BASIS ID

In many offices, airports, banks and other places, it has become necessary to check and detect the identity of a person to make sure that no fraudulent or criminal activities take place. Usually, when you do online banking or make online payments using different software and mobile applications, you need to get your KYC verification done. When the KYC verification started a few years back, it took a long time to get it completed, but now there are new and advanced KYC software available on the market that can take quick actions to get secured KYC verification done. BASIS ID is a reputed company that offers exciting and advanced AML and KYC verification software that can help you keep your customers and build solid relationship with them. They have developed ID verification software that can boost the speed of the process so that your customers don’t have to wait for long to get the verification done. BASIS ID offers ID verification software to people around t...

Okay, so let us ask you one thing straight - what is that one thing that has become the greatest threat to financial institutions? It is money laundering. That’s right! Therefore, it becomes very important for you to know your customers if you are working in the financial sector. You will be surprised to know that each year the amount of money laundered is nearly 6% of global GDP? And this is a very huge amount. Therefore, it becomes very important for you to use the right kind of software to keep your institute protected from the money launderers because even if unknowingly you are working with a criminal, you have to pay a huge penalty.  Worried? Don’t be, because you can stay away from serious criminal activities with the help of an AML compliance program . AML stands for anti-money laundering that is especially designed for the financial sectors so that they can easily increase the productivity and decrease the number of fraudulent activities that are pre...

Nowadays, most companies offer their services through an online platform to reach more potential customers. Although this has offered companies a chance to interact with their customers effectively, it has also made them fall prey to customers with fake identities. This is most applicable for financial institutions and banks where verification of the identity of the customer is important. Previously, most of these institutions use to carry out a long paper procedure to verify their customers. This made the whole process complicated and time-consuming. The constant push to go paperless and fast customer verification gave rise to a new breed of software known as online identity verification software. These software products are built to verify the identity of customers in just a few seconds without using paper. Customers can upload their documents on the software portal and get verified.  Now, most such online identity verification software claims to provide ...