What is AML Screening?
Anti-Money Laundering (AML) is a set of rules. They aim to stop criminals from hiding illegal money as legitimate income. In today's globalized economy, AML is key to financial regulations.…
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What is e-sign?
E-signatures, or electronic signatures, are the digital equal of your handwritten signature. They offer a secure, efficient way to sign documents online. This eliminates printing, scanning, and mailing. But what…
What is CIP (Customer Identification Program)
A Customer Identification Program (CIP) is like a checklist that businesses use to confirm the identity of their customers. It's a way to make sure people are who they say…
What is Video KYC
Traditional KYC processes are essential for regulatory compliance and risk management, yet they have notable drawbacks. Manual document verification is a slow and labor-intensive process, which delays customer onboarding. These…
Unleashing Efficiency: How VCIP Transforms Customer Onboarding
The way banks verify your identity is undergoing a revolution. Enter VCIP, the Video-Based Customer Identification Process. Imagine a secure video call where a bank representative guides you through the…
What is Identity Verification & its key benifits
Identity verification is a crucial process that confirms a person’s identity, particularly during financial transactions such as opening a bank account or applying for a loan. This process not only…
Invoice data extraction
As companies expand, the volume of invoices increases, needs larger teams and long processing periods. Manual data extraction from invoices is a time-consuming process and chance of error is high.…