eCommerce

eCommerce Trending News Sept 27th 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:

Reviews.io is conducting an event on September 29th called Off the Clock! – The Unofficial eCommerce Expo Closing Party powered by Reviews.io in association with Juni, Huboo, and Treyd at Bokan 39, Novotel Canary Wharf
Attentive had partnered with LoyaltyLion, Okendo, Simon Data, and Evestar to bring to you a webinar on September 22nd on how you can increase your post-holiday retention, KPIs that matter for customer loyalty, etc using SMS strategies. Link in the comments to watch it on demand.
Lexer which is a Customer Data & Experience Platform announced about adding another iconic apparel brand to their list of awesome retail clients. True Religion who has been part of denim DNA – everyone knows the iconic stitched pocket and buddha logo!
Convert Digital was crowned APAC Partner of the Year for 2022 at the commercetools Partner Summit in Croatia!
Stephen Poole from AG Lego was awarded by the National Retail Association as the Young Retailer of the Year, 2022. Congratulations from your AG LEGO® Certified Stores and Alquemie Group families!

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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Reviews.io is conducting an event on September 29th called Off the Clock! – The Unofficial eCommerce Expo Closing Party powered by Reviews.io in association with Juni, Huboo, and Treyd at Bokan 39, Novotel Canary Wharf
Attentive had partnered with LoyaltyLion, Okendo, Simon Data, and Evestar to bring to you a webinar on September 22nd on how you can increase your post-holiday retention, KPIs that matter for customer loyalty, etc using SMS strategies. Link in the comments to watch it on demand.
Lexer which is a Customer Data & Experience Platform announced about adding another iconic apparel brand to their list of awesome retail clients. True Religion who has been part of denim DNA – everyone knows the iconic stitched pocket and buddha logo!
Convert Digital was crowned APAC Partner of the Year for 2022 at the commercetools Partner Summit in Croatia!
Stephen Poole from AG Lego was awarded by the National Retail Association as the Young Retailer of the Year, 2022. Congratulations from your AG LEGO® Certified Stores and Alquemie Group families!

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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