Business
Articles
Oct 05, 2021
Big first steps for Post Office EasyID and Yoti creating the UK’s trusted identity network
It’s only been a month or so since the Post Office EasyID joined the Yoti ID app here in the UK and we’re delighted to share the progress we’ve made on our mission to build the UK’s trusted identity network. Over 85,000 people downloaded the Yoti or EasyID app to join our UK network in September alone, a positive indicator that many people want to take control of their data and protect their privacy with a safer way to prove who they are. Together we make it easier and safer for people to prove their identity
Articles
Aug 19, 2021
Age verification: the solution to buying age-restricted products in supermarkets
Supermarkets as we know them today are vastly different from the ones we were used to twenty years ago. Doing the weekly shop is quicker and easier thanks to supermarkets implementing technological solutions like scan-as-you-shop and self-checkout terminals. Shoppers are becoming increasingly independent, but how can supermarkets assure that their customers are old enough to buy age-restricted products with minimal staff intervention and manual ID checks? Across the UK, supermarkets are looking to adopt new ways to check that their customers are old enough to buy age-restricted products. By embedding our leading age verification technology into
Articles
Aug 10, 2021
Be the company people trust: why you need to prioritise data privacy
It’s not just your consumer’s responsibility to protect their personal data, but yours too. Everyone is in on the conversation of data privacy; if you don’t make it a priority, then you risk losing your consumer’s trust. With the rise of online services and the ever-growing move to a digital world, consumer concerns over data privacy and how businesses handle their information have risen. People are no longer comfortable sharing their personal information now that they’re more aware of its value and potential misuse. A McKinsey survey discovered that 87 per cent of consumers say they
Articles
Aug 06, 2021
How AI and machine learning can help build better AML programs
As financial institutions move towards FATF-recommended risk-based AML programs, artificial intelligence (AI) and machine learning can help them be more effective and efficient in the fight against financial crime. The global framework for fighting financial crime white paper by The Institute of International Finance and Deloitte LLP highlights that: There is growing consensus that the current global framework for fighting financial crime is not as effective as it could be and that more needs to be done at the international, regional and national levels to help identify and stem the flow of illicit finance –
Articles
Aug 04, 2021
Identity-driven eSignatures [product sheet]
Know exactly who’s signing your documents with legally-binding electronic signatures linked to a verified digital ID. Simply upload your documents, place the signature boxes and request recipients sign with the Yoti app. They’ll receive an email with the documents and a QR code to scan with their Yoti Digital ID. They consent to sharing their verified identity details in their app and you can achieve eSignatures and KYC in one simple swoop. Download your product sheet
Articles
Aug 04, 2021
Regulatory expectations are evolving: How robust is your AML program?
Managing financial crime is very complex and presents several challenges for financial institutions to develop robust anti-money laundering (AML) programs and meet compliance requirements. AML compliance officers understand the importance of keeping one step ahead of criminals trying to find weak points in their financial systems to exploit. Continuous discussions by industry leaders at the forefront of combating financial crimes agree that more needs to be done sooner to detect and prevent money launderers from misusing systems. Thought leader Kevin Buehler from McKinsey wisely points out that “the stakes in this fight have never been