What is AML Fraud Detection? Definition and Purpose Anti-Money Laundering (AML) fraud detection refers to the processes and systems put in place to prevent, identify, and report money laundering activities.…
Today, every company wants to cut time-consuming, manual work. Technology has greatly improved invoice management. Manually checking invoices and entering data is slow and error-prone. This is where Invoice OCR…
In the current society that is fast growing, organizations are embracing digital innovations. One innovative solution is Video KYC (Know Your Customer) Verification. It has revolutionized the identification process. This…
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.…
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…
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…
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…
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…
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…
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.…