Getid - KYC for business

18/02/2022

Are you looking for an identity verification service and not sure where to start?

We've launched an online demo page to give you a good idea of how the verification process looks from the end-user perspective and which verification results can be delivered. TRY for FREE.

GetID Demo Verification Page is a great way to see our product in action:
- Choose user flow according to your onboarding requirements
- Go through the verification process
- See verification results in detail: document validity, face matching, document data extraction results and more
- Share your verification link with your coworkers (compliance team, customer support, etc.)

Go ahead and try GetID in action!
https://demo.getid.ee/

16/02/2022

In general, all Fintechs are obliged to perform KYC since they're a subject of AML regulations.

AML is the broad term given to the set of standards for financial organizations to protect against criminal activity.
That is why different types of financial services, e.g. online banks, are strictly regulated.
Curious to know more about the regulations of Fintech projects and how GetID can help to comply with them?

Read our extensive guide:
https://getid.com/a-fintech-start-ups-guide/

11/02/2022

In general, all Fintechs are obliged to perform KYC since they're a subject of AML regulations.
AML is the broad term given to the set of standards for financial organizations to protect against criminal activity.
That is why different types of financial services, e.g. online banks, are strictly regulated.
Curious to know more about the regulations of Fintech projects?

Read our extensive guide:
https://bit.ly/3FXgYqT

09/02/2022

CEO of GetID Dmitri Laush has commented on what is needed for a successful AML program.

Why do businesses fail to comply and what do you need to implement a successful AML-program?

What are the essentials of the successful AML program?

Read more in the article: https://cryptonews.net/en/editorial/regulation/what-is-needed-for-a-successful-aml-program/

Crypto exchanges, banks, payment services and other companies spend a lot of money and resources to ensure compliance with anti-money laundering regulations.

27/01/2022

Client identity verification is crucial for brokerage companies to fulfil their legal and regulatory obligations.

The current KYC flow involves multiple approval steps and going back-and-forth to the customer with requests for information. Some online platforms lack front-end validation and verification, sending back a 'rejected' response after some time has passed.

Failures in client identity verification can lead to regulatory action. The Securities and Exchange Commission (SEC) dished out $1 million fine to a brokerage firm due to breaching AML rules by allowing entities to trade without verifying the identities of non-U.S. beneficial owners.

Want to learn more? Check out our guide about Identity Verification for Brokerage and Trading companies:
https://bit.ly/33DU8o6

26/01/2022

KYC in Crypto

Since 2011, crypto assets worth $19.2 billion have been stolen. In 2021 alone, investors lost $2.99 billion in frauds and hacks, and statistics show that scams and hacks are growing at a rate of 41% per year.
Why is that? Lack of KYC and weak cyber security system.
Why do crypto exchanges and wallets avoid verifying clients in the first place? First of all, they are afraid to scare crypto holders away with the long verification process.
GetID can easily solve the problem by implementing its solution to any digital assets platform. Verification with GetID's algorithms takes seconds. Besides, company clients can choose which data they want from users in KYC flow builder - an easy customization solution from GetID.

Try it out! Getid.com

24/01/2022

GetID supplies fintech products with the most innovative solution for compliant and personalized onboarding. The effects are instant and measurable:
- Lower cost of KYC
- Faster ID verification process
- User-friendly experience
- Increased conversion rate
Keen to learn more? Head over to GetID website:
https://getid.com/

23/12/2021

Merry Christmas and Happy New Year from the GetID team!

Best wishes to you and your family! Let 2022 be easy and full of bright events!

21/12/2021

2021 was a truly remarkable year for the GetID team! Launches of new products, dozens of new features and product updates, attending several trade shows, new exciting partnerships and much more.🚀

As we're approaching the end of 2021, we decided to make the end of year roundup and remember our most important moments of 2021.Read the full article here👇

GetID 2021 of news and events roundup. New partnerships, trading shows, new products, case studies and more.

26/11/2021

How much does it cost to buy your old expired ID?
If you are a celebrity, then a lot!
Tom Topol found out the prices of celebrity passports.
So an old passport of Marilyn Monroe would cost $115 000, writer's James Joys - $98 696, Albert Einstein's - $93 000.
Would you acquire that?

25/11/2021

Insurance companies, like any other financial institution, are concerned about many specific things that can happen such as money laundering, tax evasion, terrorist financing, and other types of fraud. Hence, insurance companies are obliged to comply with AML-regulations.
Check the slides to look at the specific regulations:
https://bit.ly/3C6XKwU

18/11/2021

What is the KYC risk rating?

KYC risk rating is the calculation of the risk that the company can obtain by processing the client or individual.
Services and institutions gather information on their clients and after that analyze the KYC risk rating. If it is high, all the transactions of the client will be closely monitored by the service provider.

Have you ever worked with high-risk clients?