Blog
Let’s Talk About Know Your Business (KYB). It’s important.
Money laundering is a worldwide scourge that is said to amount to between 2% and 5% of global GDP every year. This is equivalent to between €1.7 and 4 trillion. With such huge amounts of money from criminal activity floating through the financial sector, you must be...
KYC CDD Checklist: All You Need For AML Compliance
When it comes to onboarding new clients, KYC Customer Due Diligence (CDD) is a crucial process. This key mechanism enables you to minimise the risk of your organisation being used to launder money or as part of a terrorist financing scheme. To help you with...
What Are The Strong Customer Authentication (SCA) Requirements?
Strong customer authentication (SCA) plays a key role in the implementation of the second Payment Services Directive (PSD2) in the European Union. PSD2 was introduced in order to harmonise the payments market in Europe and protect customers by making payments more...
The Essential Guide To PSD2 Compliance
European Union nations are working towards fully implementing the second Payment Services Directive (PSD2). It aims to make customer protection and security more robust with regards to online transactions and it requires changes to the way organisations process...
Time To Upgrade Your KYC Screening Process. Here’s How.
The KYC screening process is not just a compliance issue. It also helps prevent your customers from using your organisation to launder money, fund terrorism or perform any other illegal activity. To be most effective, your screening process should start...
4 Steps To Better Anti Money Laundering Customer Due Diligence
In a fast-moving world, getting to know your customer is the best way to keep them. It helps you make better and more effective business decisions based on their changing needs. But also, knowing your customer is an essential part of anti-money laundering due...
The Difference Between SES AES and QES According To eIDAS?
The eIDAS Regulation set standards that allow businesses and individuals to access public services across the EU in a safe, secure and seamless manner. It also ensures that trust services, such as electronic signatures, hold the same legal power in the European Union...
Evidos is named as one of Forrester’s 19 Digital Signature and Trust Services Providers
Digital transformation is currently a hot topic for organisations all around the world. Digital transformation helps organisations to deliver a superior digital experience for their customers and employees. It also increases efficiency whilst simultaneously improving...
AML Know Your Customer Requirements In The EU
The basic principles of anti-money laundering (AML) and know your customer (KYC) requirements are to ensure that banks and financial institutions know who they are doing business with, including those who really wield the power in client organisations, as...
Electronic Seal Vs E-signature – Same Or Different?
The European Union instigated the eIDAS Regulation, which came into action in 2016, as a way of building trust in the online environment. It featured legislation that standardised the correct use of electronic identification including electronic...
4 Steps To Better Anti Money Laundering Customer Due Diligence
In a fast-moving world, getting to know your customer is the best way to keep them. It helps you make better and more effective business decisions based on their changing needs. But also, knowing your customer is an essential part of anti-money laundering due...
Is An E-signature Legally Binding? Definitive Answer + Checklist
‘Is an e-signature legally binding?’ is a question that can cause some confusion, especially when considering the results of recent court cases.In 2019, the Asociación de fabricantes de morcilla de Burgos (the Association of Manufacturers of Black Pudding...
What Is An Electronic Signature + Example (And What It’s Not)
The electronic signature is on the rise as we move more of our lives online. Allied Market Research reports that the global electronic signature market was worth US$517 million in 2015 and will rise to US$3.4 billion by 2022. Another study by Markets And Markets...
The eIDAS Regulation Explained: All Businesses Need To Know
The eIDAS Regulation came into force across the European Union in September 2014, requiring all member states to enact its clauses by 1st July 2016. The regulation forms part of the EU’s digital agenda, which aims to “ensure a fair, open and secure digital...
An Easy Guide To Understand Digital Vs Electronic Signatures
Once you make the decision to accept non-traditional handwritten signatures for your business documents, there is still some research to undertake. For a start, do you understand the finer points of the digital vs electronic signatures debate? This is a...