Picture this: you’re running a business in a world where regulations seem to change overnight, and fraud lurks around every corner. Sounds challenging, right? That’s
Verifying a business entity or an individual is a must if you want to survive in a world that is susceptible to identity fraud, and
Contrary to popular belief, identity verification is no longer a sophisticated requirement for businesses. In fact, it has become one of the most basic requirements
A variety of enterprise industries are leveraging the identity verification solutions, such as Compliancely that are available in the market. While incorporating identity verification infrastructure
In the past, businesses in the financial, banking, lending, and insurance industries got burned for not having proper identity verification processes in place prior to
The customer identification process is the crux of the KYC compliance narrative. Identity validation allows businesses to assess the risk of an incoming profile and
The very process of customer identification begins with KYC compliance, wherein the customer identification details, such as the name, address, phone number, social security number,
While it is moderately easy to find adverse media coverage about an entity or investigating an entity that has a general ill reputation in the
