Advancements in biometric security solutions like facial recognition technology have led governments and organisations alike to utilise this technology.
Facial recognition and other biometrics technologies have gained massive adoption from a wide range of companies in the past few years. In this article, we'll examine how these technologies work. Then, we'll look at some current real-world applications as well as the risks and benefits for individuals and organisations.
Launching any startup involves a lot of challenges and opportunities. Businesses in the FinTech sector have to think about all sorts of metrics: customer acquisition costs, churn, monthly cash burn rates, and many other factors.
Although you might think that customer onboarding in the digital era would be much easier than a few decades ago, there are numerous potential hurdles for organisations to consider.
For organisations, know your customer (KYC) is all about finding efficient ways to prove that potential customers are who they say they are. Organisations need secure and reliable information to ensure they are providing accurate services to their customers. For individuals, they want more ownership of their data and simple onboarding processes to ensure an exceptional customer experience occurs and trust is developed. Between this, an effective KYC solution should be in place to ensure these transactions between organisation and customer are secure and frictionless.
Know your Customer (KYC) and anti-money laundering (AML) are probably terms you’ve heard before, especially as discussions around consumer privacy and security increase. However, sometimes the meanings of KYC and AML can become confusing depending on who you speak to or the application they’re being used for.
As data breaches are becoming more and more prevalent it’s hard to not become immune to them. Companies we know and trust are getting hacked right and left and, for many, it seems like there’s little we can do about it besides become a hermit and take ourselves off the grid entirely. But, that’s not the case and it’s poor judgment to ignore the possibility of hacks. While data hacks are increasing frequency in North America, there are some things you can do to keep them from affecting you or at least lessen the blow.
What a year 2018 has been! We've seen some incredible growth and developed some invaluable partnerships. With the holiday season just around the corner, we've taken some time to reflect on everything we've done and accomplished throughout the year. From launching our products and token sale to attending incredible events - you can read all about our 2018 year in review below.
Cryptocurrency exchanges are under immense pressure to prevent cases of fraud. Everything from potential exchange hacks/stolen funds to money laundering presents major obstacles for establishing and maintaining regulatory compliance. In this article, let’s try to grasp why crypto exchanges are at risk and outline a few strategies that can significantly optimise fraud prevention.
Despite the fact that most organisations across the globe prioritise strict anti-money laundering (AML) procedures, we continue to hear case after case of regulatory breaches.