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.
Auckland, NZ, December 10th, 2018 - SingleSource, pioneers in decentralised identity and risk scoring, have secured a R&D grant from Callaghan Innovation, New Zealand’s innovation agency, to help fund the development of the company’s decentralised digital identity and risk scoring platform.
Blockchain is more than just a buzzword. It’s already being used to solve real-world problems in a number of industries. But how does it work? In this article we explain what distributed ledger technology and blockchain are. We also explain how these technologies work to keep data secure, create sovereign identities, and streamline KYC processes.
Before the rising popularity of the internet, most people relied upon only a few forms of offline identity. As more people started to utilise web-based technologies, we saw a rise in the creation of several, disparate digital identities. As a result, end users today are finding it more difficult to manage data across various platforms while also maintaining data privacy. This is all part of the complex history of digital identity.
Identity and Access Management (IAM) is increasingly important in finance for quite a few different reasons. First, we have continued to see an increase in the number of regulations surrounding data privacy. Initiatives like GDPR are being passed by various legislative bodies from around the world, ensuring that businesses establish better data privacy measures.