Are Brokers Ready For The Next Bull Market?
As we are seeing a downturn in the economy, companies are expecting to see a rapid influx of new users. In this article, you will understand what you will need to do to prepare your company for the new bull run. What’s The Economic Impact Of The Coronavirus? The World’s economy is suffering COVID-19 pandemic […]
BASIS ID to support enterprises with free identity verification service
BASIS ID will dedicate 1 million free verifications to companies from the APAC region to aid them recover from the crisis. During this difficult time, COVID-19 is restricting face-to-face contact between people, whereas the necessity to conduct customer identification and verification remains. Moreover, ensuring security of relations with the clients and partners has never been […]
Automation of KYC and how manual labor can be reduced in this process? How to ensure greater accuracy using automated KYC?
The development of technology and communications made moving money fast, easy and cheap around the world. On the other hand this made the task of combating money laundering and financing of terrorism more demanding than ever. Financial institutions face great challenges to satisfy the demands of the regulatory authorities and prudent regulations. It is not […]
Which Countries Require EDD and Extra Measures of Security
The European Commission and FATF constantly update lists of high-risk countries. Organizations have to closely monitor those lists and make sure that their customers from those countries go through Enhanced Due Diligence. In the previous article (https://www.basisid.com/what-refers-to-anti-money-laundering-and-what-are-the-last-regulatory-requirements/) we have examined what is money laundering. In this article we will take a closer look at countries […]
What Is KYC And How BASIS ID Makes Compliance Easy For Fintechs?
What does KYC/AML mean? What are the requirements to be compliant and how to mitigate risks as a FinTech? If you are reading this article, you are probably interested in FinTechs. There’s even a chance that you either work at a FinTech company or starting your own. However, just to be clear, Financial Technology or […]
What refers to Anti Money Laundering and what are the last regulatory requirements
Anti Money Laundering becomes a widely used term in the financial industry and moreover becomes a term that is making headaches for the financial institutions itself. AML as a function gets high attention due to the scandals that arise from the biggest financial institutions and the amounts of imposed penalties. For maintaining compliance with the […]
All you need to know about Adverse Media Screening
Read a detailed article about adverse media screening and how to be on the cutting edge of regulations without much effort.
CS.MONEY and BASIS ID have joined forces to enable users to perform the trading of gaming assets securely and quickly
The biggest in-game skin trading platform – CS.MONEY and the identity verification service provider – BASIS ID have announced their partnership in October this year.
Singaporean companies operating in the financial security sector have to unite at the BIS innovation hub to collaborate on the relaunched e-KYC 2.0 project
At the press-conference, dedicated to the launch of the Bank for International Settlements’ (BIS) innovation hub in Singapore, CEO MAS Mr Menon has announced, that MAS will have another attempt to launch an e-KYC project and that “ This time, MAS will look at a “less costly” technology architecture.”
The BASIS ID tale – how digitisation is revitalising client onboarding
BASIS ID, the Estonia-based startup dedicated to ease the hurdles from customer onboarding and KYC will co-host with RegPac an event during the Singapore FinTech Festival. Given the tightened regulatory controls arising from recent scandals with the likes of 1MDB, BASIS ID enjoys a market leader position by offering a KYC service that exactly meets […]