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We provide digital verification and payment solutions that empower businesses to onboard new customers with complete confidence. Keeping customer journeys optimised, fraudsters deterred, and revenue streams strong is our mission.
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KYC in the digital worldKnow your customer, or KYC, is an essential business tool for identifying fraudulent activity before it becomes a threat to a company's finances and reputation. Unfortunately, the traditional KYC verification methods no longer have a place in a progressively digital business environment. Thankfully, in the current day and age eKYC services are readily available - a cutting-edge approach ensuring that fraudulent activity is evaded with real-time automated solutions. eKYC services are accompanied by two others: eRICA and eFICA, all of which equip a company to efficiently manage identity theft and account fraud and high-risk customers. 14 Jan 2022 Read more

The urgency of PEP screening for AML compliance in businessThe emergence of the digital era has increased the efficiency of criminal activities, making it essential for businesses to revamp their fraud and money laundering defence strategies - and Politically Exposed Person Screening, often referred to as PEP Screening, is just one of many steps in the approach to safeguarding your business. This process is an essential combative measure used when onboarding and establishing business relationships with PEPs in order to maintain Anti-Money Laundering compliance, also known as AML compliance, and effectively protect business from financial crime. 23 Nov 2021 Read more

The future of FICA: How electronic FICA (eFICA) is impacting businessesFICA compliance assists businesses with mitigating financial and reputational risk in an age where money laundering and consumer fraud is an ever-rising concern. The FICA process ensures that credit is being extended to legitimate customers who are who they say they are. Verification of various data points allows businesses the opportunity to know their customers, and have data at hand with which to make informed, risk-based, onboarding decisions. 7 Oct 2021 Read more

How education institutions can seamlessly switch to DebiCheck by choosing the right TPPPEducation institutions in South Africa are migrating cash payments to DebiCheck in an effort to upgrade tuition collection processes and meet revenue goals. 21 Jun 2021 Read more

How to create safer e-commerce marketplaces for shoppersE-commerce marketplaces face a unique threat: marketplace seller fraud - a saboteur of shopper trust. Through empowering sellers to transact directly with shoppers, a direct stream is created that is greatly beneficial to both parties. However, that same stream can easily become tarnished by fraud, because where there is a lack of robust verification, anybody and everybody can register as a seller. 17 May 2021 Read more


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Contact Bitventure

Tel: +27 11 616 0849
Email: az.oc.erutnevtib@ofni
Website: www.bitventure.co.za