Why innovation is the answer to KYC in gaming Customer verification is an ongoing challenge for gaming companies – charged as they are delivering super smooth digital player interactions while also complying with strict know your customer (KYC) and global AML regulations. Across jurisdictions, gaming platforms must: It’s a delicate balancing act: if the player onboarding process is
Introduction Do you remember the last time you went physically to the bank to send money somewhere? While many ‘yes’ answers may be expected, it is undeniable that nowadays opening your bank account online and sending money on its way can be done in a matter of minutes – and all from the comfort of
Introduction Money laundering and the financing of terrorism for a long time have posed substantial dangers to the financial systems of countries around the world. The picture becomes clear even if we look at the European Union, which is sometimes perceived as having one of the toughest legal regimes in the field of prevention of
Operators in the online gaming industry must comply with ever-changing regulatory requirements. But they must also be able to onboard customers quickly – while providing a safe, secure environment for players. Meanwhile, know your customer (KYC) regulations are also incredibly important in gaming and cannot be overlooked. Not only do they protect the company from bad actors,
Cryptocurrencies are disrupting the world of finance. However, because cryptocurrencies are cryptographically secured on their blockchains, transactions between users are generally anonymous and take place in an instant. Due to this, crypto transactions provide opportunities for criminals who are looking to evade conventional AML/CFT controls. Global regulators are now paying greater attention than ever to
Veriff’s online identity verification solution provides a thorough biometric identity verification process on your behalf. We are the knowledge-holders for everything related to the personal documents required for verification and, by leaving identity verification to us, you can focus on doing what you do best. We know that anti-money laundering (AML) and know-your-customer (KYC) requirements
Introduction In today’s financial landscape, protecting institutions against fraud and ensuring compliance is more important than ever. KYC verification—short for Know Your Customer verification—is not just a regulatory requirement. It’s also a vital process for assessing customer risk, protecting against money laundering, and safeguarding trust in the financial system. In 2024, the global cost of
In many markets across the world, customer Know Your Customer (KYC) requirements are placed on gaming firms to verify the identity of their customers. This process helps guarantee customer safety and prevent criminal activities such as money laundering and terrorist financing. A standard KYC program involves collecting customer identification information such as full name, address,
The rise of neobanks has transformed how everyday customers access a range of services in banking. By its proximity to sensitive data and money, plus the potential for bad actors to strike, neobanks must ensure that proper Know Your Customer (KYC) compliance is instituted. This involves verifying customer identity by processing personal information such as
Fintech companies and digital banking have revolutionized money management for today’s customers, offering greater access to products and services. Debit cards, checking and savings accounts, and credit cards are no longer the sole preserve of traditional banking with physical branches. Many contemporary neobanks offer customers the ability to have banking accounts with no minimum balance
Login
