KYC - IDVerifact

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Navigating the Evolving Landscape of Consumer Consent: How IDVerifact Empowers Compliance in Canada’s Changing Privacy Laws

According to Heritage Minister Pablo Rodriguez, the Canadian government is halting its ad purchases on Facebook and Instagram due to an ongoing disagreement with Meta-owned platforms over the new Online News Act (Bill C-18). The act has led to Meta and Google's decision to cease news access on their platforms in Canada. In this blog post, we'll discuss the changes to consumer consent laws in Canada and how IDVerifact can assist companies in managing customer data.

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Prodigy Ventures Announces Name Change to genifi inc.

Genifi's rebranding is aligned with its commitment to driving innovation in the Fintech sector with its transformative platforms. The name genifi, derived from "next generation" and "Fintech", encapsulates the Company's mission, "Delivering Fintech Innovation."

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Unlocking Simplicity: Introducing IDVerifact’s App for Streamlined Identity Verification

At IDVerifact, we understand that not every business requires our full suite of services right from the start. We appreciate your growth aspirations and believe in nurturing your potential. That's precisely why we've developed this app, tailor-made to address your specific requirements.

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Secure Your Business and Customers with IDVerifact’s Comprehensive Identity Verification Solutions

IDVerifact is a comprehensive and trusted platform that provides KYC, AML, KYB, Fraud Detecting/Preventing and Biometric solutions to enterprises in a variety of industries. The platform provides the tools and solutions that they need to reduce the risks connected with financial crime, fraud, and regulatory compliance. By partnering with IDVerifact, businesses can ensure that their customers' identities are genuine and their data is secure.

Changes aim to improve FINTRAC's effectiveness and strengthen Canada's anti-money laundering and counter-terrorist financing framework.

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FINTRAC changes to strengthenCanada’s anti-money laundering (AML) andcounter-terrorist financing (CTF) framework

A digital identity verification provider specializes in verifying the identity of an individual through various means, such as biometric authentication, document verification, and database checks. They typically offer specialized solutions and may not have everything that you require.

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What is the difference between a Digital identity aggregator and a digital identity provider?

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Canada to Strengthen Consumer Privacy Laws Amid TikTok Concerns

Companies will be required to obtain explicit and meaningful consent from consumers before collecting, using or disclosing their personal information. This means that companies must be clear about what personal information they are collecting, how it will be used, and who it will be shared with.

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This isn’t your father’s KYC

Knowing your customer is important, which is why a KYC check lowers the risk of onboarding clients who are involved in money laundering, fraud, or other illegal activities. Demonstrating KYC compliance can help your company build brand trust with your customers while reducing your overall exposure to fraud.

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We expanded our KYC and KYB solutions this month!

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The IDVerfact Platform just added new solutions to help organizations stay compliant and avoid fraud

The IDVerifact platform is growing! We are excited to share that recently new functionality that has been added to the IDVerifact platform Highlighted in green, the new functionality will help many organizations stay compliant and avoid fraud.