Blogs

How DIRO is Changing the Online Document Verification Landscape?

The rise of digital banking services, ACH payment, and third-party payment providers have changed the face of banking. The needs of customers are an ever-changing concept and to facilitate those needs, the financial industry is trying to offer faster and more secure transactions. To enjoy the benefits that come along with digital banking transactions, banks […]


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Why DIRO is the Best

Handling the New AML Compliance Challenges With Latest Payment Methods

The global prepaid card market will reach $3.65 trillion by 2022. It is also expected to grow more based on the advancement in technologies and with customers slowly moving towards digital and cashless economy instead of old methods of cash and cheque. These latest payment methods are crucial for building vital cash flow for businesses […]


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aml compliance challenge

Why AI-Based Online Document Verification is the Best Way to Verify Identity and Mitigate Fraud?

Showing any kind of proof of identity is vital to complete any kind of legal formality or verification process. No matter what industry a customer is trying to become a part of, be it banking, insurance, healthcare, technology, travel, education, or any other online service, the customer is asked and obligated to present an Identity […]


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ai-based document verification solutions

What Is Identity Theft? How to Prevent ID Theft Online?

Identity theft is when someone steals your personal information and uses it for financial fraud. There are multiple types of identity theft and each type can affect you differently. Almost all types of identity theft lead to financial loss. The cases of identity theft are growing every year with the rise of new technology, and […]


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how to prevent identity theft

AML Compliance Guide: What Are The Best Practices for Anti-Money Laundering?

Finding and following effective AML programs to ensure Anti-Money Laundering compliance throughout organizations is crucial for all businesses. Keeping up with effective AML policies, procedures and utilizing the latest technologies can assist an organization in protecting itself from money laundering.  Although not every organization follows the best practices for anti-money laundering compliance which can cause […]


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AML Compliance

What Is The Complete KYC Procedure For Merchant Onboarding Process?

Finishing the merchant onboarding process comes with its fair share of risks such as fraud, excessive chargebacks, money laundering. To save businesses from this series of frauds, regulatory guidelines and rules are set in place to reduce the risk of fraud. Know Your Customer or KYC is a set of due diligence rules that has […]


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merchant onboarding kyc

How to Enhance Supplier and Vendor Onboarding Process: Best Practices, Process, and Rules to Follow

Vendor onboarding or also known as supplier onboarding is a tricky yet extremely meticulous process. Supplier relationship management is a systematic process that allows businesses and organizations to collect documentation and data to qualify, approve and contact vendors, purchase goods or services and make timely payments to supply partners. Vendor onboarding compliance is tough as numerous […]


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what is vendor onboarding process

What is Blockchain Technology and How Blockchain Works?

Blockchain technology, also known as Distributed Ledger Technology (DLT), helps in maintaining the history of any digital asset immutable and transparent. The technology uses decentralization and cryptographic hashing to make the data unchangeable and transparent. While blockchain is widely popular in the cryptocurrency industry, other industries don’t know what is blockchain technology or how blockchain […]


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What is blockchain technology

What’s the Importance of FinTech in Banking Industry?

The banking industry is in a dire need of digital transformation as customer demands are changing drastically. No customer has the luxury of time to wait for multiple days for the completion of the smallest of processes. FinTech or financial technology is important for the digital transformation of the banking industry and financial industry. FinTech […]


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importance of fintech in banking

How to Verify Bank Accounts For Merchants?

The finance industry is full of fraud every step of the way, and merchants bank account verification and customers are important. Businesses use some common practices to collect and verify bank account details. The method for verification for merchants bank account, differs from business to business. There are multiple ways to verify bank accounts for […]


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how to verify bank accounts for merchants