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BASIS ID: Look Out for Next-Gen KYC Verification Solutions

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The world is coming closer day by day, and you must thank the innovative scientists and engineers who are inventing technology that is making all this possible. With innovation, there is always a risk associated. Today, the banking sector is offering so many benefits to its customers and employees, but what they always fear is coming across people who can conduct misleading activities and tarnish the image of the organization. Therefore, you must have observed that id verification software tools are hugely in demand and whether it is an office or a banking sector firm it has become necessary to invest in such software in order to keep a track record of people you offer services to and to know about their identity.  BASIS ID is a promising and growing company that has created software and tools that make your job of verifying people easy. They have come up with the fastest KYC verification tool that gets the task completed with great accuracy and within very less time. They have been s
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BASIS ID: Providing Robust ID Verification Process for Efficient AML Compliance

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Most financial institutions and banks want to implement an efficient AML compliance program to increase the security of online transactions. Not just the financial sector, but several companies from non-financial sectors also find the need to employ a strong  AML compliance program . For example, certain gaming companies will be next in line to implement this program to reduce the risk of fraud.  One of the most important elements of a robust AML compliance program is its ability to verify the identities of the customers of the organization. And that’s where the AML id verification software comes into play. Now, when you look at the market, you will find numerous such software solutions with advanced features claiming to provide an efficient id verification process. But not all of them stand true to their claims.  It has been observed that most of these software products deteriorate the quality of user experience. With a lengthy and complicated id verification process, most customers d
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Know Everything about KYC/AML Process at One Place

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Do you know what the top priority of every industry or organization is inthe financial sector? Yes, of course, the protection of financial assets. But there is something else that also requires the same attention and security. Do you know what we are talking about? Well, you can take a wild guess? Well, it is enhancing the user experience and at the same time making sure that they don’t fall prey to frauds while making online transactions.   That’s why banks and other organizations in the financial sector have started using innovative solutions like  online identity verification  software. This verification software is specially designed to enhance the security so that the cases of money laundering can be reduced. If you also wish to do the same, you should definitely invest in a good and powerful verification software solution.  Since you have an idea of what KYC software is, let’s check out its process. So keep reading because here you will know about the KYC/AML process.  ●  Custome
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BASIS ID: Get the Fastest AI Technology for KYC Verification

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The banking and the financial sector need quick processing tools as in such sectors one has to deal with multiple customers in a day. Maintaining and tracking information of each customer in the systems is important to make sure that in the future there are no troubles in accessing their banking details. Most of you are aware that when you have to make a new account of a customer in your bank or financial institute, you need the customer KYC application form to complete the formalities and verify their information. This verification process is lengthy and can take up more time and keep your customers waiting. Therefore, you need a next-gen solution powered by artificial intelligence. BASIS ID offers you excellent id verification software that is completely based on AI. The processing time of the software is in seconds. You can see it yourself by requesting a free demo from the professional team at BASIS ID.  When most people look for artificial intelligence software for KYC verificati
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Important Things to View When Choosing a KYC Service Provider

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How are you verifying the identity of your customers since everything has become online and you cannot see them face-to-face? Or what’s your master plan on protecting your financial institute from thefts and money launderers? Have you got any idea? If not, don’t worry because we have found a robust and powerful tool that will help you. If you don’t want to spoil your user’s experience, you should start using an  identity verification service . This software is specially designed for financial sectors so the identity of customers can be verified easily and quickly. That’s why identity verification software is used by many banking and financial institutions. Since identity verification is so important, both legally and for the general security of your business, you cannot just choose any KYC vendor. If you want to get the most amazing experience that is worth your time and money, follow these steps and find the most trusted service provider in no time.  ●  Service coverage:  If your fina
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Searching for a Robust KYC/AML solution? Contact BASIS ID now

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The advent of the Internet and its advancement over time has drastically changed the way we interact with the world. Starting from procuring daily utility items to making online transactions, every activity involves the use of the Internet. Banks and fintech firms are the biggest users of Internet services for making monetary transactions easy through online operations.  But the major struggle facing such companies is complying with the legal requirements to ensure a secure transaction process. This usually involves a customer id verification step for efficient onboarding. Though customer id verification is an important step, it might affect the user experience. Most  AML id verification  software solutions complicate the process which makes the customers abandon the process in the middle. The customer id verification process provided by current tools is lengthy and time-consuming, thus, deteriorating the quality of user experience. Hence, most businesses lose potential customers. This
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BASIS ID: Providing Budget-Friendly Online Identity Verification Software Solution

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Businesses these days need to screen their customers to prevent incidences of money laundering and fraud. Therefore, setting up an efficient AML compliance program is a must. Such a compliance program can be made stronger and robust with the help of an online identity verification software that has advanced screening features. An identity verification software will help businesses prevent suspicious identities and accounts from bypassing their safety regulations. An identity verification software must be able to screen identities against data from government databases and law enforcement agencies. So, if you are setting up an AML compliance program for your business, then you must get an identity verification software. BASIS ID is a leading company that has developed an advanced and tech-driven identity verification software.  BASIS ID is amongst the leading companies that have developed the best in class identity verification software that will help businesses keep mone
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