KYC is the new language in town
Since the 2008 crisis, global financial institutions have been fined $26B for violations relating to AML and KYC regulations. With these kinds of numbers on the table, it’s no wonder that compliance is such a hot topic.
That’s why it’s so important to choose the right ID verification provider for your business. A partner who can ensure compliance with a whole range of regulations, from KYC to AML and PSD2.
Whether you do business in Europe or the US, or you want to use EU regulations as a security standard, there are real benefits to doing business with a partner who’s fluent in compliance.
At IDnow, compliance comes as standard. Our identity verification solutions have been designed to meet the strictest compliance standards in the world: German and EU regulations. You could say that KYC is our native language. We grew up with it, and as the regulations have changed, we have grown and adapted to keep our customers safe.