Regulatory Response to Fraud Threats
Regulators are responding to the rising threats of fraud by implementing increasingly stringent regulations and reporting requirements that emphasize the importance of privacy and security throughout the entire customer journey. This includes not only protecting sensitive customer information but also ensuring that all interactions are fully documented and transparent.
Importance of Compliance in Identity Proofing
In this context, compliance and regulatory reporting within identity proofing have become critical components for businesses operating in regulated environments. Organizations must navigate a complex landscape of regulations that require them to demonstrate their commitment to safeguarding customer data while also adhering to legal obligations.
Introducing Our Identity Suite
Our Identity Suite is designed to meet these challenges head-on. It is fully compliant with the EU/UK Payment Services Directive 2 (PSD2), which mandates strong customer authentication and secure payment processes. Additionally, our suite adheres to the EU/UK General Data Protection Regulation (GDPR), ensuring that personal data is handled with the utmost care and in accordance with privacy rights.
eIDAS Certification Achievement
We are proud to announce that our Identity Suite has recently achieved certification as eIDAS compliant. The eIDAS regulation establishes a framework for electronic identification and trust services, facilitating secure and seamless online transactions across EU member states. This certification underscores our commitment to providing a robust identity proofing solution that not only meets regulatory requirements but also enhances customer trust and confidence.
Commitment to Web Accessibility
Our compliance with the EU’s Web Accessibility Directive (WAD) ensures that our services are accessible to all users, including those with disabilities. By prioritizing accessibility, we not only fulfill our regulatory obligations but also create an inclusive environment that fosters customer engagement.
In summary, our Identity Suite is equipped to handle the complexities of compliance and regulatory reporting within identity proofing. By aligning with key regulations such as PSD2, GDPR, eIDAS, and WAD, we empower organizations to navigate the regulatory landscape effectively while maintaining a strong focus on privacy, security, and customer experience.
