes grew by 35 times, and we’ve kept up with the growth trajectory this year. However, we are also targeting profitability. Veriff, a leader in the field
What is responsible disclosure, why is it crucial to Veriff, and why should you care – well, that’s what we’re here to tell you. Trust is key In our effort to verify the identities of the world’s honest people, we fight fraud and cyber threats alike. Living in today’s digital society, it’s more important than ever to ensure
If you’ve ever sat down to watch a Hollywood movie, and it’s dealt with the travails of US teenagers or tales of global espionage, you might have seen a character produce a fake ID. These are either used for comedic effect or in a moment of tension where a character needs access to a vital room/floor/building,
That’s right, we’re talking about the final hours before the dreaded Y2K bug took effect and changed the course of the future forever. Okay, maybe this future didn’t come to be, but at the time it’s what it seemed like everyone was expecting. Instead of technological downfall, the Earth simply completed its revolution and we officially entered
There’s no big product launches this time around, but we’ve made improvements to Veriff Station, our SDKs and our web processes. What’s new in the Veriff Station? We’ve added risk labels! What’s a risk label? Every individual verification attempt carries its own risks, and we attach this data as labels for our clients to check.
AML regulations, more specifically KYC processes, have also been affected by this new reality. This article covers key aspects of how this pandemic will impact the future of the financial industry – what are the Covid-19 compliance challenges, possible outcomes and how Veriff could help to tackle the issues. FATF encourages digitalization This pandemic has,
More than just a Bank Account Financial inclusion is not just having access to a bank account. Affordable insurance, loans, remittances, savings, and investing accounts are all financial services that can make a drastic difference in life quality. Back in 2012, it was estimated that a whopping $15.3 trillion is needed to satisfy life insurance needs
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