AML/KYC And Identity Verification In Australia

Melissa AU Team | AML, Australia, Identity Verification, KYC | , , ,

Businesses need to know their customer details not only to be able to assess their needs but also to comply with governmental KYC and AML regulations. In Australia, any business that provides services listed under section 6 of the AML/CTF Act needs to perform a certain level of identification for all their customers. What’s more, AUSTRAC, the Australian Government agency is due to amp up the identification procedures and due diligence required.… Read More

Biometrics: A Big Need in Digital Identity 2022

Melissa UK Team | 2022, AML, eIDV, Fraud Prevention, Identity Verification, United Kingdom |

With the transition to hybrid cloud technology accelerating across various sectors, the use of biometric technology has only been taken seriously over the past few years with the pandemic shining a spotlight on its benefits.

A major use case is remote onboarding of customers and clients, verifying their identity on a digital scale in a matter of seconds, rather than manual checks where a person would have to come in and present various forms of ID to a person. … Read More

Identity Verification Procedures Used By The Top 5 Crypto Exchanges

Melissa IN Team | Identity Verification, India | , , ,

Cryptocurrency is relatively young in the financial ecosystem but it has grown rapidly. As of 2021, there were over 300 million crypto users in the world. Many businesses have started accepting cryptocurrency as payment but most investors still use cryptocurrency to build assets akin to those held in the stock markets. As acceptability rises, so does the need for cryptocurrency exchanges to protect themselves and their clients.… Read More

Identity Verification in The Healthcare Industry

Melissa IN Team | Identity Verification | , , ,

Technology has made inroads in every section of health care. Wearable smart devices track your heart rate, oxygen levels, etc. Gone are bulky files- patient health records are maintained electronically and made available not just to doctors on their computers but on smartphone apps too. Doctors are even using technology to make a remote diagnosis. Then there are robotic surgeries and the use of Artificial Intelligence to personalize patient care.… Read More

Address Validation – Benefits And Use Cases Explained

Melissa IN Team | Address Validation | , , , ,

Did you know that there are 288 places named Fairview in the USA? There are 5 more places in Canada and 3 in South Africa that share the same name! So, when someone tells you they live in Fairview, you don’t necessarily know the place they’re talking about until you get the state name or the pin code.

Businesses rely on street addresses not only to approximate delivery timelines but also to understand customer demographics and strategize marketing plans.… Read More