Tag: eid

Swedish FinTech apps saw a combined 21.0m downloads from 2017-Feb 2024. This means on average Swedes have downloaded two FinTech apps each (population 10.5m)....

In an age where customers are using digital financial services in bigger numbers than ever, the need to have a vast range of technologies for this is becoming ever more important.

In a recent post by Signicat, the company outlined how you can use digital signatures to sign PDF documents. 

As the FinTech sector continues to grow, so does the prevalence and cost of fraud. As such, security remains one of the biggest challenges the sector is facing today. eID outlines the role KYC in onboarding new customers has to play.

The early days of cryptocurrency were based around the idea of anonymity. However, to bring the asset type into the financial ecosystem, this has changed. Know your customer services aim to ensure cryptos cannot be used for illicit activity.

KYC is an imperative process of any company’s compliance journey, especially in financial services – which makes it even more important startups invest in it.  

The growing challenge of criminal money making its way into the banking system is a continuing problem for banks. However, a mixture of new compliance regulations for banks may be helping to turn the tide.