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: How Digital Marketplaces Are Preparing for the Growing Threats of Bots and Identity FraudAs AI-powered bots and synthetic identity fraud industrialize marketplace abuse at unprecedented scale, digital platforms must shift from point-in-time fraud prevention toward continuous, intelligence-driven trust infrastructure to protect users and preserve platform integrity.
Read the article: The Last Gap in Silent Network Authentication. Closed.Learn how GSMA TS.43 is transforming mobile identity verification and how Prove leverages it to reduce reliance on SMS OTP while delivering stronger, device-bound authentication.
Read the article: Prove Accelerates Global Innovation with Expansion of Ireland R&D HubProve is expanding its Ireland operations to support global product development and growth, reinforcing the country’s role as a central hub for the company’s product development, culture and international growth.
