Risks of Not Verifying Businesses During Onboarding

Business verification is the backbone of businesses that want to scale quickly while maintaining security & reputation. Having a KYB pipeline isn’t just a “nice to have”; it’s a way to mitigate risks in the world of business. When you bring a company into your network without knowing who actually owns it, chances are you’re […]

The Risks of Onboarding Unverified Businesses

The Complete Guide to Corporate Identity Verification

More and more businesses struggle in dealing with financial fraud. Especially with the rise of AI and sophisticated technology. Businesses that onboard or provide services to other businesses need to be more vigilant about verifying corporate identity. Not verifying business identities properly can lead to financial fraud, data breaches, and huge struggles. Not only does […]

Online Business Verification: Everything You Need to Know

Online business verification has become a crucial part of online transactions that happen today. The primary purpose is to prevent fraud. In fact, a 2023 study by the ACFE found that nearly 30% of corporate fraud cases involved fake companies posing as legitimate vendors. Whether you’re a financial institution, a fintech startup, a B2B marketplace, […]

Online Bank Account Verification: Everything Businesses Need to Know

Bank accounts are the pillar behind personal and commercial banking. Verifying a bank account has become a critical step for modern businesses to verify identity, understand finances, or disperse loans. In 2023, the global payments industry handled over 3.4 trillion transactions. That number is rising while you are reading this article. So, verifying that a […]

What documents are required for bank account verification?

Top ID Verification Methods for Businesses in 2025

Digital fraud keeps getting smarter, so do the ways to stop it. As a business, you need to be vigilant all the time. Especially if you’re a bank, crypto exchange, e-commerce, healthcare, or lending company. When you’re onboarding customers, you can’t afford to get ID checks wrong. Customers want quick signups, but businesses can’t afford […]

Identifying Fake Bank Statements: How to Fight Fraudulent Applications

Bank fraud is getting harder and harder to spot, especially with so many free-to-use AI tools. Fraudsters today have an easier time conducting fraud compared to fraudsters a decade ago. Banking fraud increased by 11% between 2023 and 2024, which is concerning for both businesses and individuals. This is why it’s crucial to identify fake […]

KYC in eCommerce – What You Need to Know

If you run an eCommerce business, you already know that trust is everything. Customers want fast checkouts, easy returns, and secure transactions. But behind all of that sits something you can’t afford to overlook—KYC. Know Your Customer isn’t just a checkbox for compliance. It helps you spot fraud, avoid chargebacks, and protect your business from […]

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. […]

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