On the occasion of the New Year 2020 VeriME team would like to thank each and every one who has supported and motivated us in the past year. We also would like to take this opportunity to wish all of you a wonderful 2020 filled with good health and prosperity. As for VeriME we are motivated to achieve good success and good deals that will make 2020 better for stakeholders and VeriME

VeriME team is all motivated for 2020 with big plans in hand. To start with we are excited to announce that VeriME has changed name. We will now be known as TrueVett. With this TrueVett will be taking the opportunity to evolve the brand in order to better communicate our verification and authentication services. It seems like a big change but be rest assured that our core beliefs and mission is still the same in providing the best and keeping our stakeholders interest as our priority. We believe that VeriME has a fresh, confident and bold look to perform better through the new brand TrueVett for the New Year 2020. Furthermore, recently we learnt that there are other companies with similar name(s) are operating on other verticals that does not confirm to our values and culture. Therefore, to avoid confusions and to create uniqueness to our offerings and to better brand our services we have moved on to this direction with a new brand, new look — TrueVett

This rebranding activity will take some time however, we are still contactable and active on all social media, telegram and other VeriME owned media sites. For more info do follow us on the telegram channel for first-hand updates and information.

TrueVettpartners as of 2019

We would also like to thank all our partners who are actively using TrueVett services. As of end of December 2019 we are glad to inform that we integrated with many big partners successfully. Following are some of the details:

VayMuon (Leading peer-to-peer lending platform)

VayMuon based in Hanoi is a peer to peer lending platform. They provide services to Individuals seeking financial assistance. They are also a reliable trading platform that connects borrowers and investors from all over the country. Security was their main concern and priority therefore TrueVett was opted to fulfill these requirements. VayMuon has already integrated the D-KYC services in their business. TrueVett team has fine-tuned and made several changes on the user experience and some bugs were also fixed. New security features were added to make the application a lot more secure. The teams mission is to maintain a positive user experience overall.They are one of our active partners who use TrueVett services.

The following link will show how TrueVett is integrated to VayMuon business.

https://www.youtube.com/watch?v=nP5HBFtSujY&feature=youtu.be

EGATE (Leading crypto payment gateway)

EGATE, one of the leading wallet and payment gateway providersin blockchain space. Given the rising cost and challenges of KYC and payment authentication processes, TrueVett’s D-KYC and D-SECURE solutions was quickly adopted by EGATE. We have upgraded the services with better user experience features and implemented the latest security features to their services. Our partnership with EGATE is moving smooth.

NganLuong (#1 payment gateway provider in Vietnam)

NganLuong, Vietnam’s largest payment gateway, is one of TrueVett’s partners as we all know. We have been providing this partner secure verification and authentication services. To further enhance we have integrated the added security features as we have done for other partners. We have also customised it based on NganLuong’s requirement especially on payment gateway aspects. They are also one of our loyal and active partners.

Mobin (Upcoming InsureTech platform in Vietnam)

Mobin is a Vietnam based insure-tech platform. MOBIN is co-operated with VNPT, one of the largest Telco in Vietnam to provide service to their 30milliuon customers. VNPT is also the owner of Vinaphone with more than 30million users and branches across Vietnam. They are also the owner of VNPT Post with their network spread across every district of Vietnam. Mobin partnered with TrueVett for secure Digital Identity Verification and authentication mechanism to each of its partners merchants and customers. They are fairly new but one of our latest and active partners

Launching Promotion and Co-Marketing program

We have introduced a new launching promotions and co-marketing programs through our partners to increase adoption. The program has been introduced to all our existing partners. The feedback has been very positive so far and we are pleased that our partners are actively adopting this move. Our marketing team has been working closely with our partners to promote this further.

TrueVett- NEW Website and Email ID

Keeping in touch with our community is important to us. So, do keep in touch and do not hesitate to write to us if you have any questions or concerns. We also welcome suggestions on improving our offerings to our community. Do send us your enquiries and emails.

Website: www.truevett.com

For sales related communication kindly contact sales@truevett.com

For other enquiries please contact support@truevett.com

We look forward to hearing from you.

That’s all for January 2020 updates. Do not forget to visit our website and social media sites for more updates and do hit the like button to show your support and presence as always.

Welcome to January 2020 Newsletter. was originally published in TrueVett on Medium, where people are continuing the conversation by highlighting and responding to this story.

Welcome to September 2019 VeriME newsletter.

Great News…. New partner on-boarding….Mobin!

VeriME has partnered with Mobin a Vietnam based insure-tech platform. MOBIN is cooperated with VNPT one of the largest telco in Vietnam to provide service to their 30milliuon customers. VNPT is also the owner of Vinaphone with more than 30 million users and branches across Vietnam. They are also the owner of VNPT Post with their network spread across every district of Vietnam.

Mobin partnered with VeriME for secure Digital Identity Verification and authentication mechanism to each of its partners merchants and customers.

There are many advantages in using VeriME in payment ecosystem. The increased credibility for buyers, immediate payments for merchants are few of the benefits that Mobin and its users are enjoying. Its spot-on to say “Verified by VeriME” is giving them peace of mind as it has done for other partners using VeriME services.

Following is a snapshot of the login page using VeriME applications

Launching Promotion and Co-Marketing program

VeriME has introduced A new launching promotions and co-marketing programs through its partners to increase adoption. This has been introduced to all the existing partners. There has been positive feedback from partners in adopting this move. Marketing team is working closely with partners to promote this further.

VayMuon — VeriME

As mentioned in our previous newsletters, VayMuon based in Hanoi is a peer to peer lending platform. They provide services to Individuals seeking financial assistance. They are also a reliable trading platform that connects borrowers and investors from all over the country. Security was their main concern and priority therefore VeriME was opted to full fill these requirements. VayMuon has already integrated the D-KYC services in their business. VeriME team has fine tuned and made several changes on the user experience and some bugs were also fixed. New security features were added to make the application a lot more secure. The teams mission is to maintain a positive user experience overall.

The following link will show how VeriME is integrated to VayMuon business.

https://www.youtube.com/watch?v=nP5HBFtSujY&feature=youtu.be

EGATE — VeriME

As we know VeriME collaborated with EGATE, one of the leading crypto wallet and payment gateway provider based in Central America. Given the rising cost and challenges of KYC and payment authentication processes, VeriME’s D-KYC and D-SECURE solutions was quickly adopted by EGATE. We have upgraded the services with better user experience features and implemented the latest security features to their services. Our partnership with EGATE is moving smooth.

NganLuong — VeriME

NganLuong, Vietnam’s largest payment gateway, is one of VeriME partner as we all know. We have been providing this partner secure verification and authentication services. To further enhance we have integrated the added security features as we have done for other partners. We have also customised it based on NganLuong’s requirement especially on payment gateway aspects.

Activities with the Verification and KYC News around the globe.

eKYC, Digital KYC for opening bank accounts to make process secure: UIDAI

Following is the link to the news on e-KYC, Digital KYC for opening bank accounts to make the process secure. Digital KYC has been introduced for opening up a bank accounts. If a customer has paper Aadhaar, voter ID or driving licence, then the person can go for Digital KYC, like used in many sectors these days. This makes it convenient, safe, secure and fraud-proof. VeriME team is also exploring these opportunities to introduce their D-KYC, and D-Verification services to Banks in Vietnam, Singapore, Malaysia, Sri Lanka and many other countries where we have a strong hold. Clink on the following link to read more about

Read more at:

https://www.livemint.com/politics/policy/ekyc-digital-kyc-for-opening-bank-accounts-to-make-process-secure-uidai-1566998784005.html

KYC rider gets banks back in remittance game

Mandatory KYC for creating and transferring money through wallets has brought about a shift in business. This is due to the loss of business of mobile wallets. It has brought in gains for the banking system, as the entire domestic remittance business, which had moved to the prepaid segment, has returned to the business correspondents space. This lead to Reserve Bank of India order, requiring full KYC compliance for creating and transferring money through wallets. Digital KYC guidelines have come but it’s very complicated and time consuming. VeriME Seamless D-KYC which provides the best user experience can be implemented to resolve these. VeriME is also exploring this opportunity with providing their D-KYC service in this context

Read more at:
//economictimes.indiatimes.com/articleshow/71073747.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Browser Extensions Can Steal KYC Data, Alter BTC Transactions

Social engineering, cryptojacking, viruses, phishing, exit scams, honey pots–all of these are an all-too-common part of the cryptocurrency landscape. Now, crypto hackers may have found yet another way to illicitly gain access to your coins: browser extensions.

Read more at:

https://www.financemagnates.com/cryptocurrency/news/browser-extensions-can-steal-kyc-data-alter-btc-transactions/

Subscribe to VeriME newsletter

Thank you to everyone who has already subscribed to our VeriME newsletters. Those who have not subscribed to our newsletters please click on link and follow a simple step to subscribe to our newsletter. Be the first to receive our updates and other announcements.

VeriME Website and Email ID

Keeping in touch with our VeriME community is important to us. So do keep in touch and do not hesitate to write to us if you have any questions or concerns. We also welcome suggestions on improving our offerings to our community. Do send us your enquiries and emails.

WEBSITE: www.verime.io

Partner Log In — https://partner.verime.io/auth/login

For sales related communication kindly contact sales@verime.io

For marketing related communication kindly contact pr@verime.io

For other enquiries please contact support@verime.io

We look forward to hearing from you.

That’s all for September 2019 updated. Do not forget to visit our website and social media sites for more updates and do hit the like button to show your support and presence as always.

Hello VeriME Community, was originally published in TrueVett on Medium, where people are continuing the conversation by highlighting and responding to this story.

#newpartner #integration #blochchain #VaaS #KYC #verification #Securepayment #seamlessintegration

New VeriME Partner - MOBIN was originally published in TrueVett on Medium, where people are continuing the conversation by highlighting and responding to this story.

We constantly stress about security breach and ways to protect our users and partners. The following news shows how this has been breached. Over 106million user’s data was hacked. This is the call for more stringent measures to protect customer data and funds. https://www.google.com.sg/amp/s/www.bbc.com/news/amp/world-us-canada-49159859

VeriME is a blockchain based decentralized VaaS (Verification-as-a-Service) ecosystem, and not just a KYC (Know Your Customer) service provider. Therefore, it makes it difficult for criminals to hack thereby reducing identity theft issues.

Furthermore, our users and partners do not store their data with VeriME. It remains only on their devices, hence data security becomes a non-issue when users use VeriME for fulfilling KYC and Payment Authentication requirements. Also, by not storing sensitive information such as PCI DSS [Payment Card Industry Data Security Standards] and PII [Personally Identifiable Information] data during KYC and Payment Authentication processes, VeriME automatically confirms compliance with local data sovereignty and PDPA laws which require that data regarding citizens are not carried to offshore locations.

VeriME protects its users and partners by evaluating many factors. It includes risk profiling, screening and due diligence, and transaction monitoring. KYC also has a very close connection and makes a part of the larger picture of Anti money laundering (AML) process. By setting up strong KYC system organizations can concentrate on growing their business instead of worrying about other issues related to government regulation and other criminal threats as mentioned in this news. Do read this news for more info…

Verime protects users and partners from security breach was originally published in TrueVett on Medium, where people are continuing the conversation by highlighting and responding to this story.

Great News…. New partner on-boarding … Tick Edu — VeriME

Tick Edu is a Vietnam based E-learning portal that was founded in 2018. Tick Edu’s mission is to share knowledge and develop new skills, focussed at Vietnam’s growing young student population. It is catered to students, professionals or anyone who would like to nurture or adopt new knowledge in many different fields from the comfort of their homes. Tick Edu provides thousands of practical online courses from science, personal development and many others.

To make the e-Learning portal a trustworthy site with good standard the founders of Tick Edu have joined partnership with VeriME for their seamless on-boarding and verification requirements for the site.

Each user and trainer is verified using VeriME D-Auth and D-Verification before they can proceed to register themselves to the courses or develop a course for the users. Verification such as users age and education background and other details are collected in this process.

The trainers and publishers are also required to go through VeriME D-KYC to authenticate their personal details and other information. This way quality programs and education materials are created to make the e-learning experience a worthwhile experience.

Following is the snapshot of the log in page using VeriME’s D-AUTH solution offering.

VayMuon — VeriME

As mentioned in our previous newsletters, VayMuon based in Hanoi is a peer to peer lending platform. They provide services to Individuals seeking financial assistance. They are also a reliable trading platform that connects borrowers and investors from all over the country. Security was their main concern and priority therefore VeriME was opted to fulfill these requirements. VayMuon has already integrated the D-KYC services in their business. VeriME team has fine tuned and made several changes on the user experience and some bugs were also fixed. New security features were added to make the application a lot more secure. The teams mission is to maintain a positive user experience overall.

The following link will show how VeriME is integrated to VayMuon business.

https://www.youtube.com/watch?v=nP5HBFtSujY&feature=youtu.be

EGATE — VeriME

As we know VeriME collaborated with EGATE, one of the leading crypto wallet and payment gateway provider based in Central America. Given the rising cost and challenges of KYC and payment authentication processes, VeriME’s D-KYC and D-AUTH solutions were quickly adopted by EGATE. We have upgraded the services with better user experience features and implemented the latest security features to their services. Our partnership with EGATE is moving smooth.

NganLuong — VeriME

NganLuong, Vietnam’s largest payment gateway, is one of VeriME partners as we all know. We have been providing this partner secure verification and authentication services. To further enhance we have integrated the added security features as we have done for other partners. We have also customised it based on NganLuong’s requirement especially on payment gateway aspects.

On VeriME Blog

We thank all our VeriME community who have been following us on the VeriMe Medium Blog. Those who have not visited our blog please click on the link and start following us for up to date news and information.

Please do read our last write up on Importance of KYC to FinTech Companies

where we speak about how KYC works and how it becomes crucial in operating any fintech companies. Enjoy and stay tuned for more….

Subscribe to VeriME newsletter

Thank you to everyone who has already subscribed to our VeriME newsletters. Those who have not subscribed to our newsletter please click on link and follow a simple step to subscribe to our newsletter. Be the first to receive our updates and other announcements.

VeriME Website and Email ID

Keeping in touch with our VeriME community is important to us. So do keep in touch and do not hesitate to write to us if you have any questions or concerns. We also welcome suggestions on improving our offerings to our community. Do send us your enquiries and feedback.

WEBSITE: www.verime.io

Partner Log In — https://partner.verime.io/auth/login

For sales related communication kindly contact sales@verime.io

For marketing related communication kindly contact pr@verime.io

For other enquiries please contact support@verime.io.

We look forward to hearing from you.

That’s all for July 2019 newsletter. Do not forget to visit our website and social media sites for more updates and do hit the like button to show your support and presence as always.

Hello VeriME Community, was originally published in TrueVett on Medium, where people are continuing the conversation by highlighting and responding to this story.

https://www.pymnts.com/news/partnerships-acquisitions/2019/vietnam-mpos-vimo-merger-nextpay/

Updates on our partner and VeriME Chairman Mr.Binh. Following is the link to the news. was originally published in TrueVett on Medium, where people are continuing the conversation by highlighting and responding to this story.

https://finance.yahoo.com/news/crypto-exchanges-comply-kyc-aml-130000445.html

What are KYC, AML, and CFT? was originally published in TrueVett on Medium, where people are continuing the conversation by highlighting and responding to this story.

Just some time ago anyone with an idea and some seed funding could start a business. Income from unlawful activities can be redirected into legitimate businesses. However, to eradicate these growing threat governments around the world have stricter rules and regulations these days. New startup’s needs to undergo stringent due diligence processes which includes declaring the source of the funds, records on the past business practices et cetera. There is also compliance related aspects that need to be considered for a new startup. This includes Knowing Your Customer!

Many of you are well aware of this term “Know Your Customer” also known as KYC. To explain this briefly it’s safe to say that its a government regulation which was designed to prevent unlawful activities such as money laundering, organised crimes, financial crimes, terrorist financing etc.. This requires individuals to whitelist their records by providing government registered documents such as passport, national ID and other documents to screen their records. Many financial institutions, insurance companies and service industries outsource this service to well known companies who specialise in providing KYC services. VeriME is one of the blockchain based Digital KYC providers who provides services to many such clients. One of them is Maritime Bank, one of the largest banks in Vietnam using VeriME platform to provide D-KYC services to their customers. As part of compliance requirements as mentioned earlier let’s look at the fintech industries and the importance of KYC to fintech companies.

Everyone is talking about Fintech. What exactly does it mean? Fintech, the word is a combination of financial technology written in short form. It simply means the financial technology which is used to improve and automate the financial operations and processes used by business operations to improve its offerings to clients on a secure and more effective manner.

There is a huge and growing acceptance to fintech startups. However, there are many challenges faced by these startups. To be successful it’s not only important to have the experts to manage customer acquisition, cash flow rate, reduce cost of customer acquisition so on and so forth, It is also crucial to have an in-depth knowledge and expertise on the importance of Know Your Customer (KYC). KYC has a vital role in complying to today’s regulatory compliance. To simply put, KYC is a multi faceted subject where it involves a series of data driven processes. It is important to understand how KYC applies specifically to their respective business.

In most countries KYC is part of the law where companies are requested to verify the identities of their clients, board of directors etc. This process is taken seriously to eliminate issues arising from criminal activities. To explain further this process will allow fintech startups to obtain information regarding their potential customers track record that ensures that they were not involved in criminal activities and other frauds. It will also ensure a person is who they say they are. For example, an individual in Malaysia who want to perform the D-KYC using VeriME platform will be requested to scan documents such as the government registered identification card, passport details and other details such as address, before companies can whitelist that person. These Requirements are based on each business and the information required for their business undertakings in their respective countries or business operations. KYC service providers like VeriME customises these rules based on each business and their requirements making it a target driven KYC screening. KYC evaluations may also include risk profiling, screening and due diligence, AML checks, PEP checks and transaction monitoring. KYC also has a very close connection and makes a part of the larger picture of Anti money laundering (AML) process. By setting up a strong KYC system fintech start-up’s can concentrate on growing their business instead of worrying about other issues related to government regulation and other criminal threats.

KYC is also helpful in acting as competitive factor where it allows fintech start up’s to gather insightful data on customers that they deal with. This data is secure and allows organisations to target the right customer for the right product and services. This focussed driven data analysis can benefit the organisation to grow faster and generate profit.

With many issues involving digital crime and etc. regulatory authorities are always on the lookout for organisations who fail to comply to these rules. New fintech startups are usually the easy target. The tendency to overlook the compliance requirement is highly possible in new startups. There are also instances where new startups try to cut cost and opt for a cheap service provider who may not be able to provide them with a good solution. This means hefty fines and trouble to settle in the long run.

Currently the market is flooded with many KYC providers. Getting an appropriate service provider who understands what is required for a fintech company will be very useful to get away with unnecessary problems in the long run. With good experience in KYC solutions VeriME is able to provide the right services that focuses on each fintech business.

Importance of KYC to FinTech Companies was originally published in TrueVett on Medium, where people are continuing the conversation by highlighting and responding to this story.

Budget Samsung Galaxy phones to get crypto features

Samsung has now introduced cryptocurrency features to their mobile phones. was originally published in TrueVett on Medium, where people are continuing the conversation by highlighting and responding to this story.

Developers no longer need to rely on SMS to verify their new mobile app users. They can now verify their users over WhatsApp. Users can opt to receive their verification codes through the WhatsApp app installed on their phone instead of through SMS. Following is the short read with more details on this :-