This episode has been kindly sponsored by Yoti
March is Fraud Prevention month!
Digital Identification Verification (IDV) technologies play a critical role in preventing and detecting identity fraud. Through document verification and liveness checks, IDV solutions can be used to address a number of regulatory identification and know your customer requirements.
While embraced by many digital banks and cryptocurrency exchanges, as part of a frictionless customer on-boarding experience and to automate key anti-money laundering (AML) requirements; traditional banking, wealth management services and credit unions have been slower to implement IDV solutions, citing cost, accuracy and complexity challenges.
In this episode of RegTech Round-up, Charlene Sebastian, strategic advisor with the Canadian RegTech Association (CRTA) and Head of Client Success at MinervaAI, chats with Gene DiMira, a Canadian Anti-Money Laundering and Digital Identity pioneer, and Leigh Day, Business Development Manager for Yoti, a leading digital identity provider, about IDV: what it is (and what it’s not), and how you can seamlessly meet critical regulatory requirements. We also demystify some of the key challenges and perceived barriers to implementation and discuss how to prepare for a successful IDV launch.
Supplementary Information can be found