Hydrogen, a global fintech enablement platform, partners with IDology, a GBG company and the global leader in identity verification and KYC solutions, to offer a one-stop-shop solution to companies that need to run KYC checks on their end users. New York, NY June 1, 2020 - The Hydrogen Technology Corp…
How do banks use blockchain? Here's 6 different use cases for how banks can take advantage of blockchain technology to streamline their operations.
As we have examined, Know Your Customer (KYC), is very important in fintech. Our latest integration is with Onfido, which offers KYC for both individual and business identities and document verification. Their AI technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their…
Tech is changing the way the world works, including the financial world. In recent years, how people and businesses manage and receive money has changed considerably. Fintech, or financial technology, is in large part behind the massive shift in the industry. Apps, websites, and even new forms of currency have…
Every bank and financial institution is required to have a Know Your Customer (KYC) process in place to protect itself from becoming unknowingly involved in an illegitimate customer's financial crime. A KYC process includes having a Customer Identification Program (CIP) in place and practicing Customer Due Diligence (CDD). What Is…
Professionals within the financial services industry have been speculating about blockchain's potential for years now, waiting to see how the up-and-coming technology might one day impact business. Blockchain is already a buzzword. However, according to a recent IBM survey, 91% of banks are investing in blockchain solutions, and 66% of institutions…
Terms like "financial ledger" don't exactly rouse a room, do they? However, gather a handful of banking professionals and present them with an unalterable, ledger-like database that instantly logs value-based transactions and reviews and registers changes in real time — without expensive third-party verification — and you're bound to hear…
Financial establishments need to take extra precautions when it comes to keeping their information and assets safe from fraud. This is why banks practice KYC Due Diligence when they make transactions or work with new consumers. What Is KYC? Short for “Know Your Customer” Due Diligence, this method is just…