Know your customer

ScottHall.co Releases Guide on Crypto Tax Software Programs for Small Businesses

Retrieved on:

Friday, March 31, 2023

Pain, Tax, Government, Small business, Record, Software, File, KYC, Know your customer, Cryptocurrency

Digital content marketing consultancy ScottHall.co has published a new guide detailing the top five cryptocurrency tax software programs for small businesses. The report is intended to help businesses that accept cryptocurrency better understand their tax liability.

Key Points:

With crypto tax software programs, small business owners can easily and quickly organize their crypto trading records to account for their taxes, freeing up more time to focus on other aspects of their business and on their day-to-day operations.
According to the guide, it's especially important for small businesses that trade in cryptocurrencies to understand their tax obligations because crypto exchanges increasingly require KYC ("Know Your Customer") rules.
The report also reviews five of the cryptocurrency tax software programs designed specifically for small business owners, focusing on the distinctive features of each software program to help users optimize their time, accommodate different blockchains and exchanges, meet specific requirements like KYC, and even legally reduce their tax burden.
Scott Hall, founder of ScottHall.co, says, "You can use these recommendations for the top cryptocurrency tax software for small businesses which can be a great asset for any small business owner.

FreeBit Co., Ltd. Announces 'freebit web3 Blocks', a Solution to Various Problems of Blockchains.

Retrieved on:

Wednesday, March 22, 2023

FreeBit Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President, CEO and CTO: Atsuki Ishida; hereinafter "FreeBit") today announced the release of "freebit web3 Blocks", which solves various problems with the existing blockchains.

Key Points:

FreeBit Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President, CEO and CTO: Atsuki Ishida; hereinafter "FreeBit") today announced the release of "freebit web3 Blocks", which solves various problems with the existing blockchains.
Furthermore, FreeBit will actively develop its Web3 strategy, including micro-investment, in the following directions:
Demonstration use for Web3 start-ups, research institutions, consortium, etc.
Using the "TONE Factory" mechanism to build and publish a community-based, real-use environment through the uniquely customized "TONE e22" device.
*) Based on the in-house research of the number of nodes per blockchain network published on the internet as of March 9, 2023.

Aware and Anyline Partner to Bring Full eKYC Technology to Leading Pakistani Bank

Retrieved on:

Thursday, March 16, 2023

Know your customer, Pakistanis, Partnership, AWRE, Security printing, Online shopping

Under terms of the partnership, Anyline handles the capture and digitization of data from identification documents, while Aware provides the biometric technology to verify the person claiming to be on the document is live and matches the person on the document.

Key Points:

Under terms of the partnership, Anyline handles the capture and digitization of data from identification documents, while Aware provides the biometric technology to verify the person claiming to be on the document is live and matches the person on the document.
This enables the Pakistani bank to remotely and securely open bank accounts for new customers and eventually verify the identity of current customers.
“Our ongoing partnership with Anyline, and our collaboration to serve this bank, will help expand positioning for Aware in the Middle Eastern market,” says Craig Herman, Aware’s Chief Revenue Officer.
“It is equally important for eKYC to make sure the person presenting a document is in fact the actual owner of that document.

Aware Announces New Partnership with Uqoud to Bring Biometrics to Contract Management Platform

Retrieved on:

Tuesday, March 14, 2023

Know your customer, Partnership, Entrepreneurship, AWRE, News, Organization, Friction, Security printing

BURLINGTON, Mass., March 14, 2023 (GLOBE NEWSWIRE) -- Aware, Inc. (NASDAQ: AWRE) today announced a new partnership with Middle East-based contract management platform provider Uqoud to integrate Knomi ®, Aware’s industry-leading mobile biometric authentication framework, into the Uqoud platform.

Key Points:

BURLINGTON, Mass., March 14, 2023 (GLOBE NEWSWIRE) -- Aware, Inc. (NASDAQ: AWRE) today announced a new partnership with Middle East-based contract management platform provider Uqoud to integrate Knomi ®, Aware’s industry-leading mobile biometric authentication framework, into the Uqoud platform.
As a new part of Uqoud’s contract management platform, Knomi will enable Uqoud to onboard new users remotely using facial biometrics and identity verification and also continuously authenticate users through facial biometrics.
This integration will empower Uqoud users to securely verify the identity of all stakeholders involved in contract signings with minimal friction.
“Aware’s partnership with Uqoud represents an exciting new use case for biometric authentication,” says Craig Herman, Aware’s chief revenue officer.

Jumio KYX Platform Wins Gold in 2023 Globee Cybersecurity Awards

Retrieved on:

Wednesday, March 15, 2023

View the full release here: https://www.businesswire.com/news/home/20230315005256/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20230315005256/en/
Jumio was honored for its KYX Platform , which enables leading organizations to accurately establish, maintain and reassert customer trust from account opening to ongoing monitoring.
The Jumio KYX Platform combines the power of AI, biometrics, machine learning, liveness detection and automation to help organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance mandates.
The Jumio KYX Platform empowers organizations to detect fraud faster and with greater accuracy to reduce business impact while maintaining customer trust,” said Robert Prigge, CEO of Jumio.
“These wins further demonstrate Jumio’s commitment to its promise of eradicating online identity fraud and accelerating digital trust for all.”
The Globee Cybersecurity Awards honor cybersecurity companies that have made significant contributions in protecting organizations and individuals from cyber threats in the digital age.

BUSINESSNEXT launches AI-Based Digital Lending Platform 3.0

Retrieved on:

Thursday, March 9, 2023

Know your customer, Machine learning, AI, Algorithm, Controlled digital lending, Digital, SVP, SME, Gold, Ecosystem, Cryptocurrency

HANOI, Vietnam and JAKARTA, Indonesia, March 09, 2023 (GLOBE NEWSWIRE) -- BUSINESSNEXT, a universe of composable enterprise solutions to banks and financial services, announced the launch of its cloud-based Digital Lending Platform 3.0.

Key Points:

HANOI, Vietnam and JAKARTA, Indonesia, March 09, 2023 (GLOBE NEWSWIRE) -- BUSINESSNEXT, a universe of composable enterprise solutions to banks and financial services, announced the launch of its cloud-based Digital Lending Platform 3.0.
Leveraging AI-driven automation, codeless digital journey designers, and private cloud landing zones, the platform aims to provide end-to-end modernized lending solutions with absolute regulatory compliance to deliver a superfast lending experience.
The platform will enable banks and financial institutions to achieve the following outcomes:
90% automated approvals across retail, corporate, and SME lending products
The platform digitizes the complete lending process - from application to disbursement - to both existing and new bank customers.
Our digital lending platform ensures the lending process is more efficient and convenient for both lenders and borrowers.”

Jumio to Present at Gartner Identity & Access Management Summit in London

Retrieved on:

Thursday, March 2, 2023

Technology, Data Management, Security, Risk assessment, Access management, Exhibition, IAM, Know your customer, Cryptocurrency, Online shopping, Jumio

Jumio , the leading provider of automated, end-to-end identity proofing, risk assessment and eKYC solutions, today announced its participation and exhibition at the Gartner Identity & Access Management Summit, taking place March 6-7 in London.

Key Points:

Jumio , the leading provider of automated, end-to-end identity proofing, risk assessment and eKYC solutions, today announced its participation and exhibition at the Gartner Identity & Access Management Summit, taking place March 6-7 in London.
Throughout the summit, attendees can also visit Jumio at stand #210 to learn how the Jumio KYX Platform can help accelerate digital trust throughout the entire customer journey.
Gartner Identity & Access Management Summit: March 6-7, 2023
Special Jumio Session: Monday, March 6 at 2 p.m. GMT
Gartner Identity & Access Management Summit: InterContinental Hotel London - The O2
To schedule a meeting with Jumio at the event, click HERE .
For more information about the Gartner Identity & Access Management Summit, click HERE .

Yuanta Life Selects CyberLink FaceMe eKYC & Fintech Solution to Strengthen Identity Verification in Remote Insurance Service

Retrieved on:

Wednesday, February 22, 2023

CyberLink (5203.TW), a pioneer of AI and facial recognition technologies, announced a collaboration with Yuanta Life to securely conduct remote insurance services.

Key Points:

CyberLink (5203.TW), a pioneer of AI and facial recognition technologies, announced a collaboration with Yuanta Life to securely conduct remote insurance services.
By integrating FaceMe eKYC & Fintech, an AI based plug and play eKYC solution inclusive of state-of-art facial recognition and proprietary video conference technologies, Yuanta Life is able to confidently verify customer identity when facilitating insurance contracts remotely.
In response to this trend of conducting insurance contracts remotely, CyberLink provided a plug and play solution, FaceMe eKYC & Fintech, containing proprietary video conferencing to enable insurers to initiate a secured and recorded video call.
As demonstrated by the recent partnership between CyberLink and Yuanta Life, FaceMe eKYC & Fintech is an ideal solution for eKYC applications in the financial and insurance industries.

Banesco USA Selects AML RightSource's AI-Powered Technology to Improve Enhanced Due Diligence Investigations

Retrieved on:

Wednesday, February 22, 2023

AML, Bank Secrecy Act, Know your customer, EDD, BSA, Technology Sales Leads, Risk, KYC, Money, Bank, AI, Chief, Cryptocurrency, Banesco

CLEVELAND, Feb. 22, 2023 /PRNewswire-PRWeb/ -- AML RightSource, the leading provider of Anti-Money Laundering ("AML"), Know Your Customer ("KYC") and Bank Secrecy Act ("BSA") compliance solutions, announced today that Florida-based bank Banesco USA has selected its Automated EDD (Enhanced Due Diligence) solution for efficient, compliant customer risk reviews with streamlined, AI processes that deliver detailed assessments and reporting.

Key Points:

AML RightSource's AI-powered Automated EDD solution assists Banesco in efficiently conducting periodic risk reviews using Bank customer and corporate registry data.
Focal entities and their counterparties are evaluated across a broad array of risk-bearing characteristics, including adverse media, PEP/SOE, watchlists, cryptocurrencies and more.
The solution uses this information to produce algorithmic risk scores and dynamically determine customer risk segmentation based on definitions established by Banesco.
Additionally, the Compliance and IT teams at Banesco benefit from AML RightSource's secure cloud-based environment, ensuring full implementation in less than 90 days.

Jumio Supporting Sisal’s Winning Online Gaming Experience

Retrieved on:

Tuesday, February 7, 2023

Software, Payments, Artificial Intelligence, Data Management, Technology, Casino, Gaming, Security, Entertainment, Know your customer, Risk assessment, Multimedia, ID, Fraud, KYC, AI, Cryptocurrency, Jumio

Jumio , the leading provider of automated, end-to-end identity proofing, risk assessment and eKYC solutions, has partnered with leading international gaming operator Sisal to streamline KYC for its players online.

Key Points:

Jumio , the leading provider of automated, end-to-end identity proofing, risk assessment and eKYC solutions, has partnered with leading international gaming operator Sisal to streamline KYC for its players online.
Jumio offers industry-leading identity verification solutions to help gaming operators like Sisal verify the age of players, detect online fraud, fight account takeover and simplify the onboarding experience.
With Jumio, Sisal is able to meet compliance mandates and fight fraud while increasing player conversions and minimizing the need for time-consuming manual review.
“With Jumio we’re further improving our customer experience, giving immediate feedback on identity verification results and reducing our manual efforts to very few cases.”
“We’re proud to partner with Sisal to help them know and trust their online players,” said Emeka Ezeyi, head of gaming at Jumio.