Author name: Agrima Dwivedi

🗒️  Key Highlights Financial institutions need to adjust their RCA monitoring based on risk levels, considering factors like PEP relationships […]

🗒️  Key Highlights OCR systems can now read IDs in over 100 languages, processing documents in under 60 seconds. Manual

🗒️  Key Highlights FinCEN’s new rules have led to the addition of a new “Risk-Based” pillar in Anti-money laundering. An

🗒️  Key Highlights The number of smartphone users has increased from 35% of the US population in 2011 to 91%

🗒️  Key Highlights OCR systems demonstrate exceptional reliability, reaching accuracy rates of 99.99% through the combination of advanced algorithms and

🗒️  Key Highlights Advanced identity verification methods help businesses reduce liability and risk exposure, as they can ensure that only

🗒️  Key Highlights Most businesses miss checking registrations in multiple states, focusing only on their main operating location. A wider

🗒️  Key Highlights Credit card companies rely heavily on MCCs to flag suspicious transactions. If you’re buying something odd, like

🗒️  Key Highlights FinCEN receives approximately 2 million Suspicious Activity Reports (SARs) annually from financial institutions in the U.S. The

🗒️  Key Highlights Over 2 billion NFC-enabled devices exist globally, with 20% of the world’s population currently having access to