Nice read [IMG] Chris HenrySales Director at iSignthis Ltd (ASX...

Nice read


Chris HenrySales Director at iSignthis Ltd (ASX : ISX / FRA : TA8)
The Equifax data breach was massive by any measure — 143 million consumers were affected, which is nearly half of the U.S. population. Separately, Symantic report over 500 million digital identities have been exposed or stolen. Doesn't this raise questions as to the validity of data supplied to merchants by KYC vendors? The static, historic nature of KYC data supplied now falls short in ‘verifying’ a customer under the 4th AML Directive (4AMLD), the CySec June 2016 Directive and the draft 2017 JMLSG - see article 'The ‘recency’ effect on online KYC processes.’ New regulation helps to address through its requiring ‘up to date’ and ‘present’ criteria, as is the case with iSignthis live and dynamic KYC. We are the only KYC platform to deliver 100% successful KYC, "2+2 equivalency,” of every domiciled individual globally. 3.5Bn+ financially included/banked (debit/credit card) persons, whilst meeting with the EC’s 4AMLD requirements for Enhanced Due Diligence for remote transactions. Mobile ready, via 1 single API integration. Symantic article - https://lnkd.in/gSmHugh 'The ‘recency’ effect on online KYC processes.’ Planet Compliance article - http://ow.ly/Dz4R30dIb3W