Online identification has become an increasingly popular method for verifying identities, particularly in the financial services sector. myPOS has been at the forefront of this innovation, being one of the first companies in Europe to adopt and implement this advanced verification technique.
This approach not only ensures compliance with the EU Fourth Money Laundering Directive but also offers a convenient and secure way for clients to verify their identities from anywhere in the world.
Online identification simplifies the verification process, making it quicker and more efficient. Clients can complete the process using their smartphone, providing the necessary documents and information through a secure, user-friendly interface. This method has been widely accepted and is recognised for its efficiency and security.
Why is it popular?
• Convenience: Clients can verify their identities from the comfort of their own homes without needing to visit a physical location.
• Speed: The process is quick, often taking just a few minutes to complete.
• Security: myPOS uses advanced encryption and secure servers to protect personal data, ensuring that only authorised personnel can access it.
• Compliance: Adhering to regulatory requirements, online identification helps financial institutions meet their legal obligations while providing a seamless customer experience.
As a pioneer in this field, myPOS continues to innovate and improve its online identification processes, maintaining a high standard of security and efficiency.