What are the benefits of digital id and identity verification systems?

Online ID and identity verification systems have many advantages, such as reducing the weaknesses in human control measures, user friendly experience, decrease of costs, transaction monitoring, and much more.

According to Capgemini and BNP Paribas - World payments report (2018) Digital payments are growing at an estimated 12.7% annually, and further forecasts suggest that it may reach 726 billion transactions annually by 2020. An estimated 60% of world GDP will be digitalised by 2022. For Complygate who is leading the online digital id and identity verification process, the growth in digital economy requires a better understanding of how individuals and firms are being identified and verified in the world of digital financial marketplace. An understanding of how Complygate digital identity and id verification system works is essential for financial firms to apply the risk-based approach recommended by The Financial Action Task Force (FATF).

Read more about it on our last blog post.

Comments

Using AI-based Tools for ID Verification

Using AI-based Tools for ID Verification Identity theft cases (worldwide and in the UK) have augmented in the last few years, especially in the eCommerce sector, where payment methods are involved. This is why ID verification is such a crucial part of companies nowadays. Using AI-powered solutions in the process - in conjunction with human intelligence - increases the businesses’ chances to process information intelligently and prevent being scammed. Learn more here: https://www.complygate.co.uk/blog/using-ai-based-tools-for-ID-verification

Managing Pre-employment Checks

Managing Pre-employment Checks Do you know about the different pre-employment checks that you can make in order to get to know who is your potential employee? Before hiring and putting him / her on the job, the employer wishes to carry out a certain number of checks on the new employee. These checks depend on the type of organization where the applicant is applying to work on a specific role. A careful and thorough knowledge of various pre-employment checks are required before shortlisting the right candidate. Keep reading here.

EMPLOYEE EXPERIENCE INITIATIVES: WHY DO THEY FAIL?

EMPLOYEE EXPERIENCE INITIATIVES: WHY DO THEY FAIL? Covid-19 pandemic has abruptly halted a period of considerable worldwide growth, development and low unemployment rates all across the globe. Organizations worldwide have had to abruptly change their policies and work methods in order to stay afloat and keep running, even after being forced to shed countless jobs and laying off scores of people. Organizational management must therefore look forward in a smart, innovative way and pay close attention to the parameters and varying patterns that would determine their stability and future growth. This recession will end too, as all do, and organizations shall return to a state where high productivity, talents and growth shall be the key goals for every manager. These goals can be challenging enough even while the economic growth is skyrocketing. Advisory firm Gartner conducted a global study in 2019 wherein companies spent an average of $2,420 per person on efforts to improve the empl...

Complygate Blog

Search This Blog