Singaporean companies operating in the financial security sector have to unite at the BIS innovation hub to collaborate on the relaunched e-KYC 2.0 project

Updated 11.12.2019
Singaporean companies operating in the financial security sector have to unite at the BIS innovation hub to collaborate on the relaunched e-KYC 2.0 project
At the press-conference, dedicated to the launch of the Bank for International Settlements’ (BIS) innovation hub in Singapore, CEO MAS Mr Menon has announced, that MAS will have another attempt to launch an e-KYC project and that “ This time, MAS will look at a “less costly” technology architecture.”

The BASIS ID tale – how digitisation is revitalising client onboarding

Updated 10.11.2019
The BASIS ID tale – how digitisation is revitalising client onboarding
BASIS ID, the Estonia-based startup dedicated to ease the hurdles from customer onboarding and KYC will co-host with RegPac an event during the Singapore FinTech Festival. Given the tightened regulatory controls arising from recent scandals with the likes of 1MDB, BASIS ID enjoys a market leader position by offering a KYC service that exactly meets […]

Join the BASIS ID Partner Program

Updated 19.09.2019
Join the BASIS ID Partner Program
BASIS ID is interested in and is constantly onboarding new partners. We are happy to collaborate with the companies providing complementary services and influencers on the FinTech market in order to broaden our network even further!

BASIS ID improves the experience of the KYC procedure

Updated 25.07.2019
BASIS ID improves the experience of the KYC procedure
At the end of July 2019, the leading KYC service provider in Asia and Europe, BASIS ID, will release a new widget, designed to improve user experience of interacting with the KYC procedure. What does this mean for users and what can it offer to customers?

How to verify companies and how far to go: a practical guide from fraud management company BASIS ID

Updated 13.06.2019
How to verify companies and how far to go: a practical guide from fraud management company BASIS ID
When your company is a financial institution and your customers happen to be legal entities,  it may sound somewhat complex to onboard these companies. Of course, when it’s a promising client who wants to get their hands on business, the length of a bureaucratic Know-Your-Business (KYB) process can be rather frustrating.

BASIS ID received a high rating from the leading SAAS review platform

Updated 20.05.2019
BASIS ID received a high rating from the leading SAAS review platform
FinancesOnline, the super-popular software catalog, containing several thousand products that meet unique requirements, has just given BASIS ID a very high score!

Everything you need to know about PEP

Updated 15.05.2019
Everything you need to know about PEP
Pursuant to Financial Actions Tasks Force (FATF), the risk coming from Politically Exposed Persons is increasingly high. We need to note, although, that whilst FATF guidance requires financial institutions to automatically classify persons prone to political exposure as a “high risk customer”, the same FATF guidance suggest FIs should take a risk based approach to […]

How do we make sure that a person is real and alive?

Updated 15.05.2019
How do we make sure that a person is real and alive?
Today Sergei, who is CTO at BASIS ID, talks about one of the elements of user verification — liveness check. This is a stage of the identity verification process, which allows us to confirm that the user, who wants to use a service, is a real, living person, who is currently at the computer or holding a smartphone.

What are banks anticipating from FinTech

Updated 02.04.2019
What are banks anticipating from FinTech
European Banking Authority has finished this February quite efficiently with issuing the revised Guidelines on outsourcing arrangements that all financial institutions, including banks, must follow. This is again underlining the importance of embracing innovations and FinTech in the financial market, where the technology is used to improve cost efficiency and achieve economies of scale. Here […]

Set of Kings beats pair of Jacks — and Service always beats Sales

Updated 01.04.2019
Set of Kings beats pair of Jacks — and Service always beats Sales
How to give your players a 1st class gaming experience while meeting regulatory KYC/AML requirements? The online gambling industry has been experiencing an astonishing 9.7% yearly growth rate in 2018, and 2019 already puts a bet to win this race. Along with the market’s growing revenues — the number of players moving online is also increasing.