The Digital Identity Blog

In the challenging and fast-paced world of international aid organizations, humanitarian concerns, private sectors, and government agencies, a significant problem arises – the complex management of medical professionals and their multitude of licenses and certifications. Balancing multiple systems across hiring, security, and certification steps, such as background screening, interviews, offer letters, and more, is an intricate task. Even after hiring, the challenge continues as these organizations must continuously monitor the certifications and licenses of their employees, which are often dispersed across various databases. It's a chaotic puzzle, requiring precision and timeliness to find the perfect candidate who meets specific requirements. 

Money 20/20 Europe was a wonderful experience with an impressive lineup of keynote speakers, sponsored talks, events, and a great conference floor layout. Attendees represented leading fintech companies, with many delivering outstanding presentations that unveiled fresh perspectives and highlighted emerging trends in fraud prevention, back and front office efficiencies, and much more. Their knowledge and insights helped us solidify our market stance and differentiation in this ever-evolving fintech landscape. 

Digital identity has come a long way in the past decade, particularly within the financial industry. Ten years ago, most financial institutions relied on traditional methods of identification, such as presenting a physical driver's license or passport when opening a bank account or applying for a loan. While these methods were effective, they were also time-consuming and prone to fraud.

Liveness is quickly becoming an essential part of the identity verification process. However, before delving into what liveness is and the benefits associated with it, we need to take a step back and look at the larger picture. Why is liveness needed when we have comprehensive identity verification solutions already? How is fraud detection limited? Only then will we truly understand the need for liveness detection in our solutions. 

Digital identity is becoming increasingly important in today's world, especially in the Supply Chain Industry. With the rise of blockchain and decentralized technologies, it is now possible to create secure, verifiable digital identities that can be used to track and verify the movement of goods through the supply chain.

Know Your Customer, or KYC, is crucial to business. However, assessing the suitability of customers for a business relationship can be time-consuming and costly, particularly when conducting manual KYC. Fortunately, there is a solution. Verif-y provides automated KYC solutions to help businesses increase efficiency while reducing friction and unnecessary costs. Let’s take a closer look at the importance of KYC and why automated KYC is the best option for your organization. 

The Verif-y team had the pleasure of attending this year’s Money 20/20 conference in Las Vegas, Nevada. This industry-leading conference brings together companies from around the world, in areas such as FinTech, Payments, and Ancillary Services. It is an action-packed event filled with amazing speakers and provides networking opportunities with both new and familiar faces.