Author: Compliancely

October 26, 2021

Why Customer Identification Process (CIP) Is Important for Every Business?

Banks, financial institutions, insurance companies, and other entities on board a variety of profiles, including but not limited to customers, vendors, partnering entities, associates, intermediaries,

October 22, 2021

The New Anti-Money Laundering Directive and How Effective Is It?

In the June of 2018, the EU published a successor of the 4th AML Directive in the Official Journal of the European Union. This 5th

October 20, 2021

Automate Customer Onboarding Process with Digital Identity Verification

The very process of customer identification begins with KYC compliance, wherein the customer identification details, such as the name, address, phone number, social security number,

October 18, 2021

How Real-Time Identity Verification Handle the Complexities of Verifying Businesses

While it is moderately easy to find adverse media coverage about an entity or investigating an entity that has a general ill reputation in the

October 16, 2021

Importance of Digital Identity Verification in Banking

Headline: Importance Of Digital Identity Verification In Banking, Financial Services, E-Commerce, Lending & Other Industries An overview of how different industries are coping with the

October 14, 2021

Growing Need of Identity Verification

Businesses around the world are adjusting to the priority regulations laid down by international regulatory bodies like FATF. Be it banking, insurance, health care, e-commerce,

October 12, 2021

Types Of Identity Verification

Businesses often onboard a variety of profiles. These profiles could be customers, vendors, partnering companies, recruits, or associates. Businesses in banking, financial services, insurance, healthcare,

September 15, 2021

What is a TIN Match and How Do Businesses Confirm If A TIN Is Valid?

When onboarding customers, vendors, partners, recruits, and other profiles, business entities use a prescribed set of identification methods to identify and verify the credibility of

September 10, 2021

Effective KYC Compliance API with Compliancely Real-Time Identity API

Due to the sensitized conditions surrounding the business onboarding processes, businesses must focus on identifying and preventing money laundering, identity theft, and related threats that

September 08, 2021

Top 5 Signs Your Business Needs Real-Time TIN Matching

There are many things that businesses can afford. Assets, cryptocurrencies, budget for advertising, and so on. But penalties are not one of those things. If