Melissa UK's knowledge Center

patient identity verification

What Is Know Your Patient?

Know Your Patient (KYP) is a healthcare compliance process focused on verifying and authenticating patient identities.

electronic ID verification

What is an Electronic Patient Record (EPR)?

An Electronic Patient Record (EPR) is a digital version of a patient's medical record that is used within a healthcare system to manage clinical and...

Anti Money Laundering

The 3 Stages of Money Laundering

The process of disguising the origins of illicitly obtained money, making it appear as though it comes from a legitimate source.

identity theft

What is Online Identity Theft?

Online identity theft is the unauthorised acquisition and use of someone’s personal information through digital means.

know your customer (KYC)

What is a Customer Risk Assessment

A customer risk assessment systematically evaluates potential risks for businesses and financial institutions when engaging with customers.

Biometrics

What is Biometric Authentication?

Biometric authentication is a security process that verifies an individual's identity based on their unique biological characteristics.

Digital Identity Verification

What is Identity Proofing?

Identity proofing is the process of verifying that a person is who they claim to be. It is a critical step in security and authentication systems.

Onboarding

ID Verification & Employee Onboarding

Electronic ID verification services play a crucial role in modern employee onboarding processes by streamlining and enhancing the verification of new...

health care industry

How to Ensure Data Quality in Healthcare

In the healthcare sector, DQ is crucial as it impacts patient care, decision-making processes, research outcomes, and overall organisational...

electronic ID verification

What is Machine-Readable Zone (MRZ)?

MRZ is a portion of a passport, visa, or other travel document that printed in a format that can be easily read by machine scanners.

Identity Checks

How to Prevent Account Takeover

Account takeover (ATO) is a cybersecurity attack where an unauthorised individual gains access to a user's online account without their permission.

know your customer (KYC)

What is Beneficial Owner?

A beneficial owner is an individual or entity that ultimately enjoys the benefits of owning an asset.

know your customer (KYC)

What is Regulatory Compliance?

Regulatory compliance refers to the process by which organisations adhere to laws, regulations, guidelines, and standards set by government...

know your customer (KYC)

What is Synthetic Fraud?

Synthetic identity fraud is a type of fraud in which criminals create fake identities by combining real and fictitious information.

Global Data Quality

What is Data Completeness?

Data completeness refers to the extent to which all required and expected data elements are present in a dataset.

Global Data Quality

What is Data Transparency?

Data transparency refers to the openness and accessibility of information related to data collection, processing, usage, and sharing.

Digital Identity Verification

What is Strong Customer Authentication?

Strong Customer Authentication (SCA) is a European regulatory requirement aimed at making online payments more secure.

Global Data Quality

What is Data Reliability?

Data reliability refers to the accuracy and consistency of data, ensuring that it can be trusted and used with confidence for various purposes.

Global Data Quality

What is Data Theft?

Data theft refers to unauthorised access to confidential, or personal information from a computer system, network, or data storage device.

Global Data Quality

What is Data Lifecycle Management?

A data lifecycle refers to the stages or phases through which data goes from its initial creation or acquisition to its eventual disposal or...

Onboarding

Digital Onboarding: Definition, Benefits & How it Works.

Digital onboarding refers to the process of electronically registering and verifying individuals or businesses when they sign up for a service, open...

Global Data Quality

What is Data Observability?

Data observability is a concept and set of practices within data management and data analytics that focuses on the quality and transparency of data.

Global Data Quality

What is Data Monetisation?

Data monetisation is the process of generating revenue or economic value from data assets.

Global Data Quality

What is Data Integration?

Data integration is the process of combining data from multiple disparate sources into a unified, coherent, and meaningful view.

Global Data Quality

What is Data Governance?

Data governance is a comprehensive framework of policies, processes, standards, and procedures that an organisation establishes to manage its data...

Global Data Quality

What is Data Standardisation?

Data standardisation is the process of establishing & and enforcing consistent data formats, structures, and conventions.

Global Data Quality

What is Data Integrity?

Data integrity is a fundamental aspect of data quality and refers to the accuracy, consistency, and reliability of data in a database, system, or...

Global Data Quality

What is Data Validation?

Data validation is the process of ensuring that data entered or collected in a computer system meets certain predefined standards and criteria.

Global Data Quality

What is Data Consistency

Data consistency refers to the accuracy, integrity, and validity of data across different parts of a database or distributed system.

SOC2

What is SOC2 Compliance?

SOC 2 (Service Organisation Control 2) compliance is a set of standards and guidelines established by the American Institute of CPAs (AICPA).

GDPR

What is GDPR?

GDPR stands for General Data Protection Regulation. It is a comprehensive data protection and privacy regulation implemented by the European Union...

know your customer (KYC)

What is Optical Character Recognition?

OCR is a technology that converts different types of documents or images captured into editable and searchable data.

know your customer (KYC)

What is Customer Due Diligence?

Customer Due Diligence (CDD) is a process employed by businesses and financial institutions to assess and verify the identity of their customers

Global Data Quality

What is Dirty Data?

Dirty data refers to data that is inaccurate, incomplete, inconsistent, or contains errors, making it challenging to use for analysis or...

Global Data Quality

What is Data Accuracy?

Data accuracy refers to the degree to which data correctly represents the real-world objects or events it is intended to capture.

Global Data Quality

What is Data Scrubbing?

Data scrubbing refers to the process of identifying and correcting or removing errors, inconsistencies, inaccuracies, and redundancies in a dataset.

Global Data Quality

What is Data Verification?

Data verification refers to the process of validating and confirming the accuracy, completeness, and integrity of data.

Enhanced Due Diligence

What is Enhanced Due Diligence (EDD)?

EDD refers to a higher level of scrutiny & investigation conducted by businesses when dealing with entities that pose a higher risk in illicit...

anti-money laundering (AML)

What is Anti Money Laundering?

Anti-Money Laundering (AML) refers to a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained...

anti-money laundering (AML)

What is Terrorist Financing?

Terrorist financing refers to the financial support provided to individuals, groups, or organisations involved in acts of terrorism or extremist...

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know your customer (KYC)

What is Adverse Media Screening?

Learn how adverse media screening helps identify risks by monitoring negative news, aiding in compliance, risk management, and protecting reputations

know your customer (KYC)

What is Online Fraud?

Online fraud refers to any deceptive or illegal activity conducted over the Internet with the intention of obtaining financial or personal...

know your customer (KYC)

Why is KYC Important?

Overall, KYC is vital for maintaining regulatory compliance, mitigating risks, preventing fraud, and safeguarding customer interests.

know your customer (KYC)

What is a Sanction?

A sanction refers to a punitive measure or penalty imposed on a country, entity, organisation, or individual by governments or international bodies.

know your customer (KYC)

What is a Politically Exposed Person?

A politically exposed person (PEP) refers to an individual with high public function who may present a higher risk towards corruption and bribery.

know your customer (KYC)

Guide to Preforming AML Checks

Anti-Money Laundering (AML) refers to a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained...

know your customer (KYC)

What are Digital ID Checks?

Digital ID Checks are a process of using digital technology to verify the identity of an individual.