BASIS ID

Money laundering and theft have become one of the fastest-growing crimes in the area of money. That is why financial sectors have started using different ways to verify the identity of their partners and customers. Out of all the tools and methods used by the financial sector, KYC verification is something that is quite popular. And why shouldn't it be? After all, this software helps the people working in the financial sector to verify their customers and reduce the risk of money laundering just within a few seconds.  If you are also working in this sector and want to improve the customer experience, you must invest in KYC verification software. But not in any random software. If you want better protection, you should only select a company that the right team that can offer you the desired results. You should work with a team of professionals who believe in designing a powerful tool that can keep away online money-related threats. Another factor that you should consi...

Money laundering and fraud have become commonplace these days since most transactions take place through online channels. To prevent the incidences of money laundering and theft, every business must set up an AML compliance program . Such a program will help businesses spot fraudsters and make it difficult for them to get away with illegal gains. But setting up an AML compliance program with all the minimum requirements fulfilled is not enough. To create a robust and advanced compliance program you must use innovative and tech-driven tools. One of the tools that can make your AML compliance program strong is an identity screening solution. An identity screening solution will help you identify accounts that pose a potential risk of fraud and mitigate those risks. Moreover, it will also help your business steer clear from violating compliance regulations. If your business does not employ an identity screening solution, a fraudster can get past the initial checks and would b...

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 ...

In many businesses today, the importance of verifying data is very important. You must be thinking why? The answer is very simple. The people can have fake and stolen Ids and if not verified, the chances of fraud cases can constantly get higher and therefore you need the help of ID verification software .There are IT engineers who have developed amazing software that can make your job easy. But which is the best out of all? You should check out BASIS ID for getting the perfect solutions. The company was formed in 2017 and offers identity verification software services to many enterprises across the globe. They work for various banking organizations and are also eager to provide the best customer onboard services to companies at the best price. The company is certified MasterCard’s partners and has already helped multiple users with their software. Their software is most valuable for personalized data of your customers and so you should have absolutely no doubts about ...

Do you work in the financial sector? If yes, here is a question for you - do you know your customers? If you don’t then you must change the way you work because if, in case, you are working with a money launderer unknowingly, not just will you have to pay a huge fine but your reputation will also get damaged. Do you know that according to a survey it has been found that each year the estimated amount of money that be being laundered is nearly 3 to 6%of the global GDP? That’s why it is very important for financial sectors to use the right kind of identity verification software so that they can keep themselves protected from the increased criminal activity.  Not just money laundering but there are many other types of criminal activities that have become a matter of concern of numerous financial institutes. But don’t worry because you can easily keep yourself away from all these frauds simply by taking the help of popular KYC/AML verification software. When you ...