No-Cost KYC: How to Update Your 2022 Onboarding Roadmap
Although KYC is a critical step in the onboarding process for companies in regulated industries, it presents unique challenges. In our recent webinar entitled “No-Cost KYC: How to Update Your 2022 Onboarding Roadmap,” 35% of poll respondents said that being able to prove the actual identity of the person behind a new application or transaction was a top challenge, while 24% stated that confusing and cumbersome identity verification flows were a concern. To complicate matters further, companies frequently need to use a number of KYC/AML vendors in order to comply with KYC regulations.
Fortunately, new technology is making KYC processes simpler and more powerful. During the webinar, I spoke with Mary Ann Miller, Fraud & Cybercrime Executive Advisor at Prove, and Tim Brown, VP of Product at Prove, to learn about 2022 KYC trends such as:
- How new “one-stop onboarding” solutions are helping companies solve these pain points with KYC included at no additional cost.
- How bundling KYC with phone-centric identity verification techniques drives a safer, faster onboarding process that removes friction while fortifying security.
Interested in learning more about how no-cost KYC can optimize your 2022 onboarding roadmap? Watch the whole webinar on-demand here.
Keep reading
Read the article: FIDO's Agentic Commerce Blueprint Is a Major Step Forward. Here's What Comes Next.The FIDO Alliance’s new standards for agentic commerce mark a major step toward trusted AI-driven transactions, but they leave a critical question unanswered: how to verify the real identities behind AI agents. This article explores the gaps in AP2 and Verifiable Intent (VI) protocols and why foundational identity infrastructure will determine whether agentic commerce can scale securely.
Read the article: Prove and Velocity Partner to Close the Trust Gap in the Global Stablecoin EconomyProve and Velocity have partnered to bring trusted identity verification to the global stablecoin economy, helping enterprises, banks, and payment providers enable secure, compliant cross-border payments and treasury operations.
Read the article: Spinwheel Launches New Credit Data AI Lab; Announces Prove as Founding Partner to Support Agentic AI Innovation for Financial Institutions and FintechsSpinwheel’s Credit Data AI Lab also integrates with Prove’s industry-leading identity platform to anchor on a foundation of trusted identity.
