Parallel Markets acquires Passbase assets to make KYC faster, more efficient
Germany-based digital identity verification and selfie biometrics provider Passbase has sold assets to U.S.-based reusable identity company Parallel Markets to…
Search Results for: KYC
Selfie biometrics for KYC expanding in Pakistan, Thailand, and Colombia
Aware is now providing biometric authentication to one of the leading banks in Pakistan through a partnership with mobile data…
Zimbabwe telco to introduce digital KYC amid rising cyber fraud concerns
High levels of cyber fraud are pushing businesses in Africa, including telcos and those in the fintech space, to implement…
Hong Seng acquires 51% of eKYC firm Innov8tif for $7M
Malaysian investment holding company Hong Seng Consolidated Berhad has acquired a 51 percent stake in eKYC firm Innov8tif Holdings by…
Biometric partnerships boost KYC in SE Asia, Ukraine as Nigeria and India see gains
KYC providers are targeting businesses in underserved areas to improve access to financial services with technologies like selfie biometrics and…
Selfie biometrics deployed for KYC, hotel check-ins and Microsoft Teams
YooniK joined forces with Host Hotel Systems to bring biometrics to the hospitality sector and iDenfy with Primo Dialler to…
Biometrics providers line up partners, customers in diverse sectors for KYC and compliance
Compliance with Know Your Customer checks and other regulatory requirements remain a major driver of biometrics implementations. The latest round…
KYC and AML costs add up, compliance with biometrics costs less: Ondato
The cost of anti-money-laundering (AML) processes for major European banks averages €14.25 million (US$15.15 million) each year, with each of…
ID fraud rises worldwide but biometrics helps KYC
Several companies in the know-your-customer (KYC) and anti-money laundering (AML) spaces have recently shared new insights into the industry. The…
Online marketplaces say ID verification is vital amid KYC deals
Eighty-seven percent of online marketplace executives view identity verification as critical to protecting consumers and building trust in uncertain times,…
