Digital identity verification to top $40 billion in 2032 – What is new?

| | Identity Verification
According to new data from Juniper Research, global spending on digital identity verification checks will rise from US$11.6 billion in 2022 to US$20.8 billion in 2027, and is expected to reach US$40 billion. According to the survey, the market for identity verification is projected to expand at a CAGR of ... Read More

Everything about the Online Skill Based Gaming Laws in India

| | AML/CTF, KYC KYX
Top government authorities demanded the establishment of a regulatory organisation to oversee and categorise the online skill based gaming/gambling industry. According to a recent government assessment, India needs a regulatory body to oversee and categorise online gambling websites. The study, which was created by a committee of senior officials under ... Read More

Digital Insurance: Why is Digital Customer Onboarding crucial for the Insurance Industry?

| | Digital Onboarding
A 2020 survey of European insurance executives showed that some 89 percent of participants expected digitization in the insurance sector, this silver lines the existing process in the adoption of digital channels by the insurance sector. The insurance sector has been under pressure to enhance its online insurance market for some ... Read More

Talent Acquisition digital transition crisis – Why Identity Verification is the solution?

Talent acquisition is a planned process of identifying, assessing, and acquiring new employees. It starts with the intent to hire the best-performing resource in the industry. It is a carefully curated technique to fetch the best talent for organizational growth. And unlike general recruitment, it focuses more on quality over ... Read More

Sanction Screening: a comprehensive guide to help financial institutions fulfil sanction compliances.

| | AML/CTF
Why is Sanction Screening essential for financial companies? Financial institutions use sanctions screening as a tool to detect, prevent and manage sanctions imposed on individuals and entities. Sanctions are issued on entities, organizations and individuals who are deemed drug dealers, human traffickers, terrorists and smugglers by the respective country or ... Read More

5 Ways Identity Verification can help Airlines to ensure seamless operation and digital transformation

| | Identity Verification
Why do we need Digital Identity Verification? Digitalization is not a new term anymore, and it’s surely never going to fade away as it has etched its space in every sector. The optimistic business transformation it brought compelled almost everyone to incorporate digitalization processes into their business operation. Every industry ... Read More

What do you mean by Identity Verification? Why is Identity Verification an important process?

Ever since the digital transformation in banking, we have seen a giant shift towards digital onboarding in financial services. Technologies like liveness and identity verification solutions have started to be a prominent step in intelligent digital onboarding. ID verification software with the capability to onboard customers quickly and remotely have ... Read More
Aadhaar Verification

Aadhaar Verification Online: How do Paperless eKYC APIs work?

Verifying Aadhaar has become a crucial process for businesses and financial services alike. But we see a lot of customer churn due to failed verifications. The integration of Digital Aadhaar Verification can help stop revenue losses caused by these failed verification processes and the following customer drop-off. IDcentral with its ... Read More

Buy Now Pay Later (BNPL): Prevent fraud using AML and KYC checks

| | AML/CTF, Digital Onboarding, KYC KYX
Buy now and pay later (BNPL) services are the latest trend in the market, which is catching up with consumers and retailers quickly. Unfortunately, even the perpetrators are increasing in this system which have a potential to cause harm to a raising solution in finance. This blogs discusses how BNPL ... Read More
Digital Onboarding

What is Digital Onboarding? Why is it transformative for businesses?

| | Digital Onboarding
Few things are more crucial for internet businesses than the Digital onboarding procedures for user online. You invest a lot of money into getting people to visit your website, and many companies dedicate entire departments to optimizing it so that visitors turn into customers. Nothing could be further from the ... Read More