Business
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
Articles
Aug 02, 2021
AML Watchlist Screening [product sheet]
Let automation do the heavy lifting in your AML practices with our configurable identity verification solution. You can tailor the checks to suit your risk profile, with optional document authenticity checks and manual review by our verification specialists for enhanced security. Screen extracted customer data against thousands of AML databases in real-time and receive alerts to changes in the risk status of your cusomters with ongoing monitoring. Core steps for robust AML checks: Identity Verification AML Watchlist Screening Download your product sheet
Articles
Aug 02, 2021
A closer look at the ever-changing anti-money laundering landscape
In the fight against financial crime, the anti-money laundering landscape is ever-changing. The global battle against financial crime is a challenging one fought by governments, regulatory bodies, and industries. Every financial institution and organisation that provide financial services must better equip themselves against the growing threat of money laundering. Financial institutions are the most significantly impacted by money laundering and terrorism financing year on year. The United Nations Office on Drugs and Crime estimates that the amount of money laundered globally is between 2 – 5 per cent each year, which in USD is
Articles
Jul 27, 2021
Digital hiring vs in-person hiring: a post-pandemic conundrum
Lord Holmes, life peer in the House of Lords and dedicated advocate for the power of technology, talks about the change in right to work checks as set out by the Home Office. As a result of the coronavirus pandemic, digital hiring became more widely adopted following the temporary decision to allow digital right-to-work checks. The Home Office has since decided to revert back to in-person hiring, despite an overall sentiment from businesses that Digital ID checks are more secure and efficient. *** Building back better with digital hiring On the Home Office’s step by
Articles
Jul 08, 2021
Identity verification made simple
Make it easy for your customers to prove their identity with just an ID document and a biometric selfie. Users can also capture other documents as proof of address, such as a utility bill or bank statement. The identity verification process is fully configurable and can be seamlessly embedded into a website or app. Alternatively, manage the entire process through our no-code web portal and let your users complete the verification process with a simple web link. Download your product sheet
Case studies
Jul 06, 2021
How AvantiGas reduced their contract signing cycle by 75% with Yoti
“For our requirements, Yoti delivered exactly the same functionality as the market leaders, but for a fraction of the cost. The staff at Yoti have been helpful and accommodating all the way through. They communicate with us on a regular basis to make sure the product is appropriately adopted and as well as informing us about the latest improvements.” Simon Ashton Project Manager at AvantiGas AvantiGas is one of the UK’s leading suppliers of versatile, renewable and safe off-grid LPG (Liquefied petroleum gas) energy solutions. We helped them: Reduce their contract signing process