The Federal Deposit Insurance Corporation (FDIC) has issued a significant update to its supervisory approach, clarifying the use of pre-populated (pre-filled) customer information for Customer Identification Program (CIP) requirements. This guidance directly impacts how banks leverage digital tools to simplify account opening, while underlining an important responsibility: ensuring the person behind the data is legitimate
Hiring new employees is an exciting opportunity to bring fresh talent and skills into your small business. However, ensuring that every hire is trustworthy, qualified, and legally eligible to work is essential. Effective employee verification for small businesses protects your operations, mitigates significant risks, and helps you build a reliable workforce. This guide will walk
In this blog, we’ll take you on a journey through the fascinating evolution of identification, tracing its roots from the Babylonian Empire to the digital age. The concept of identification dates back thousands of years. The earliest recorded instance of a government collecting personal information from its citizens can be traced to 3800 BC in
The Latin American (LATAM) region is witnessing a transformative shift in financial inclusion, fueled by innovative financial services companies striving to make banking and lending more accessible. As digital transformation sweeps the region, identity verification (IDV) is becoming a critical pillar for businesses aiming to secure trust, reduce fraud, and scale operations. In this blog,
In today’s rapidly evolving digital landscape, businesses increasingly recognize the importance of robust identity verification processes. Veriff has positioned itself at the forefront of this movement, providing innovative solutions that help companies mitigate fraud and enhance user trust. Through a series of compelling case studies (Submittable, Webull, Blockchain, Kueski), Veriff has demonstrated its effectiveness across various industries. Here
Inverid’s ReadID’s identity verification solution verifies identities through government-issued identity documents with contactless NFC chips and NFC-enabled smartphones. With Veriff’s identity verification solution, Inverid can now read data and confirm the identities of users who do not have biometric (chipped) identity documents or a smartphone available, expanding their user base. “At Inverid we follow an
