Showing Posts In "KYC & Identity Management" Category

Entity Extraction for Adverse Media Monitoring Strengthens AML

Posted Under: KYC & Identity Management on February 1, 2022

Establishing a Know Your Customer (KYC) process is an integral part of a financial institution’s process to verify a customer’s identity and assess the potential risk of dealing with it. The process is complex and begins with verifying basic information about the entity, including the address of its headquarters and the sources of funds, and […]

Why Identity Verification is Essential to Background Checks

Posted Under: KYC & Identity Management on January 2, 2021

The post-pandemic background screening and hiring landscape will look much different heading into 2021 and employers should keep an eye on three key identity verification trends. Tools such as Knowledge-Based Authentication (KBA) or electronic Identity Verification (eIV) are growing more vulnerable to imposters due to personal information being more readily available on platforms like social […]

Identity Verification: The Misconception That Background Checks Confirm Identity

Posted Under: KYC & Identity Management on October 4, 2020

Although it is an important piece to any background screening process, not all background checks include identity verification. Without this critical step, an organization is vulnerable to becoming a victim of identity fraud, which, according to the Federal Trade Commission (FCC), was the most commonly reported type of fraud in 2019. Using a social security […]

Moody’s Confirms KYC Blockchain Platform is Credit Positive

Posted Under: KYC & Identity Management, US on April 8, 2020

Moody’s Investors Service had deemed a know-your-customer (KYC) blockchain platform credit positive for financial institutions in the United Arab Emirates. Developed for a consortium of six major UAE banks in partnership with Norbloc, the solution is expected to launch in the first quarter of 2020. With an aim to improve compliance and lenders’ regulatory frameworks, […]

Showing Posts In "KYC & Identity Management" Category

Entity Extraction for Adverse Media Monitoring Strengthens AML

Why Identity Verification is Essential to Background Checks

Identity Verification: The Misconception That Background Checks Confirm Identity

Moody’s Confirms KYC Blockchain Platform is Credit Positive

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