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Removing Friction from Capture When Proving Identities

We use the word “friction” in multiple contexts. In identity proofing, friction results when it takes significant effort for a person to prove who they are. If it takes a user too long to prove their identity, the user may become frustrated and give up. This hurts businesses that depend upon digital onboarding for their customers.

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Top Six Considerations for Selecting Public Sector Identity Solutions

Leading government agencies are digitizing and streamlining traditional identity verification processes—from financial professional background checks to driver’s license renewals to entitlement applications. With digital processes, constituents do not need to carry their personal documents to application centers, travel to remote offices, or wait in line for a clerk to manually process their applications. This reduces staff burden, mitigates risk, and improves the constituent experience by providing services more quickly, conveniently, and securely than traditional in-person methods.

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Five Ways KYC API Solutions Can Help You Achieve Compliance, Security, and Customer Satisfaction

As Know Your Customer (KYC) guidelines have adapted to keep pace with technological advances, Application Programming Interfaces (APIs) have become critical tools to help organizations comply with KYC requirements at scAs the demand for self-service onboarding solutions continues to grow, companies in the financial and fintech industries must rely on technology to ensure they're prioritizing security and regulatory compliance without sacrificing customer experience.

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Using iBeta-Certified Facial Liveness Detection to Combat Digital Identity Fraud

In the last couple of years, and particularly during COVID-19, online and remote transactions requiring identity verification have become the norm. Using biometrics as part of digital identity verification is a secure and frictionless experience. For example, opening a new banking account is as simple as taking a selfie and uploading a picture of your driver's license.

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Enhanced Due Diligence (EDD): Onboarding High-Risk Customers

Enhanced Due Diligence (EDD) procedures protect businesses when onboarding customers who have been identified as high-risk. EDD finance checks involve stricter verification methods than standard Customer Due Diligence (CDD). They may be required for certain customers, such as foreign government officials or large cash transactions, and serve to strengthen protection against fraud and money laundering.

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