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How to Implement an Effective eKYC Solution

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eKYC Solution

You’ve heard that eKYC is more effective than the old know-your-customer process. What’s the best way to implement an effective eKYC solution? Well, the best way is to use a checklist! These checklists can help you get started with your KYC implementation. Read on to discover how to implement an effective eKYC solution! Below, you’ll find tips to help you choose the right kyc verification software for your organization.

eKYC is a more efficient, effective process than the traditional know-your-customer process

eKYC is the electronic version of the traditional know your customer process. The legacy KYC process involves verifying customer information and often is a cumbersome and tedious process for both sides. With eKYC, customers create a digital identity profile and companies can verify their identity remotely or online. In addition to cutting out a lot of time, eKYC can improve the customer experience and also ensure the security of your data.

eKYC is the perfect solution for banks and financial institutions. eKYC allows banks to conduct customer due diligence and risk assessment electronically. This modern approach has many benefits, but the traditional process isn’t without its flaws. Despite the benefits, there are still many potential pitfalls that can hamper eKYC adoption.

It reduces caseload

An effective eKYC Verification streamlines customer onboarding. Whether a financial institution wants to reduce caseload, improve compliance, or detect fraud, an effective eKYC solution helps them achieve its goals. A comprehensive eKYC solution will allow for automated verification of information from multiple sources, such as documents, liveness detection, and e-signatures. With a full-stack eKYC solution, financial institutions can eliminate manual work, streamline processes, and reduce costs.

An eKYC solution will streamline customer onboarding by using digital ID systems to verify identity and information. It will eliminate paper-based procedures and eliminate record-keeping. By automating the identity verification process, eKYC solutions will cut down on caseload and improve user experience. A mobile-based solution will allow customers to complete their onboarding on the go using their smartphones. This will save time and improve the customer experience while increasing conversion rates.

It improves customer experience

An effective eKYC Verification improves customer experiences by overcoming the shortcomings associated with onboarding a new customer. The key benefit is that customers get access to updated information and data, regardless of channel or device. In the past, banks have had to deal with losses due to fraudulent activities, but with the introduction of systematic digital fraud, banks are faced with tremendous challenges. In addition to a complex regulatory environment, banks are working with remnants of legacy systems, limiting their ability to effectively manage digital fraud.

An effective eKYC solution will reduce onboarding time for new customers by automating KYC processes. This will ultimately improve customer satisfaction while achieving a balance between preventing fraud and facilitating a positive consumer experience. The solution will help companies verify a customer’s identity and complete contractual documentation. Its use cases include Telco, Insurance, and other industries. Regardless of industry, an effective eKYC solution will improve customer experience and reduce KYC costs.

It reduces fraud risk

An effective eKYC solution is an essential component of any bank’s fraud prevention program. Banks sit on a goldmine of customer data and need military-grade security for their systems. The best vendors are PCI-DSS or ISO27001-certified, which validate the vendor’s controls, processes, and encryption of sensitive data. Moreover, they offer reports to validate their due diligence.

An effective eKYC solution will ensure a seamless client onboarding process while complying with KYC standards. Its efficiency will help banks improve conversion rates and provide an unmatched customer experience. Instead of weeks of paperwork and administration, banks can complete their customer onboarding process in a matter of hours. And, they’ll save money and resources on the transaction costs associated with manual checks and manual data entry.

Conclusion

Banks must also ensure that their Document verification scales across geographies. To achieve this, banks should ensure the solution supports local versions of ID documents. Full-suite eKYC solutions often include global coverage of the various types of ID documents and ancillary identity services such as AML screening and fraud deterrence. In addition, these combined services are a great way for a growing enterprise to grow.

Contact IDcentral for a customer centric eKYC solution for AI based onboarding and Identity verification 

Book a demo with IDcentral here

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Things To Do With Ashes After Cremation Work!

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Ashes into Cremation jewelry

You are starting your journey towards accepting the loss of a loved one after the emotional burial and memorial service. Making the tough choice of what to do with the ashes is an inescapable part of this journey. In the past, it was usual for the person closest to the deceased to keep all of their remains; now, there is a trend toward dividing these ashes to offer everyone close to the deceased a means to remember them.

 

Why divide ashes?

 

There are several reasons why you would want to distribute ashes among your loved ones. The main goal is to offer everyone close to the individual a chance to cherish and honor them in their special way. If your family is dispersed, dividing ashes can help with closure and be a cathartic event. If the remains are divided, the family can scatter the deceased in many of their favorite locations.

 

You are all given more flexibility to deal with your loss and honor your loved one in the best way for each person, no matter what you and your family decide. Your loved one’s ashes will be handed to you after a cremation, and you can choose how you want to handle them.

 

If you are looking for inspiration, here is a list of things to do with ashes after cremation.

 

Vinyl record

 

Why not turn your loved one’s ashes into their favorite song if they liked music? With the opportunity to personalize the record sleeve, several businesses will use a little amount of your loved one’s ashes to create playable vinyl records.

 

Cremation jewelry

Cremation jewelry

Cremation jewelry made for the cremains is the ideal way to keep your loved one near you. Each cremation jewelry is customizable and can be made as a ring, earrings, necklace (including fillable lockets), bracelet, cufflinks, or charm bead and incorporates the ashes or hair of your loved one.

 

Make them a diamond

 

What better way to remember your loved ones than by turning them into exquisite gems? After all, every diamond is unique. It’s not challenging to locate a business that provides this exceptional service.

 

Send them into space

 

Take a loved one, a friend, or a family member on an extraordinary journey. Several businesses would take the cremated remains of your loved one on a fantastic final adventure if they were a space enthusiast.

 

Memorial tattoo

 

Some tattoo artists provide a unique service in which a small quantity of the ashes of your loved one is combined with the tattoo ink and then engraved onto your body.

 

Memorial firework display

 

Put your loved one’s ashes in the night sky to illuminate it. You can send your loved one go with a bang by purchasing memorial fireworks that integrate cremated ashes.

 

Scatter them at sea

 

A popular option for people with an affinity to the ocean, perhaps avid sailors, is to scatter the ashes at sea. Some people choose to charter a boat and allow guests to say a few words before pouring the ashes close to the water’s surface. Alternatively, biodegradable urns float for a few minutes before peacefully sinking under the water.

 

Create a living legacy

 

Making your loved one a permanent living legacy in the water is another creative concept for a memorial; artificial memorial reefs support the growth of marine life. You might also bury their ashes next to a tree (biodegradable cremation urns). This is wonderful if your partner or loved one appreciates the outdoors or gardening.

 

What do you put cremated ashes in?

 

There are many options for how to keep your loved one’s ashes safe, as the suggestions above have indicated. Finding something special to you and your loved one’s memories is the goal.

 

Can cremated ashes be spread anywhere?

 

There are several laws and regulations regarding scattering ashes, but the general rule is: that you can scatter ashes anywhere, providing permission from the landowner.

 

Can cremated ashes be divided?

 

Yes, ashes can be divided between some family members, or if you want to do multiple things with them, i.e., make a jewelry keepsake and scatter them in the ocean, then this is possible.

 

Can cremated ashes be buried?

 

Cremated remains can be buried, but you must adhere to these necessary laws –

 

  • Churchyards or cemeteries may occasionally have the room set aside for this, but this depends on your locality, so it’s wise to consult with your neighborhood funeral director.
  • You don’t need permission to do this on your property, but you should consider what will happen if you move, such as whether you’ll take the ashes with you or bury them.
  • Get the landowner’s consent if it is private property.

 

Your local funeral director can assist you with this as they have relationships with cemeteries in your region.

 

Remember

 

Everyone finds grieving challenging, and everyone processes it differently. Spend some time talking to your family about what your loved one would have wanted and how you all think it would be best to handle their remains going forward.

 

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What scissors do barber use to cut hair with

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scissors do barber use to cut hair

There are a lot of different scissors on the market these days. It can be hard to determine which ones are best for cutting hair. In this blog post, we will discuss what barbers use to cut hair with. We will also review 7.0″ inch hair cutting scissors and long blade shears, two popular types of scissors that are used by barbers all over the world!

Barbers typically use scissors that have a longer blade than regular household scissors. This is because they need to be able to cut through thick hair without breaking the blade.

7.0″ inch hair cutting scissors are a popular choice for barbers, as they are long enough to cut through thick hair but not so long that they become unwieldy.

Long blade shears are another popular option for barbers. These scissors have an even longer blade than 7.0″ inch scissors and can make quick work of even the thickest head of hair! They also make it easy for the popular scissor over comb hair cutting technique.

Both 7.0″ inch hair cutting scissors and 6.0″-6.5″ long blade shears are typically made from Japanese steel, which is known for its durability and sharpness. When choosing a pair of scissors, it is important to select a pair that is comfortable for you to hold and that has blades that are sharp enough to cut through hair easily.

Barbers have a lot of experience cutting hair and they know which scissors work best for different types of haircuts. If you are unsure which type of scissors to use, ask your barber for recommendations. They will be able to help you select the best scissors for your needs! Thanks for reading and we hope this blog post was helpful.

You can buy professional barber scissors of all sizes in the USA from JPScissors.com!

What are the most popular barber hair cutting techniques with scissors?

Some of the most popular barber hair cutting techniques that use scissors are point cutting, scissor over comb, and texturizing. Point cutting is a technique that is used to create soft, feathered layers in the hair. To point cut, the barber will hold the scissors vertically and snip into the ends of the hair to create short, choppy layers.

Scissor over comb is a technique that is often used to create shorter hairstyles like pixies and bob haircuts. To scissor over comb, the barber will hold the comb in one hand and use the scissors in the other hand to snip off small sections of hair. This technique can be used to create a lot of different hairstyles, so it is a good technique to know if you are interested in hair cutting!

Texturizing is a technique that is used to thin out the hair and create soft, natural-looking layers. To texturize the hair, the barber will hold the scissors slightly open and snip vertically into the ends of the hair. This will create short, choppy layers that can help to add texture and volume to the hair.

These are just a few of the most popular barbering techniques that use scissors. If you are interested in learning more about haircutting, we recommend taking a Barbering 101 class or reading one of our other blog posts on the subject! Thanks for reading!

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How To Exchange Cryptocurrency To Real Money?

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Cryptocurrency

In simple terms, trading is buying and selling assets to profit from the price difference. A cryptocurrency exchange is a platform where crypto holders can conduct transactions with digital assets and use different trading tools. The most reliable and profitable way to buy cryptocurrency is a centralized cryptocurrency exchange (WhiteBIT, Binance, Coinbase, Kucoin). These cryptocurrency exchanges are the most credible and reliable for trading. 

CEX are the only services that allow one to buy cryptocurrency with fiat currencies and convert them back into dollars, euros, etc. To learn more about how to do it, go to the White blog – this is a resource with helpful guides and educational articles on the crypto topic.

Other Features Of CEX

Here are some essential things to know about centralized cryptocurrency exchanges:

  • They provide a high level of client funds safety. They store users’ investments in cold wallets. It does not allow hackers to reach them.
  • They offer a wide selection of trading tools and passive income options. That means you may buy cryptocurrency, hold it on a cryptocurrency exchange, and receive interest in return. 
  • They offer a complete list of trading pairs and the option to trade with fiat.
  • They allow using bank cards to buy cryptocurrency.
  • They offer customer support that helps users solve issues they face when working with the platform.

So we have mentioned that you can use your bank card to purchase digital assets on a cryptocurrency exchange of the centralized type. To do it, you should create an account and pass the KYC verification. Credible platforms always demand KYC. Without it, you can’t buy crypto with your bank card.

The next step is to link your card to your account and go to the Trade block. Fill the space with data – the asset you sell and the coin you wish to buy. Consider the exchange fee as well as the bank fee separately. If everything is okay, proceed with the transaction and receive coins to your account. The same, but in the reverse direction, you can buy dollars or euros with crypto and withdraw them to your card.

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Psychological Consequences of Multitasking and How to Avoid Them

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Multitasking

Do you jump from one task to another? Do you do several at the same time? 

How often do you multitask? Completing some notes while talking to someone on the phone or checking multiple open windows on the computer – this is known as multitasking. 

Thanks to technology, multitasking has become commonplace. But we forget that we are not computers and that being on top of so many things can make us overwhelmed. Despite all the advantages we think it has, the brain can only process one task simultaneously.

Multitasking, remote work, and family reconciliation

Remote work boomed during and after the pandemic. Today, some companies offer remote work to their employees.

For many, this is an advantage. They have children, and family reconciliation is easier. However, this encourages multitasking. While working, you take care of your children or do the laundry, for example.

Is there anything positive about this? From a particular perspective, it would seem so.

You can do many tasks simultaneously and make better use of your time. However, one would have to determine the actual quality of what is being done.

The results may not be as satisfactory as if you were 100% focused on a single task. Therefore, it can be a double-edged sword.

The consequences of multitasking

A joint study by the University of California and Humboldt University concluded that multitasking increases stress levels. This is due to the constant change of tasks and the inability to finish them. On many occasions, multitasking causes jumping from one project to another without spending any on them.

The University of Sussex also conducted a study on multitasking. The results they obtained were puzzling.

Jumping from one task to another or doing two simultaneous activities (watching TV and providing help with writing to your child) can reduce gray matter in the brain. This region of the organ is the one that concentrates the neuron bodies.

Undoubtedly, the notorious consequence of multitasking is that productivity decreases. If we are working and an email arrives, we stop what we are doing to check it. This causes a lack of concentration on the first task, the results of which could be worse than expected.

Can multitasking be avoided?

It is not easy, but it is possible to avoid multitasking by incorporating new habits and being aware that it is necessary to change. In addition, frustration may arise when we initially perceive the inability to focus on a single task. However, it is a matter of patience and persistence.

Using the Pomodoro technique

An excellent way to get out of multitasking, and avoid all the consequences it has, is to use the Pomodoro technique. The goal is to concentrate on a task for 25 minutes and rest for 5 minutes. Then start again.

When completing 4 Pomodoro cycles, the rest can be increased to 15 minutes. This is a way to avoid multitasking.

For this to work, choose a single task and focus on it during that period. Until the 25 minutes are up, you can’t look at your cell phone or get distracted by an incoming email. It may be challenging to stick to at first, but with practice, everything gets better.

Using the Eisenhower matrix

Another resource to avoid multitasking is the Eisenhower matrix. There are four boxes in which essential tasks are placed, which must be differentiated between urgent and non-urgent. Non-important tasks are divided in the same way.

However, the way to proceed with each task will depend on the box it is in. Here is a sample of the classification:

IMPORTANT AND URGENT: perform the tasks immediately.

IMPORTANT, BUT NOT URGENT: schedule with deadlines that can be met.

NOT IMPORTANT, BUT URGENT: try to delegate tasks.

NOT IMPORTANT AND NOT URGENT: eliminate.

Apply these resources and avoid multitasking.

With these resources, we can better manage the tasks we have to perform without the need to apply to multitask. This way, we will avoid anxiety, stress, and all the consequences we mentioned throughout the article.

Multitasking can cause us to jump from one project to another without finishing any of them. The result? Unfinished and low-quality actions. 

Want more interesting and helpful materials? Then check these online writing tools for students. We hope you’ll like it!

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How To Choose the Right Timeshare Cancellation Company

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Timeshare Cancellation Company

Canceling a timeshare is one of the most common ways to get rid of it. Canceling a timeshare agreement is a legal process that can be done before or after purchasing it. There are different ways to cancel a timeshare, depending on the type of timeshare you have. Timeshares are a vacation property where guests can use the resort’s amenities, such as pools and tennis courts, during their stay. However, canceling a timeshare can be difficult and costly. 

If you are considering canceling your timeshare, you have come to the right place. Keeping a check on financial complications, renting or selling your timeshare, and selling or renting out your timeshare will help you avoid a bad timeshare deal. Here are some tips for choosing among the Top Timeshare cancellation companies to exit the timeshare contracts. 

  1. Financial Consequences  

Canceling a timeshare can have several financial consequences, and the earliest you begin the process, the sooner you can get out of it. You may not be able to use a deed-back program to return your timeshare, or you might be unable to sell your timeshare on the resale market. If this is the case, you may want to consider the more drastic options. 

While some people wish to quit their timeshare contracts, the financial consequences are often quite severe. In addition to losing their money, some timeshare companies may have a termination fee of up to four grand. So, you must be aware of the ramifications. 

  1. Excessive Annual Maintenance Fees 

If you have purchased a timeshare and find that the maintenance fees have risen beyond your budget, you should consider canceling your membership before the “cooling off” period ends. Timeshares are not like real estate, however. Instead of reselling them for a profit, you have to pay hefty annual maintenance fees. Some timeshares also include special assessments, typically not included in the monthly fee. If you have paid thousands of dollars for a timeshare, you may be tempted to walk away. But there’s no easy way out of a timeshare, and the maintenance fees can make it difficult to sell.  

  1. Excessive Upfront Fees 

Most people pay hefty upfront fees when canceling timeshares, as many companies require hefty fees upfront. You lock yourself into a timeshare contract by paying these fees and will likely have to pay for a timeshare cancellation resolution. However, the BBC advises against paying these fees because they are a recipe for disappointment. You must research beforehand if you are serious about canceling your timeshare. Although some companies may be reluctant to charge an upfront fee, others are willing to take the risk and offer their services for free. While this is a risky option, the service is worth it if you can find a reasonable deal. 

  1. Selling Or Renting Out a Timeshare 

Many factors exist when selling or renting out a timeshare, including location and amenities. Sometimes, the timeshare owner can earn more than the initial listing fee by renting out the timeshare during off-peak times. However, depending on your property, the rental process may require considerable time, so it is important to plan. Besides, if you rent your timeshare, find out what times are popular among guests. 

Therefore, canceling a timeshare can be difficult, but it is possible. If you consider a timeshare, be sure to do your research and understand all of the terms of the agreement before signing. And if you decide that a timeshare is not for you, know there are ways to cancel it. So, you must consult with an attorney beforehand to understand your rights and the process involved. 

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