Building the future of fintech.

Identity Theft and Cybercrime: Key Statistics & Facts

Identity theft is without a doubt one of the biggest concerns for consumers. Fraudsters develop and employ new technologies that assist them. Research conducted by the Javelin Strategy & Research in 2019 showed the number of victims of identity fraud fell down to 14.4 million in 2018 as opposed to a staggering figure of 16.7 […]

Read more
cybercrime facts and statistics

Legal Challenges of Blockchain Technology: What Are the Most Common Problems?

In all honesty, Blockchain technology is powerful, exciting, and has multiple uses. The first use case of blockchain was with cryptocurrency, other use cases range from online transactions to decentralized apps and common supply chain processes. As good as blockchain technology is, there are some legal challenges.  Before institutions begin to utilize blockchain technology for […]

Read more
legal challenges of blockchain

Is Online Document Verification for Digital Services More Important Than Ever?

The process of digitization is growing widely. Even the global smartphone users have reached up to 2.9 billion, and the number is rapidly growing. More and more customers are demanding faster digital services like online banking. Nearly 40% of all customers are more likely to obtain a particular digital service from businesses they are associated […]

Read more
why do need online document verification

KYC: How Does KYC Complement ID Verification Process?

It is crucial for businesses to know their employees and it is even more crucial to know who their customers and clients are. KYC (Know-Your-Customer) is a vital regulation component for any business to reduce fraud. It is a process that helps to identify and verify customers and who they claim to be.  Especially for […]

Read more
id verification process

Customer Verification: Why Do Online Businesses Need to Know Their Customers?

The online landscape is rapidly changing how businesses interact with their customers and vice-versa. Businesses have been realizing quickly how important digital methods of connectivity are. Digital space providers are ever-growing in industries like e-commerce, finance, and social media. Customer needs are evolving and they utilize the newfound convenience of digital methods like online shopping […]

Read more
what is customer verification

5 Trends that Ensure Digital Identity Verification is Crucial in Digital Age

Organizations have been making their switch to digital services for a long time, the pandemic brought a drastic change in the trend. One common change is how we access our financial services online. As most people are looking forward to returning their lives to the pre-pandemic era, digital channels and services are necessary. It is […]

Read more
digital identity verification trends

What is Synthetic Identity Fraud? How does it impact businesses?

Out of all the online frauds, synthetic identity fraud is one of the fastest-growing threats in the U.S. Traditional methods of detection and prevention of fraud are failing when it comes to synthetic ID fraud. Synthetic identity fraud is a type of fraud where fraudsters combine fake and real information such as real stolen social […]

Read more
what is synthetic identity fraud

5 Must-Know Anti-Fraud Strategies To Reduce the Risk of Fraud

Online fraud poses enormous risks, many financial institutions don’t have the procedures and effective systems in place to tackle fraud. No anti-fraud procedure is 100% foolproof. Regardless of that, there are some anti-fraud strategies including 5 key steps that can help in fighting multiple cases of fraud. Fraud is Growing in Quality and Quantity Customers […]

Read more
anti fraud strategies

Ali Dia: Premier League’s Most Well Known Fraudster

The OG football fans know all about Ali Dia, and why wouldn’t they? Ali Dia became famous among the premier league fans globally with just one match. Not for the good reasons though, he played for a good 53 minutes and it was clear that Ali Dia wasn’t built for football. Let’s go deeper into […]

Read more
Ali Dia Fraudster

Why Reliable Digital Document Verification Services are Vital for Business Operations?

Digital transformation is at an all-time high and all the organizations are switching to digital methods instead of physical ones. The process of digitization has sped up due to the global pandemic and businesses being forced to operate using online methods. With more and more customer interactions taking place online, the potential for online fraud […]

Read more
why do business need document verification