ZignSec

🇩🇰 Denmark is rolling out a new plan to protect youth from ni****ne, to***co, and alcohol. This means stricter sales rules and mandatory digital age verification using hashtag .

Is your business ready for these changes?

Learn how to integrate MitID for seamless age verification and stay compliant. Check out our latest blog post for all the details.

📖 https://bit.ly/3RylDYL

🎤 Impala Nordic recently collaborated with Glenn Mac Donald for a video interview.

In the interview, Glenn shares insights into his background and discusses how ZignSec is assisting financial institutions with our (Know Your Customer) and (Know Your Business) solutions. Additionally, he explains our payment model and outlines our plans for geographical expansion.

Don't miss out on more updates! Join us for a video presentation on our latest Q1 2024 interim report this afternoon at 4 PM CET. Use the link in the comments below to join and ask questions to Glenn.

Glenn Mac Donald, CEO of ZignSec, interviewed by Impala Nordic In this interview, Glenn Mac Donald discusses his background and the innovative KYC and KYB solutions offered by ZignSec in the RegTech sector. He explains h...

The urgency for robust KYC and AML solutions has never been greater.

Amidst its impressive economic improvements, Mexico continues to grapple with the specter of money laundering, a challenge exacerbated by organised crime's influence. A revealing insight from the Financial Intelligence Unit of Mexico highlighted this challenge, with the disclosure that it received around 35.7 million alerts in 2022 alone, under the nation's stringent AML directives that span an extensive range of industries.

Read more in our latest blog:
https://bit.ly/3Udlyvv

Impala Nordic interviewed Glenn Mac Donald, CEO of ZignSec, on the FinVoices podcast! 📢

Our CEO, Glenn Mac Donald, recently joined Aya Salar on the FinVoices podcast, discussing ZignSec Group's mission to simplify KYC and KYB.

In this episode, Glenn shares insights into ZignSec's adaptation to new regulations and technologies within RegTech and strategies for global expansion and growth.

Listen to the full episode through the link below! 👇
https://open.spotify.com/episode/3AyPZAsGSeFIouq5Jm0gKK?si=030f66f2993c41c0

It's happening—MPE is here and we couldn't be more excited. The event we've been waiting for is packed with endless opportunities, challenges, and opportunists.

Who will be participating? Our Chief Commercial Officer, Marc Bongers, and CEO, Glenn Mac Donald, will be there.

Ready to dive deep into insights from our experts? Curious about how we can fast-track your merchant onboarding and KYC processes? Let's connect!

Reach out on LinkedIn or simply tap us on the shoulder at the conference.
Let’s make some waves together!

"The new digital platform, which includes various new features, has streamlined the processes considerably. Noteworthy among these improvements is the provision of a qualified digital signature tailored for everyone, including non-Maltese residents, corporate accounts, and the online filing of all forms and companies,” Spiteri Lucas says.

👇

‘Easier and more efficient processes have already been reported both by companies and employees’ Geraldine Spiteri Lucas discusses streamlining business operations and Malta's competitiveness in the global business landscape

Impala Nordic has dedicated time to an interview with Glenn MacDonald, focusing on frequently asked questions and objectives for 2024.

Preview of the topics Glenn will discuss:
- Could you share your personal story and the path that brought you to become the CEO of ZignSec?
- What is ZignSec, and could you provide a short overview of your operations and how your business functions?
- What are ZignSec's primary goals for 2024, and what is your vision for the company's future over the next three years?

Check it out here 👇

https://www.impalanordic.se/17/50/zignsec/

In a significant stride towards fortifying the European Union's defences against money laundering and terrorist financing, the Council and Parliament have successfully negotiated a provisional agreement on key elements of the anti-money laundering package. This agreement marks a pivotal moment in the EU's commitment to enhancing the coordination and effectiveness of national efforts in combating illicit financial activities, a view shared by ZignSec.

Key Developments Include:

Scope and Integration:
The agreement emphasises its role as an integral component of the EU's new anti-money laundering system, aiming to streamline and improve the coordination of national systems.

Regulatory Framework
Notable changes involve the transfer of private sector rules to a new regulation, with the directive focusing on organising / systems at the national level within member states.

Sector-Specific Obligations
The crypto sector witnesses expanded obligations, including on transactions over €1000 and measures addressing risks associated with self-hosted wallets.

Extended Obligations
Obliged entities now encompass a broader spectrum, including traders in luxury goods such as precious metals and stones, and even professional football clubs and agents, recognising the high-risk nature of the football sector.

This provisional agreement underscores the EU's commitment to creating a robust and harmonised framework to combat money laundering and terrorist financing.

As the texts move towards finalisation and approval by member states and the European Parliament, the envisioned changes are poised to set new standards for vigilance and cooperation in the evolving landscape of financial security. The EU's dedication to these measures signals a concerted effort to adapt and strengthen its defences against emerging financial threats.

Read more: https://eu1.hubs.ly/H07mDY00

🚀 Exciting Podcast! 🎙️

Check out Glenn Mac Donald, featured in the latest insightful episode of "Check with FinTech," presented by PCN Media. Moderated by the knowledgeable Rogier Rouppe van der Voort, this episode is a must-listen for anyone interested in the cutting-edge of financial technology.

In this engaging discussion, Glenn offers a deep dive into the essentials of hashtag (Know Your Customer) and hashtag (Know Your Business). He shines a light on ZignSec's trailblazing advancements in regulatory compliance and the transformative role of AI in combating financial crime.

Discover how ZignSec is adeptly handling KYC and KYB orchestration, emphasizing the crucial link between hashtag processes and KYC. The conversation further explores the critical role of compliance in business and how the synergy of hashtag and hashtag is evolving the orchestration process.

🎧 Ready to dive in? Here's where you can listen:
• Spotify: https://bit.ly/48Jo7dD
• Apple Podcasts: https://bit.ly/3tW7I6t

Don't miss out on these invaluable insights.
Tune in now!

‎In Check with Fintech: Exploring KYC and KYB orchestration with Glenn Mac Donald, CEO at ZignSec on Apple Podcasts ‎Show In Check with Fintech, Ep Exploring KYC and KYB orchestration with Glenn Mac Donald, CEO at ZignSec - Jan 24, 2024

In a significant stride towards fortifying the European Union's defences against money laundering and terrorist financing, the Council and Parliament have successfully negotiated a provisional agreement on key elements of the anti-money laundering package. This agreement marks a pivotal moment in the EU's commitment to enhancing the coordination and effectiveness of national efforts in combating illicit financial activities, a view shared by ZignSec.

Key Developments Include:

- Scope and Integration: the agreement emphasises its role as an integral component of the EU's new anti-money laundering system, aiming to streamline and improve the coordination of national systems.
- Regulatory Framework: notable changes involve the transfer of private sector rules to a new regulation, with the directive focusing on organising AML/CFT systems at the national level within member states.
- Sector-Specific Obligations: the crypto sector witnesses expanded obligations, including due diligence on transactions over €1000 and measures addressing risks associated with self-hosted wallets.
- Extended Obligations: obliged entities now encompass a broader spectrum, including traders in luxury goods such as precious metals and stones, and even professional football clubs and agents, recognising the high-risk nature of the football sector.

This provisional agreement underscores the EU's commitment to creating a robust and harmonised framework to combat money laundering and terrorist financing.

As the texts move towards finalisation and approval by member states and the European Parliament, the envisioned changes are poised to set new standards for vigilance and cooperation in the evolving landscape of financial security. The EU's dedication to these measures signals a concerted effort to adapt and strengthen its defences against emerging financial threats.

Read more: https://eu1.hubs.ly/H0790H60

A spotlight on TrustPath

Companies often struggle with KYC intricacies, trying to align their verification processes with local laws while ensuring a smooth user experience. The use of various third-party tools, from biometrics to PEP and sanctions checks, adds to the complexity of the onboarding process. The challenge is to integrate these disparate elements into a cohesive customer journey that minimises churn.

Integration issues further complicate the matter. KYC processes require intricate setups and complex integration, creating barriers to seamless onboarding. Simplifying these processes becomes crucial when working on a global scale.

Enter TrustPath. With its intuitive workflow builder, TrustPath creates compliant and user-friendly KYC processes. By unifying diverse KYC elements, TrustPath transforms onboarding into a streamlined journey. Its easy integration, achieved by embedding its form directly into the business platform through a straightforward redirect link, eliminates complexities and enhances regulatory compliance. https://eu1.hubs.ly/H0743LF0

Managing KYC compliance for financial institutions is a significant challenge due to tightening regulatory requirements and the constant threat of fraud. Tailored KYC solutions simplifies and makes your implementation processes easier and faster - but also scalable for regulatory changes to meet the AML standards.

Efficient due diligence for financial institutions means:

- Business register checks
- Corporate document authentication
- Sanctions screening
- Corporate officer identification

ZignSec’s universal KYC workflow simplifies global client onboarding, orchestrating compliance automatically with cross-border coverage.

If you're in charge of KYC for a financial institution, let's discuss how ZignSec can help streamline and enhance your processes. Find out more: https://eu1.hubs.ly/H06ZD1_0.

As 2023 draws to a close, we're excitedly looking ahead to 2024!

Before you dive into the holiday season, we've got something special for you. Check out our latest group blog, packed with industry insights, updates from SiGMA Malta, and a sneak peek at our upcoming AI-powered innovation: Address Verification, developed entirely in-house - collecting and verifying Proof of Address documents!

ZignSec Unveils TrustPath at SiGMA Malta 2023 - ZignSec Blog At SiGMA Malta 2023, ZignSec Group debuted TrustPath, a cutting-edge KYC solution for online gambling platforms

ZignSec & HonestBox: A Partnership Driving Retail Tech Forward 🚀

We're happy to share our successful collaboration with HonestBox, a pioneer in unmanned retail. Our comprehensive identification solutions have played a crucial role in HonestBox's expansion across Sweden, Denmark, and the USA, enhancing customer engagement and security.

CEO Magnus Berglund of HonestBox credits this partnership for its significant growth and readiness for global expansion.

We at ZignSec are excited to continue supporting their journey into new markets.

Case Study: HonestBox and ZignSec - Enhancing Security and Growth HonestBox, a leader in unmanned retail technology, partnered with ZignSec to expand customer identification options beyond Swedish BankID. This strategic move significantly enhanced customer involvement and security, contributing to HonestBox's growth.

Exciting times at SiGMA – Day 2! 🌟 Andreas Westman, Glenn Mac Donald, Sergei Sergejev, and Gerald Vassallo are energized and ready to meet you. Our room has been buzzing with engaging discussions and promising business prospects. Don't miss the chance to drop by room 3170 for a friendly chat! 🤝

We're keen to learn about your business and explore how our streamlined process can benefit you. Simplifying compliance has never been easier – let's make it happen, together! 💼🚀

Recognised among Deloitte's Swedish tech companies for exceptional sales growth over four years, ZignSec celebrates a remarkable 1268% increase in net sales. Our steadfast commitment to customers and expertise secures this prestigious spot. Special thanks to Wyzer and Web Shield for contributing to ZignSec Group's ongoing success.

How many times haven't you heard the word “PEP”, but what does it actually mean? Let's get into it!

As we navigate the intricate waters of Anti-Money Laundering (AML), there's one term that frequently comes up: **PEP**. Let's take a moment to unpack this term and understand its significance.

🔍 PEP: Politically Exposed Person

A PEP is an individual who holds or has held a prominent public position, either domestically or internationally. This could be a head of state, senior politician, high-ranking military officer, senior executive of a state-owned corporation, or a top judicial or party official, to name a few.

Why is this important in the AML context?

⚡️Higher Risk* Due to their position and influence, PEPs inherently pose a higher risk for potential involvement in bribery, corruption, or money laundering. This is not to say that all PEPs are involved in illicit activities, but their status makes the transactions associated with them more susceptible to scrutiny.

⚡️Enhanced Due Diligence (EDD) Financial institutions are required to apply EDD measures when dealing with PEPs. This involves deeper scrutiny of transactions, understanding the source of funds, and continuous monitoring.

⚡️ Global Commitment: Recognising and monitoring PEPs demonstrates a commitment to global AML standards and protects the integrity of the financial system.

In closing, understanding who PEPs are and the unique risks they pose is a critical component of a robust AML program. It's about being proactive, vigilant, and dedicated to ensuring financial systems remain trustworthy and transparent.

Find out more here: https://eu1.hubs.ly/H05hLvf0

🆔 KYC in the Digital Age: A Closer Look

As technology reshapes our world, a vital question emerges: How well do we truly know our customers? In the fight against financial crimes, (KYC) is more than a process— it represents , security, and integrity.

🛡 KYC's Vital Role: Not just limited to , KYC plays a pivotal role in diverse sectors, from to . Its mission? Combat threats like and by rigorously verifying and consistently monitoring transactions.

⚡️Key KYC Components:

1. Customer Identification (CIP): A foundational step, ensuring that each customer is genuinely who they say they are.

2. Due Diligence (CDD): Through meticulous data collection, we assess the potential risks, especially when it concerns entities like criminals or .

3. Enhanced Due Diligence (EDD): For those deemed high-risk, a deeper dive is taken to ensure security.

4. Continuous Monitoring: Beyond the initial steps, we maintain vigilance, regularly updating and addressing emerging threats.

5. Data Precision: From capturing initial data with to verifying against lists like , accuracy is paramount.

🚀 Optimizing the KYC Process:

1. Data Gathering & Validation: A crucial initial step to ensure authenticity.

2. Criminal Affiliations Check: Cross-referencing customers against various lists to ensure clean records.

3. Understanding Client Behavior: Analyzing customer activities to validate their authenticity.

4. Risk Assessment: Using the CDD and EDD metrics, we gauge the inherent risk of each client.

5. Tailored Risk Protocols: Based on determined risk levels, specific control measures are implemented.

The intricate landscape of today's financial sector demands more than just surface-level understanding. With tools like KYC, we're paving the way for a safer and more transparent future.

📢 ZignSec Group -2023 Highlights 🌍

1️⃣ New alliances:

Web Shield collaborates with leading Dutch & global payment firms while upholding connections with esteemed Middle Eastern and Ukrainian banks.

2️⃣ Enhanced offerings:

introduces a superior ID scan partner, enhancing user experience and boosting transactions. Further, they've supported a client's expansion in South America.

3️⃣ Team updates:

- Andreas Stedry: Managing Director at Web Shield.
- Franz Reinhöfer: Head of Underwriting.
- Markus Prause & Davide Covato: R&D front-runners.
- Anna Kurkiewicz: Operations Manager in Warsaw.
- Jakub Wolak: Development Director (KYB) at ZignSec.

4️⃣ Global push:

- Web Shield dives into Africa, marking a presence in nations like South Africa & Nigeria.
- ZignSec’s strides in India, backed by IFSCA & GIFT City, and continued momentum in South America.

5️⃣ Upcoming Events;

- Web Shield at RiskX by Mastercard.
- ZignSec spotlight at SiGMA Malta.

6️⃣ Synchronized outlook:
CEO Glenn Mac Donald envisions ample prospects in Africa & India, applauding the dedicated team's efforts.

Join our exciting trajectory! 🚀
Keep on reading 👇

ZignSec Group undergoes organisational changes while venturing into fresh markets  - ZignSec Blog The achievements of Wyzer, Web Shield, and ZignSec in mid-2023, showcasing international partnerships, personnel changes, global expansion into new markets, and participation in conferences, all driven by a unified vision for future growth.

ZignSec is a certified MitID broker offering access to a wide range of KYC compliance solutions for customer onboarding, due diligence, and monitoring, among other things, all accessible through a single interface.

What it means to be a certified MitID broker - ZignSec Blog The ZignSec Group invested early in becoming a MitID broker. ZignSec, as its certified entity backed by the group's strategic added values, constitutes an attractive MitID offering.

Sweden Technology Fast 50 ranks Sweden's 50 fastest-growing technology companies based on growth in net sales over the past four years. There are no secrets to our success. It is the result of preparation, hard work and constant learning.

Our dedication to our clients, solid experience and expertise, and hard work focusing on security, agility, and end-customer convenience within regulatory compliance underpins our success as a Regtech company.

As a company on the Swedish Fast 50 list, we are automatically nominated for the Deloitte Technology Fast 500 EMEA - a ranking of the fastest-growing technology companies in Europe, the Middle East and Africa (EMEA) over the past four years.

Read more: https://bit.ly/3WjFBaw

We welcome the newest addition to the ZignSec team – our Chief Sales Officer, Glenn Mac Donald.

At ZignSec, Glenn will be responsible for scaling the company's global commercial organisation with key customers and partners worldwide. He has more than 25 years of experience driving new strategies and building high-performing teams in the financial service industry's commercial, operational and IT-related domains.

Glenn is a dedicated family man outside the office who enjoys cooking Asian-inspired food for friends and loved ones and watching and coaching his kids at the weekend doing their sports. He's also a devoted fan of the legendary football club AJAX Amsterdam.

Just in time for summer, we are taking our next step with a new and improved website and the launch of the Portal, our compliance orchestration platform.

Explore our portfolio of products in a new way and learn more about how to enter the Portal: https://zignsec.com

Let the face of your customers be the factor for sign-on to your platform. As you manage your customer with our worldwide digital verification service, you get a reference photo of the customer.

Re-access to your platform only requires the user to take a simple video selfie of less than a second from any device. In less than five seconds, thanks to a facial comparison, our algorithms verify that the video selfie matches the user’s reference photo (i.e. his or her verified identity photo).

At the same time, our passive detection algorithms make sure that the person claiming their identity is physically present in front of the screen.

For your customers, it’s a secure remote authentication experience with their face granting ease of access to your services.

For your organisation, it's the optimal user experience with enhanced security by facial comparison and passive liveness detection, efficient against identity .

Dear ZignSec-shareholders and -stakeholders!

Tune in to the Q1 2022 interim report video presentation at 9:00 am CET on May 25, featuring CEO Alex Noton.

Use the following link for access at the given time:https://tv.streamfabriken.com/zignsec-q1-2022.

Identity fraud makes up nearly two-thirds of all fraud incidents globally.

The risk of fraud increases now that Crime-as-a-Service (CaaS), where experienced cybercriminals use Dark Web markets to sell access to the tools and knowledge needed to execute cybercrime, is rising. Identity fraud is becoming more and more sophisticated, which calls for advanced detection and prevention measures.

Convenience and speed for your customers and security and scalability for your company are just some of the advantages of utilising an effective SaaS model for regulatory compliance.

The Software-as-a-Service model for AML compliance is on the rise Cybercrimes and online fraud have increased globally; last year, Europe saw identity fraud double compared to the year before.

Andreas Westman, Global Business Development Manager at ZignSec, meets with Josef Darmark, representing one of our esteemed clients Trustly.

We thank ICE London for an enticing and rewarding 2022 event.🤝

ZignSec will be attending ICE London 2022 - the largest global gathering of gaming operators in Europe.

Meet up with Andreas Westman, our Global Business Development Manager, and learn how to increase customer acceptance rate and sign up more players quickly and securely with our global digital verification solutions, , and onboarding automation.

We facilitate for gaming operators to stay on top of and future-proof their program locally and globally.

Investing in digital solutions and automation for a friction-free customer onboarding process is a lucrative decision that benefits your customers and business.

ZignSec provides digital solutions with automation, AI, facial recognition, , process automation, and machine learning technology to facilitate companies address verification challenges in today's global digital world.

Companies struggle to comply with regulatory requirements like KYC as regulations vary by country and jurisdiction. ZignSec's automatic document detection recognises documents by type and country—our solution support over 10 000 document types from more than 170 countries. This is the ideal digital identity verification for businesses with operations and customers in several countries as it enables cross-border compliance worldwide.

An excellent digital solution guarantees a return on investment. According to a McKinsey Global Institute study, a digital identity verification process can reduce the cost of customer onboarding by 90%.

Digital identity verification enables stellar customer onboarding and KYC Compliance Digital identity verification and automation are prerequisites for an organisation to streamline the customer journey and improve KYC compliance

Accurate and swift is the linchpin of an excellent customer onboarding process. This is the first crucial touchpoint to welcome honest customers and shut out . 😀

identity verification technology helps establish the legitimate online identity of the people that wish to access your product or service.

We provide a fast, user-friendly identity verification process through and best-of-breed technology. Utilising a smartphone, your customer submits a photo of their valid ID document and a selfie video recording according to instructions. Our automatic ID document detection recognises documents by type and country and supports over 10 000+ document types from more than 170+ countries. 🌎

ZignSec provides speed, reliability, and excellent global coverage, and the entire identity verification process takes seconds regardless of your customers' origin.

Want to know more about how ZignSec automation guarantees , mitigates risks, prevents , improves operational efficiency, saves cost, and increases customer acceptance rate, thus your revenue?

Speak with one of our experts at [email protected].🤝