Articles
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 26, 2021
Romance fraud: how to tell if you're being scammed with Yoti peer-to-peer checks
In 2020, there were over 270 million online dating users and 2.89 billion users of social media. People have been seeking virtual social and romantic relationships more than ever before, with dating sites seeing huge increases in platform usage following the enforcement of national lockdowns. But if you have ever made one of these accounts, you’ll know just how easy it is to make a profile using a false identity. This practice has given rise to a phenomenon called romance fraud, which UK Finance reported to have cost its victims a total of £18.5 million.
Articles
Jul 23, 2021
How big is your digital footprint? Tech expert Gus Fraser tells us how he's fixing the personal data crisis
At Yoti, one of our seven ethical principles is to encourage the personal ownership of data, which is why we are thrilled to have spoken with Gus Fraser, CEO of Revoke, about all things data and privacy. Revoke is the company striving to fix the personal data crisis for individuals. In this Q&A, Gus tells us more about how to manage our ‘digital footprint’, and how tools like Revoke can help individuals avoid data breaches and hacks. *** Tell me about Revoke and what data and privacy means to you. Revoke helps people to regain control of their
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
Articles
Jul 06, 2021
Yoti - who we are and what we do
We built Yoti to help everyday people prove who they are in an easier and safer way. This started with the Yoti app, and as we saw the usefulness of digital identity, we continued to develop innovative technology to help people prove who they are to businesses, governments, and websites. To make sure that we develop our business and our products in the right way, we have a strong ethical framework and a rich social purpose strategy that explores the world of digital identity far away from our London headquarters. We started in 2014 –