Know Your Customer (KYC) is a regulation whereby organisations must verify the identity of their customers or clients. This blog outlines what KYC is, why it’s important, and how RapidID can help organisations comply with KYC to remain safe.
Identity crime is one of the most common crimes in Australia with estimated annual costs of $3.1 billion. A stolen identity enables organised crime and can facilitate events like retail fraud, financial crime, money laundering, drug trafficking and terrorism. In this blog, we dive into what DVS checks include and how businesses use them.
Having alcohol and gaming machines on premises create big risks for businesses. Find out how biometric authentication is helping the hospitality industry here.
Verifying the identity of travellers provides safer transactions in the travel industry. We break down the potential threats and the solution here.
Keeping enrolments secure and assessments fair in education is essential. But with fraud prevalent, find out how modern ID checks can help institutions here.
Fraud in real estate is putting a huge strain on the industry. From fraudulent documents like employment letters to false credit reports, checking customer details is just a part of the business. Biometrics and online ID checks help agencies do it faster and more effectively.
The stakes are high when providing gambling services. But identity fraud and money laundering can be prevented with proper ID checks. Find out more here.
ID verification works to the benefit of both sides of the sharing economy - for customers and the people sharing their cars or their houses. With the adoption of ID verification technologies, share economy companies are now starting to demonstrate they are putting trust at the top of their list which is absolutely necessary.
Congratulations to Australia's newest bank, Judo Bank (previoulsy Judo Capital).
Identity theft is a worldwide issue and one of the biggest challenges facing the healthcare industry today. Pioneers in the security sector have begun to utilise biometric technologies which is proving to radicalise the way medical information is stored and accessed.
In the past five years alone there have been billions of hacking incidents causing irreparable damage to business reputations, costing millions of dollars and putting millions of accounts with private information at risk of identity theft. As more of our day to day business and transactions begin to take place exclusively online, our digital identities grow. Are you taking the right steps to ensure your customers' identities aren't vulnerable?
RapidID integrates its product suite to reduce customer friction & prevent fraud.
How Mimiro's AI-powered compliance data is preventing financial crime
Judo Capital has partnered with RapidID to ensure it meets its AML/CTF obligations.
REGTECH is a fast growing phenomenon. Is your business ready to make a change for good?
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