The Digital Identity Blog

A platform giving families agency-level tools to find and manage care for their loved ones; a chic smart ring designed to save lives by calling 911 when triggered; curated sustainable fashion; and a solution that ensures your identity remains safe by keeping your data secure and in your own hands – what do all these purpose-driven start-ups have in common? They were all thrilled to be back in person and exhibiting at TechDay! 

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.

Last month, Verif-y participated in Identity Week, a global conference and exhibition encompassing all things identity. It is an event that brings together the brightest minds in the identity sector. The conference promotes innovation and the most current and effective identity solution methods. 

Maintaining the safety of workplaces is crucial in the construction industry. An essential part of
maintaining this is making well-informed hiring decisions. Without the right data, employers and HR departments might miss screening out applicants with potentially problematic histories, substance use disorders, suspicious employment histories, and fraudulent education and certification information. Fortunately, background checks are the perfect solution. Background checks enable employers to simplify their recruitment processes by accessing important information on applicants, including their criminal record and past employment. Let’s take a closer look at some of the primary reasons why background checks are crucial in the construction industry.

One of the most notable inclusions of the new concept of the metaverse was made when Mark Zuckerberg announced their plans to rebrand Facebook to Meta. On their website, they called metaverse the “next evolution of social connection”. But many are still not fully aware of what the metaverse is, including its potential, its limitations, and its impact on their lives in the future.

What is the Metaverse? Is it the new Marvel movie that is going to be released in May? No wait, that’s the Multiverse. The name Multiverse is not that different from Facebook’s (Meta’s) Metaverse, as the Multiverse consists of multiple universes. Meta is creating a whole new reality and experience for us, its users. Meta has created a “universe” if you will, for us to live, engage, and work in.  And the more time we spend there, the less time we are experiencing the real world.

Cybercriminals are rife in today's ever-expanding digital society. Data breaches in 2021 soared past those of 2020, but Verif-y is here to protect your Personally Identifiable Information. Verif-y ensures proving your identity is fast, easy, and secure. Verif-y eliminates manual, difficult and inefficient paper-based identity verification processes by offering automated screening services through four main services: Know Your Customer (KYC), Know Your Business (KYB), Selfie Scanning, and Credit Card Scanning.

President Joe Biden’s recent mandate, requiring all companies with 100 or more workers to implement measures to verify employee vaccination statuses, has businesses all around the US on an urgent search for secure systems. About two-thirds of the workforce, over eighty million people, will be impacted as well as around four million federal workers.

Many have referred to 2021 as the year of the ‘great resignation’. Talented and skilled professionals have been transitioning out of roles and into new ones, seeking a greater work life balance, satisfaction, and better compensation amongst others. Despite the potential excitement for these talented individuals; the ‘great resignations’ remote nature has created significant challenges for businesses. The already tedious pre-employment screenings have consequently become even more challenging due to court closures and lack of in-office proximity. To combat these digital hurdles, it’s important that companies look to leverage innovative technology to reduce new employee onboarding times and create more personal experiences.