Why online gaming firms need a step-change in player verification - and how automated age verification and identity checks are developing.
Discover why challenger banks need a step-change in KYC processes - and why selfies are the answer.
Today's consumers expect swift access to gaming services, but they’ll soon go elsewhere if security is compromised.
Consumers demand swift onboarding, but they’ll soon bank elsewhere if security is compromised or reputational harm occurs.
Know Your Customer (KYC) standards and requirements can prove a friction-filled and complex challenge for companies. Discover how identity verification (IDV) is transforming KYC, helping to drive growth while achieving compliance.
As well as being critical for assessing customer risk, KYC procedures are a legal requirement for banks and financial institutions that must comply with anti-money laundering (AML) laws.
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.
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.
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.
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.