Business

From the first arcade games in the 70s to multiplayer graphic-intensive games, the industry has risen exponentially. In the media sector, video game earnings beat TV, movies, and music gains. Year after year, the number of players keeps increasing, which pushes the records to new heights. Apart from direct video game sales, the vast user base is also responsible for sprawling esports events worldwide. Due to the immense popularity of such events, there is a rising threat of fraud and money laundering. Therefore, verifying businesses becomes essential to safeguard business and player interests. This post discusses the benefits of using a know your business solution in esports to protect business and player interests.  Areas Where KYB Solutions Can Help By an estimate, the global...

With the current economic landscape and rising cyber threats, running a startup is already complex. Since the fintech industry is at the brunt of terrorist financing and fraud cases, building a startup in this industry becomes even more perilous. Moreover, fintech frequently deals with national and international regulatory compliance. Therefore, it becomes necessary for such startups to implement a know your business solution for verifying companies they want to work with. As a startup founder, understanding the need for business verification services can be confusing. This post illustrates the importance of KYB verification for fintech startups in navigating regulatory challenges and gaining investor confidence. Know Your Business (KYB) in Fintech Industry The global market for fin...

Retail customers invest in fixed deposits (FDs) for a fixed tenure - generally long-term - to earn high and assured returns. The funds deposited in fixed deposits are utilised to offer loans and advances to individual borrowers, companies, developers, etc. If borrowers with a large loan can not repay the loan, it leads to risk to depositors' capital. Also, inefficient management of a financial institution may lead to insolvency. In the interest of investors, banks provide insurance coverage with their fixed deposit accounts. It helps customers if any liquidity crisis occurs in the bank. Depositors need not panic about their funds invested in bank FDs.  Understanding Deposit Insurance The deposit insurance model is like any simple medical insurance model where a third-party i...