Insights
March 12, 2024
The Critical Role of KYC and AML Compliance in CryptocurrencyOver the years there have been numerous cases of cryptocurrency platforms disregarding their compliance obligations, which has often caused significant impact on their users and the business itself.
March 5, 2024
How Banks Can Avoid AML Compliance Fines in 2024Evolving banking regulations and AI-powered fraud have culminated in US banks being fined $7 billion in 2023. Modern, BSA-compliant AML is the answer.
March 5, 2024
BSA Compliance Requirements for AML Solutions (2024)14 AML requirements for BSA compliance in 2024 & how to choose a provider. An overview for US banks, lenders, crypto platforms, and financial institutions.
November 24, 2023
KYC in Superannuation: Balancing Compliance with Customer ExperienceExplore how modern KYC can balance compliance with customer experience, ensuring security and efficient onboarding in Australia's superannuation sector.
November 1, 2023
The Future of Open BankingLearn more about the rise of open banking, the challenges and opportunities and the role of identity verification in this up-and-coming practice.
October 27, 2023
Money20/20 Recap: Unpacking the Insights from our MeetupDiscover key insights on the future of open banking and digital identity from our Money20/20 meetup with fintech experts Nicole Casperson and Alex Johnson.
October 18, 2023
What Lies Ahead for PaymentsDiscover the future of payments as we discuss the emerging trends influencing consumer and business behavior and changing everyday financial interactions.
October 12, 2023
How Digitization is Reshaping the Banking IndustryExplore the rise of digital banking, its challenges including legacy systems and data security, and how modern identity solutions can enhance onboarding and combat fraud.
October 9, 2023
Data Minimization: Safeguarding Your Business and CustomersDiscover how your business can use data minimization to mitigate risks, streamline operations, and enhance the security of sensitive customer information.
August 24, 2023
Navigating Age Verification Challenges in the U.S.: Ensuring Compliance for Age-Restricted Products and ServicesDeveloping a comprehensive age verification system is essential for preventing underage access to restricted content or products.
July 14, 2023
Know Your Business (KYB): Everything Your Business Needs to KnowLearn everything you need to know about the KYB process, from how KYB came to be to how to conduct KYB procedures and streamline the process with the power of automation.
June 26, 2023
Protecting Your Business from Identity TheftIdentity theft has become rampant as the digital landscape evolves and the amount of sensitive data online surges.
June 22, 2023
How KYC Benefits Payment Providers and CustomersAn effective Know Your Customer process facilitates online transactions and delivers a seamless online payment process for providers and customers.
June 22, 2023
Top 5 Challenges for Payment Providers in 2023Payment providers look to respond to significant industry transformations while continuing to provide a number of benefits to both online customers and e-commerce businesses.
June 2, 2023
Why identity will take centre stage at Money20/20 EuropeAhead of fintech's biggest conversation, we look at why identity will have everyone talking.
May 9, 2023
A shift in the digital identity landscapeThe use of digital identity is increasing as global businesses continue to move online, offering new opportunities and presenting new challenges.
May 3, 2023
Four steps to manage your risk in 2023In the digital age, it is vital businesses adapt to the changing landscape by developing a program that is tailored to meet specific needs, risks and characteristics.
April 24, 2023
5 Trends to Watch at Fintech NexusAs Fintech Nexus USA 2023 quickly approaches, Data Zoo predicts the trends you can expect to see dominate conversations on the show floor.
April 6, 2023
5 Ways to Balance Regulations with Customer ExpectationsExplore five best practices for payment providers to effectively meet their regulatory requirements and the expectations of modern consumers.
March 15, 2023
Unlock Business Value with Modern Identity Verification: A Guide for Payment ProvidersDiscover how payment providers can reduce costs, acquire more customers and grow revenue by optimising their onboarding with a modern identity solution.
February 24, 2023
What is CSA STAR and why does it matter?The Cloud Security Alliance (CSA) aims to define and raise awareness of the best practices for secure cloud computing. The CSA operates the Security, Trust, Assurance, and Risk Registry (STAR) – a publicly accessible registry that documents the security and privacy controls of popular cloud computing offerings. The registry allows organisations to show current and potential customers the regulations, standards, and frameworks they adhere to and can be used to alleviate due diligence questions from enterprise customers.
February 22, 2023
What is CCPA and why does it matter?The California Consumer Privacy Act (CCPA) is a landmark data privacy law that introduced new rights for California residents. The law provides residents with several privacy protections, including the right to access and delete personal information collected from them, opt-out of the sale of their personal information and the right to non-discrimination for exercising their CCPA rights.
February 16, 2023
What is ISO27001:2013 and why does it matter?ISO 27001:2013 is an internationally recognised information security standard set by the International Organisation for Standardisation (ISO). The standard outlines specific requirements for organisations to establish, maintain and continually improve their information security management systems (ISMS).
February 13, 2023
What is SOC 2 Type 2 and why does it matter?System and Organisation Control (SOC) is a framework developed by the American Institute of Certified Public Accountants (AICPA) to help auditors assess the effectiveness of an organisation’s security protocols.
February 7, 2023
What is GDPR and why does it matter?General Data Protection Regulation, or GDPR, is Europe’s core digital privacy regulation. GDPR ensures the protection of personal information by mandating that businesses establish robust protocols for the collection, storage, and handling of data.
February 1, 2023
What is Compliance Washing?The recent wave of data breaches has seen some of the world's largest companies make headlines for all the wrong reasons. The personal data of millions of individuals was compromised; ensuring security and compliance is a crucial consideration for consumers when choosing with whom to conduct business.
December 5, 2022
Bolstering data compliance and securityAustralia’s spate of high-profile data breaches highlights the need for businesses and their customers to rethink the way they store and share sensitive personal data, bolstering not only security but also resilience.
November 11, 2022
How digital identity will shape the MetaverseDr Memoona J. Anwar, Chief Compliance and Innovation Officer at Data Zoo, looks into the future of the metaverse and digital identity
October 11, 2022
Data Privacy In The Age Of Data Retention And Data SharingWith data breaches and cyber-attacks becoming more commonplace, it’s essential to ensure your business is implementing the right procedures when managing data.
October 4, 2022
5 trends to look for at Money20/20 USAAhead of fintech's biggest conversation, we predict the trends that will have everyone talking.
September 9, 2022
Why KYC is So Important in CryptocurrencyKYC processes are fast becoming a compulsory gold standard to maintain transparency and compliance in the crypto market. So why is KYC so important, and why is it required?
September 8, 2022
The Who, What, When, Why and How of Reporting Money Laundering ActivitiesTo protect against money laundering, it’s essential to implement anti-money laundering systems and controls so that suspicious activity can be detected and reported early.
July 19, 2022
The Importance of Authoritative Data SourcesAs KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance requirements continue to increase globally, the need for reliable and independent data sources is more important than ever before.
July 14, 2022
How Your Business Can Combat CybercriminalsBusinesses face an increasing level of threat and complexity when it comes to cybercriminal activity.
May 5, 2022
How to make privacy a priority for your businessEnsuring your business has quality privacy practices is about much more than meeting regulatory requirements.
September 30, 2021
How to verify a Kenyan CitizenExplore our Kenyan solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.
September 2, 2021
How to verify a German citizenExplore our German solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.
August 31, 2021
Your Guide to Ongoing Customer Due Diligence (OCDD)OCDD and ongoing monitoring go hand in hand to identify risk patterns across customers and mitigate and manage that risk at a business level. You must be proactive and monitor your customers throughout your entire relationship with them.
August 18, 2021
Your Guide to Money Laundering / Terrorism Financing risk assessmentsIdentify and strengthen controls that not only mitigate and manage your risks but also protect you against non-compliance.
August 3, 2021
Why you need reliable and independent dataUnderstand why you need to apply measures proportionate to the level of risk, such as ensuring the use of reliable and independent identity verification resources to an extent that would ensure risk mitigation.
July 29, 2021
How to verify an Italian citizenExplore our Italian solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.
July 15, 2021
How to verify a Thai citizenExplore our Thai solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.
July 1, 2021
How to verify a Chinese citizenExplore our Chinese solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.
June 24, 2021
KYC, AML and compliance for Cryptocurrency in 2021Global watchdogs are cracking down on digital transactions and introducing regulations to mitigate the underlying illegal activities.
June 17, 2021
How to verify a French citizenExplore our French solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.
June 8, 2021
Minimise risk beyond onboardingFinancial institutions must develop and implement procedures to help identify, prioritise, and control their risks, including monitoring the effectiveness of their risk management.
June 3, 2021
How to verify a CambodianExplore our Cambodian solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.
June 2, 2021
Cross border transfer regulations and mitigationsThe complexities of cross border transfers and payments expose the system to multiple money laundering risks and subsequent strict regulations.
May 27, 2021
How to verify an ArgentinianExplore our Argentinian solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.
May 26, 2021
Importance of proactive KYC and remediationIt is not enough for institutions to only define and implement a CDD program that determines a risk profile during onboarding.
May 18, 2021
Retirement fund (superannuation) regulations and legislationProtect your fund and customers from existing and new emerging threats, including fraud and identity theft.
May 4, 2021
Digital privacy: Making it easier for the childrenDigital Privacy needs to be taken into consideration from a broader perspective in terms of its wider connection to a child’s health and well-being.
April 9, 2021
Tombstone identity fraudAs the regulations for identity theft become tighter, fraudsters find new ways of committing crimes, always looking for an opportunity that opens up to them.
March 25, 2021
Legal industry tech and innovationIdentity fraud is a serious issue that is on a rise around the world and New Zealand has seen growing numbers in the past years. In an attempt to prevent fraud there are formalised requirements for VOI across firms.
February 19, 2021
The need for KYC in a digital worldThe increased growth of digital transformation highlights the need for better digital identity solutions to combat any illegal activities through 2021.
February 11, 2021
KYC obligations: Naming conventionsAs governments, banks and institutions address the increase in cybercrime, it is imperative that businesses understand the nuances of international naming conventions when building their customer due diligence programmes.
February 3, 2021
How to verify an IndianExplore our Indian solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.
November 25, 2020
Failure planning and reliable redundancyWith insight and planning, implementation and execution of a full redundancy strategy are possible and should be considered by any organisation for best practice.
November 20, 2020
How to verify an AustralianExplore our Australian solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.
July 31, 2020
How to correctly implement privacy by designPrivacy by design principles are overlooked by conventional engineering methodologies when developing the products.
July 8, 2020
How does GDPR, EU-US privacy shield impact you?How does GDPR and the EU-US Privacy Shield impact Australian businesses?
July 3, 2020
How do the 5AMLD changes affect you?It is important to note that the 5AMLD has not changed the clauses on penalties for breaches, rather, the scope of the regulation has expanded.
June 17, 2020
What changes to expect with 5AMLDThe EU has legislated the Fifth Anti-Money Laundering Directive (AML5 / 5AMLD). The Official Journal of the European Union announced the new legislation on June 19th, 2018.
June 5, 2020
How to verify an Indonesian citizenExplore our Indonesian solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.
May 5, 2020
The mis-usecase of contact tracing appsThe launch of the Australian contact tracing app, COVIDSafe, is creating concerns about the security of personal information collected.
April 6, 2020
COVID-19 pandemic demands a more robust AML/KYCIn this war against Coronavirus and fraudsters, companies now need to be more vigilant than they used to few months ago.
March 31, 2020
COVID-19 and digital identity verificationThe pandemic has highlighted the importance of creating and implementing an adaptive, privacy-aware and regulatory compliant digital identity framework.
March 2, 2020
FATF updates high risk countriesStay up to date with the recent updates for high risk and other monitored jurisdictions, implemented by the FATF.
February 13, 2020
Mastercard enters chinaMastercard joins American Express and PayPal in China’s $27 trillion payment market.
January 31, 2020
Bad identity practices - MRZ codesLearn about the vulnerability and risks of verifying customers through MRZ codes.
November 4, 2019
The importance of protecting your identityRecognise the reasons why your PII is so valuable and why you need to do your best to safeguard your real identity online.
October 4, 2019
How to verify a New Zealand citizenExplore our New Zealand solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.
September 6, 2019
How to verify a Chinese citizenExplore our Chinese solution, including the key verification sources available, the standard of verification possible and how to protect your organisation.