Find all the news related to identity verification

Transport Choix Solution Kyc2

Transportation: 5 things to consider before choosing a digital KYC solution

Given the boom in digital technology and online reservations (carpooling, plane tickets, scooter rides, etc.), the “Know Your Customer” (KYC) process allows transportation companies to verify the identity of their customers. The purpose? To secure the relationship and fight against fraud, which is constantly increasing. How should transportation players choose a digital KYC solution?

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What criteria to look for when you look for a PVID provider?

Fraudsters favor identity theft. Its financial damage can quickly escalate: 14% of the attacked companies have suffered a loss of over 100 000 euros.
To counter this threat, the authorities offered to set a framework that would ensure remote identification. The ANSSI (national safety and security agency) defined this framework in 2021: it’s the Remote Identity Verification Providers (PVID) standard.

As part of its requirements for entering into a remote relationship, the ACPR (Autorité de contrôle prudentiel et de résolution) suggested financial and banking institutions should use this standard.

All service providers that wish to comply with the 1st and 5th measures of the Financial Markets Code (FMC) in France for remote onboarding are concerned by this standard: they must meet the same requirements and offer the same process. So how do you choose among all the PVID providers?

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Pvid Certification Customers Enrollment2

What will PVID Certification Change for Customers Enrollment

Identity Fraud hits the banking and financial sector first. To help banking and financial institutions fight back, the french ACPR (Autorité de contrôle prudentiel et de résolution) offered to use PVID certified solutions (Remote Identity Verification Providers). The ANSSI (Agence nationale de la sécurité des systèmes d’information) established in March 2021 this new standard’s requirements. Specifically, let’s see what this certification will change for the customer enrollment.

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Customer experience

Mobility: how to offer the best digital experience during customer onboarding?

At times when mobility has become multimodal, customers are increasingly fickle in their choice of transportation.

Whether they want to rent a car, use an electric scooter or take public transport, they look for quick and easy onboarding.
Hence the need for mobility actors to offer adapted solutions.

How to offer a digital experience that is both efficient and unique?

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Customer experience

KYC and User Experience:
How to turn an obligation into an opportunity?

Creating value out of a regulatory requirement: that’s where the potential of KYC process lies (Know your customer).
Checking client ID online during digital transactions becomes the new normal and is now spreading to many unregulated sectors such as HR or mobility (car, scooter rentals…).
At the same time, digitization of uses and services is reaching such a level that what was once considered a hurdle can now contribute to optimizing customer experience.
Let’s see how.

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State of the art of AML/CFT in Europe, what are the available KYC solutions?

The fight against fraud, money laundering and counter-terrorist financing remains a long-standing European commitment. For the past 30 years, the AML-CFT European Directives followed one another to provide an accurate regulatory framework to fraud-prone companies, all the while reinforcing the identification procedures for online customers. Knowing the European “Digital Identity wallet” is fast approaching, and in the context of constant digitization, let’s take a good look at the current European regulatory landscape and draw up an overview of existing solutions to meet KYC requirements, while waiting for a european hoped-for harmonization.

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kyc firma electronica

The importance of the KYC process in the electronic signature

The use of electronic signatures burst in the past years, emphasized by new technologies and the pandemic. And in a digital world where identity theft considerably impacts remote transactions, the stakes of Know Your Customer (KYC) within the electronic signature are even more important.
Indeed, the KYC process brings a legal value and a regulatory compliance to the deliverability of the electronic signature of a document. Its use has considerably increased in various sectors such as real estate, banking, insurance, or public services.

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capture de document

Secure your customer onboarding process with identity verification

In an ever digitalized world with intensive use of new technologies, security of transactions between companies and clients has become fundamental.

That’s the context in which the KYC (know your customer) process was implemented. Its goal is to check the identity of a client and to ensure that he/she is who he/she claims to be. A KYC process answers regulations in force of which the main objective is to fight identity theft, money laundering and terrorism financing.

It applies to all sectors but is particularly adequate for banking, finance institutions and insurance…

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Vérification d'identité

Should you be wary of remote ID verification solutions?

Even if we’re not aware of it, we go through ID verification almost every day. When we log into a mobile app, open a bank account, subscribe to an insurance policy or rent a car, we have to prove that we are the person who wants to use a given service.

Whereas in the past, face-to-face identification or email and password were sufficient. But with the digitization of services and the increase in cybercrime, there is a growing need for secure solutions, especially for sensitive services.

More and more companies are now using remote ID verification services with a dual goal: fighting fraud and building customer trust. The global identity verification market post COVID-19 is expected to grow from $7.6 billion in 2020 to $15.8 billion by 2025, according to a Markets and Markets research.

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