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What is enhanced due diligence?
It is imperative for companies across a range of industries, particularly in the finance sector, to know who they are doing business with. Know Your Customer (KYC) checks are a critical part of this process, and include a range of customer due diligence (CDD) measures...
PEP screening: a vital component of any financial institution’s AML and CTF obligations
A Politically Exposed Person (PEP) is an individual who holds a prominent public position in a government or international organisation. Immediate family members or close associates of these people are also considered PEPs. A PEP check, or a PEP screening, is a vital...
What is customer due diligence?
One in four Australians have been a victim of identity crime at some stage in their lives, and the Australian Institute of Criminology (AIC) estimates the annual economic impact of identity crime is over A$2 billion. To mitigate these losses as well as the...
Interview with The Australian: Increased digital comfort signals the end of the bank branch
Since the pandemic began, 300 branches have been closed or scheduled to close, with ANZ alone shutting more than 140 branches. This was driven by a rapid shift in consumer behaviour. According to the Commonwealth Bank, its digital wallet transactions doubled last...
Video Interview with TechDay: Creating a customer-centric end-to-end digital identity verification experience
As the pandemic accelerated the shift among Australians to digital and mobile financial services, digital identity verification technology became more commonplace and valuable than ever. Instead of having to navigate the complexities of a lockdown and trying to get...
greenID helped online betting platforms process record transaction volumes on Melbourne Cup Day
Melbourne Cup has traditionally been a day to get dressed up and head to your closest pub, bar, or television screen to watch the race that stops the nation with friends and colleagues. This year, Australians experienced the event in completely new ways due to the...