by Patricia Diez | Aug 11, 2022 | Electronic Signature with Digital Identification
WHAT IS THE EU DIGITAL IDENTITY WALLET? The EU Digital Identity Wallet is a European Commission Project that has been led by its president, Ursula Von der Leyen, and that is aiming to enable a unified digital identification system in Europe. This EU Digital ID Wallet...
by Patricia Diez | Aug 2, 2022 | Digital Onboarding, Video IDentification
ID verification, ID check or identity verification is the process that ensures a person is who they are supposed to be. But… How to guarantee safety when this process is done online? Identity is the attribute of identical, the exact correspondence of one thing with...
by Patricia Diez | Jul 28, 2022 | Facial Biometrics
What is facial recognition, also known as face recognition? How does facial recognition work? What practical applications can it have? Biometrical facial recognition is one of the most demanded identification solutions for online identity verification....
by Alex | Jul 21, 2022 | Electronic Signature with Digital Identification, Solutions
In the wake of the digital revolution that has swept the world, countries updated their regulations to incorporate digital signatures to facilitate online business. In the EU, eIDAS regulation has classified three primary types of e-signatures: SES, AES and QES. This...
by Patricia Diez | Jul 14, 2022 | eIDAS regulation, AML5 and AML6
6AMLD (6th money laundering directive) represents the next step in European regulations on money laundering and terrorist financing. In a recent article, we delve into the status and evolution of the fifth European Anti-Money Laundering Directive (AML5), the current...
by Patricia Diez | Jul 7, 2022 | eIDAS regulation, AML5 and AML6, eIDAS regulation, AML5 and AML6
What is 5AMLD or 5th Money Laundering Directive or AML5? What is the 5th AML directive? The 5th money laundering directive or AML5 is the European Union community rule standard for the prevention of money laundering and terrorist financing. The EU 5th AML Directive...
by Alex | Jul 1, 2022 | KYC & AML
An estimated US$2 trillion dollars of criminal money makes its way into the banking system every year. Know Your Customer, commonly referred to as KYC, is a bank’s or financial service provider’s first line of protection against financial crime. In response to the...
by Patricia Diez | Jun 28, 2022 | KYC & AML
KYC (Know Your Customer) related practices are especially relevant in user and client relationships with businesses and are the first step in a customer relationship with a company. Its importance in relation to customer onboarding, its relationship with identity...
by Patricia Diez | Jun 23, 2022 | Digital Onboarding, eIDAS regulation, AML5 and AML6
What Does KYC Mean in Crypto? So, what is KYC in cryptocurrency? Together with AML (Anti Money Laundering) directives, the KYC concept is key to establishing controls that facilitate transactions, increase the security of cryptocurrencies and prevent fraudulent use of...
by Alex | Jun 20, 2022 | eIDAS regulation, AML5 and AML6, Electronic Signature with Digital Identification, Solutions
WHAT IS A QUALIFIED ELECTRONIC SIGNATURE (QES MEANING) So, what is a Qualified Electronic Signature or QES? The Qualified e-Signature (QES) is perceived as the most complete and secure method to digitally prove the identity of a subject and the acceptance of the...
