Kenya Passport Verification – Verifying Authenticity for KYC

Passports are a crucial document while conducting KYC checks for verifying identity. This includes countries like Kenya, where document fraud is a huge problem. Financial institutions, telecom providers, or government services all need to confirm the validity of a Kenyan passport to prevent fraud and ensure secure onboarding. Kenya has made significant strides in digitizing […]

Identity Verification Process for Crypto Exchanges

Since the beginning of 2021, cryptocurrency exchanges have been growing at an alarming pace. And there were over 100 million crypto users in January 2022. While the market has slowed down, the crypto industry is still growing, and chances are there will be another huge spike in the number of customers. To handle these increases […]

9 Common Risk Management Failures Every Business Should Know About

Risks are a part of every business, especially after enterprises have started focusing aggressively on digital transformation. These new goals for enterprises have opened up business risks. This calls for enterprises to take a deeper look into their risk management programs, also investing in newer technologies like online documents verification can help in managing risks. […]

Mobile ID Verification and Phone Number Verification: All You Need to Know

The first thing a fraudster attempts to gain access to conduct fraud is a mobile phone. Also, businesses use mobile devices to capture identity data, onboard customers, and prevent risks of fraud. As the world rapidly shifts towards online interactions, understanding what mobile ID verification is and how it works becomes paramount. Phone verification or […]

What is Identity Intelligence – How to Fight Fraud with ID Intelligence?

Identity intelligence is using a combination of smart analytics, data, and new-age technologies to prevent ID theft fraud. Businesses use smart analytics to identify anomalies in data to uncover potential red flags and risks of fraud. By using ID intelligence, businesses can detect and mitigate fraud risks in real-time, enhancing the security in digital environments. […]

NeoBanks vs Traditional Banks – What’s the Difference?

Have you noticed new companies popping up out of nowhere, offering great credit cards, bank accounts, and other financial services? Companies with a massive digital footprint but almost zero physical footprints. Welcome to the world of digital banking. Digital banking or Neo-Banking is the next natural step that the financial industry will take, at least […]

Fraud-as-a-Service: The New Dark Web Service & How ID Verification is Preventing It?

The dark web is the home to a range of fraudsters. The majority of cybercrimes, financial frauds, and more can be traced back to the dark web in one way or another. This also includes Fraud-as-a-Service (FaaS) platforms that offer phishing kits, fraud kits, stolen credentials, and other tools to conduct fraud. With these tools […]

All You Need to Know About Multi-Accounting Fraud

Online platforms such as marketplaces, gaming sites, fintech apps, referral programs, and online stores are constantly under threat from fraud. Fraudsters keep coming up with newer methods to conduct fraud, and multi-accounting is one of them. Multi-accounting is where a single user creates multiple fake accounts to exploit a system. In this guide, we’ll explore […]

Open Banking: The New Era of Financial Auditing

The world of auditing is changing rapidly, and Open Banking is driving the change. For decades, auditors have relied on traditional, manual processes—chasing down client records, cross-referencing financial statements, and making sense of fragmented data. It’s a system that works, but it’s far from perfect. Traditional audits are slow, prone to human error, and often […]

Proof of Income Verification – Common Documents Used for POI Verification

Proof of income is a critical requirement in various financial and legal transactions, from securing a loan to renting an apartment. Lenders, landlords, and government agencies often request proof of income to assess an individual’s financial stability. While there are several documents that can serve this purpose, verifying their authenticity is equally important. In this […]

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