eCommerce

eCommerce Trending News Sept 20th 2022

Jewel

April 12, 2023

Min read

Stay informed with our host Jewel John as he reveals essential communication, events, announcements, issues, etc in the eCommerce industry every week. The sole purpose of ENM is to provide retailers and eCommerce merchants like you with trending news in the eCommerce industry. Be it interesting, or even entertaining, always stay informed.

In this week’s eCommerce Trending News we have:

Refundid which provides eCommerce customers instant refunds for their online orders is live with their new client Beserk which is Australia’s largest Alternative Online Store.
Vervaunt announced its biggest event conducted so far: the Pulse eCommerce Summit 2022, a conference for ambitious high-growth retailers and brands happening on 10th November. Oh wait, there’s more! All ticket holders will also get exclusive access to the dedicated After Party, courtesy of Shopify.

MindArc
requires a congratulation for this. They won the 2022 Australian Small Business Champion Awards for the Information Technology category

Yd Australia which delivers affordable, sharp fashion to the style-conscious guy announced their opening of a brand new store at Highpoint. They had an amazing DJ who played great music at the store for the opening.
Loop an exchange-first returns platform for Shopify brands in association with Verbal+Visual, Fair Harbor, and Cotopaxi is conducting a webinar on September 20th on how mission-driven brands can plan their BFCMs without relying so heavily on the usual consumer incentives.

Watch and follow the ENM series with Jewel John as he surfs through the eCommerce waves every week, bringing you the best of news from the world of eCommerce — in just under a minute.

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The Evolution of KYC

KYC is a fundamental regulatory requirement aimed at preventing money laundering, fraud, and identity theft. Historically, KYC involved manual verification processes that required customers to submit physical documents, leading to delays and potential errors. The advent of digital KYC has transformed this space, enabling faster, more accurate, and seamless verification processes.

Image courtesy of Vlada Karpovich via Pexels

Vision and Approach

Neokred is at the forefront of this digital transformation, offering cutting-edge solutions that simplify and streamline KYC procedures. Their approach is rooted in leveraging advanced technologies such as artificial intelligence (AI), machine learning (ML), and blockchain to create a secure, efficient, and user-friendly KYC process.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”

Key Features of Digital KYC Solution

AI-Driven Verification
Neokred uses sophisticated AI algorithms to verify customer identities in real-time. By analyzing patterns and detecting anomalies, AI ensures that only genuine documents are accepted, significantly reducing the risk of fraud.
Seamless User Experience
The platform is designed with the end-user in mind, offering an intuitive interface that guides customers through the verification process effortlessly. Users can upload documents, capture selfies, and complete verification steps from the comfort of their homes.
Blockchain Security
Blockchain technology enhances the security of KYC data by creating an immutable ledger that is resistant to tampering. This ensures that customer data is protected and can be audited with transparency.

Success Stories

Conclusion

Digital KYC solution represents a significant leap forward in the way businesses approach identity verification. By harnessing the power of AI, blockchain, and seamless integration, not only simplifies the KYC process but also enhances security and compliance. For businesses looking to stay ahead in a competitive market, embracing innovation could be the key to unlocking greater efficiency, cost savings, and customer satisfaction.

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Refundid which provides eCommerce customers instant refunds for their online orders is live with their new client Beserk which is Australia’s largest Alternative Online Store.
Vervaunt announced its biggest event conducted so far: the Pulse eCommerce Summit 2022, a conference for ambitious high-growth retailers and brands happening on 10th November. Oh wait, there’s more! All ticket holders will also get exclusive access to the dedicated After Party, courtesy of Shopify.

MindArc
requires a congratulation for this. They won the 2022 Australian Small Business Champion Awards for the Information Technology category

Yd Australia which delivers affordable, sharp fashion to the style-conscious guy announced their opening of a brand new store at Highpoint. They had an amazing DJ who played great music at the store for the opening.
Loop an exchange-first returns platform for Shopify brands in association with Verbal+Visual, Fair Harbor, and Cotopaxi is conducting a webinar on September 20th on how mission-driven brands can plan their BFCMs without relying so heavily on the usual consumer incentives.

Watch and follow the ENM series with Jewel John as he surfs through the eCommerce waves every week, bringing you the best of news from the world of eCommerce — in just under a minute.

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