Every individual possesses distinguishing qualities that are exclusive to them and nobody else. Our biometrics consist of things like our voice, fingerprints, and facial patterns. The method of identifying people using these distinctive traits is known as biometric verification or in some cases where facial biometrics are used, it is called Face Match. In a digital setting, Face Match Online aids in addressing the “who are you?” question.

Crypto Trading volume and user signups in India have increased by up to 45% in recent weeks as a result of the steady bitcoin price and the rupee’s weakening. Bitcoin prices have been stabilising inside an increasingly narrow range this week, even as global equities and bond markets remained volatile, with signs of stress emerging in sovereign debt and currency markets. Bitcoin (BTC) has risen almost 2% in the last 30 days.

The term Anti Money Laundering is abbreviated as AML. It is mostly used in the financial, legal, and compliance sectors to define the standard procedures that firms and organisations must implement in order to detect, identify, and report suspicious money laundering behaviour that may occur while carrying out their activity. AML compliance standards focus on anti-money laundering processes that deter and prohibit potential violators from participating in money laundering fraud or crime.

Customers and regulators are increasingly scrutinizing your Digital Onboarding procedure, and fraudsters are becoming more sophisticated. Verifying your online consumers’ real-life identities is an increasing problem and requirement for organizations across industries.

Europe’s new Digital Identity wallet offers inhabitants and companies a digital ID they can rely on, it acts as a tool which not only verifies and stores ID data but also enhances the application of the data for ease of use. The European Digital Identity will be held in a mobile phone wallet. This would make it easier to communicate important information in a timely and user-friendly manner at the discretion of the individual.

Perhaps you have recently seen some shocking statistics concerning the prevalence of identity theft, or perhaps you have a close friend who has gone through a terrible and stressful fraud situation. Even worse, you could already be familiar with the terrifying consequences of identity theft. Whatever the situation, you probably feel helpless to take any action to safeguard yourself. You’re not alone; this feeling is widespread.

According to a recent analysis, 17 million Ethereum transactions between Q4 2017 and Q1 2022 were associated with both criminal and licit operations. The overall cyber money laundering activities increased by 30% in 2021 compared to 2020, with hackers laundering a total of US$8.6 billion in cryptocurrencies.