Tag: Electronic IDentification

Electronic IDentification, which offers KYC and AML software, has released a report exploring the role of CDD in banking.

Digital images and selfies have been a staple for online verification for many years. However, Electronic IDentification has warned that they are no longer KYC/AML compliant.

As more firms look to implement new digital authentication technologies, there are a few options to pick from. Electronic IDentification has released a report exploring biometrics and e-signing as standards.

When carrying out any form of procedure with private or public organisation, the verification of an identity is vital. In terms of passports, how and who can verify them?

With the rising level of money laundering regulations and fines, firms need to know what their requirements are. Electronic IDentification has released a report examining the AML Directives.

 As more firms digitise their operations, it is likely more confidential documents will need to be signed digitally. There are three types of e-signatures,...

The early days of cryptocurrency were based around the idea of anonymity. However, to bring the asset type into the financial ecosystem, this has changed. Know your customer services aim to ensure cryptos cannot be used for illicit activity.

As companies move more operations online, the need for digital signatures will only increase. Many people have signed contracts or legal documents digitally. While they seem like simple tools, these solutions need to ensure the signatory is really who they claim to be.

The RegTech industry has proven resilient throughout the Covid-19 crisis, but vendors better avoid making big mistakes to ensure their future success.

RegTech Electronic IDentification has proposed a solution that would use biometrics to help people set up bank accounts at ATMs.