Tag: business management

Have you long considered building a mobile friendly website for your company? If so, you need to stop deliberating in this instance and start taking action! The longer you fail to embrace the mobile web, the more likely your business will be to fall behind its competitors in the race for custom. This will have an adverse effect on your profit turnover, which in turn means that you’ll have less money to invest back into the ongoing growth of your organization.

Not convinced that your business needs to embrace the wonders of the mobile web? If so, prepare to have your mind changed below.

Here are three reasons why your company needs a mobile-friendly website:

Your customers expect optimized mobile service

In this day and age, your customers expect to be able to access your business’ website via their mobile devices. Should they fail to achieve this feat in an optimized and timely fashion, you can be sure that they will leave your company behind and head straight to your competitors. Not only will this result in your missing out on profit, but it will also have an adverse effect on your standing in your market.

If you want to draw a steady stream of clients over a sustained period of time, you must go above and beyond to meet modern consumer specifications and benchmarks. Offering a mobile-friendly website more than fits the bill in this instance.

Device glitches aren’t on-brand

Should your consumers consistently experience glitches whenever they access your mobile site, your brand image is going to take a serious hit. Before too long, word will spread about your company’s online inefficiencies, and this will then stop you from being able to enhance your digital marketing endeavors going forward.

Quite simply, you must ensure that your mobile website is glitch-free at all conceivable points. Don’t worry; you don’t need to take on this crucial challenge all by yourself. There are plenty of Shopify experts out there capable of offering you some much-needed assistance in this instance, Blackbelt Commerce being one of the very best. To find out more about the mobile device eCommerce checkout services that they provide, be sure to head to blackbeltcommerce.com.

Google’s algorithm favors responsive design

The importance of having a navigational structure that operates across an array of different devices can never be understated. This is evidenced by the fact that Google’s latest algorithm favors websites that offer responsive mobile design. If you want your site to reach the upper echelons of the search engine results pages (S.E.R.Ps), you simply must make sure that your mobile site operates in a quick and functional fashion.

Simply put, your company needs a mobile-friendly website. Once you create this type of robust platform, you will be sure to meet your consumer’s wants, needs, and demands on a daily basis. This will have a profound positive impact on your brand image, and it will ultimately help you to enhance your SEO endeavors.

The market of fraud prevention with KYC automation (Know Your Customer) identity verification system is estimated to exceed $1 billion by the end of 2026.

Global Newswire reports that the CAGR of the industry is 22% between 2019 and 2027, which proves its high demand. The technology can significantly improve customer due diligence (CDD) and help your company reduce the number of successful fraud attempts by revealing the risks associated with particular customers. And as the value of KYC is quite clear, the challenge is to integrate and automate KYC to make it work for the company’s good while it performs the main operations in the safe zone. 

The Problem

One of the biggest problems current KYC systems have been facing over the past few years is the lack of automation in document verification, data entry, and customer onboarding. A typical case can take over a week and always irritates both customers and the employees who process the data. Besides the immense time demands, manual reviewers can’t guarantee 100% accuracy. 

The Solution

Now that you know the KYC problem, learn the latest cost-cutting solutions:

1. Image quality check AI automation – automation of this process can reduce the time needed to check whether the customer image matches a complex list of parameters. Unlike a human reviewer, AI can analyze multiple parameters simultaneously and send immediate feedback to the customer with a query to upload another image. The whole process will take minutes instead of days. 
2. Verification automation – verification of the accepted images is another potentially time-consuming challenge that requires a precise analysis of documentation. Using trained OCR models and object detection algorithms, you can reduce the time needed to find flaws in documentation to minutes and only work on reports if needed. 
3. Fraud detection automation – automated entry data verification can significantly reduce the chances of falsified information pass and achieve the right to conduct transactions. Human reviewers are, so to say, weak when it comes to the detection of digital image counterfeits, while AI can spot aspects that can’t be seen by a human eye. 
4. Document digitization automation – once all the images and documents are thoroughly checked and verified, they have to be entered into a piece of software for indexation and storing. Automated data extraction is called to reduce the time needed for the process. 

Fortunately, a large amount of automation can be done with ready-made cloud data capture automation APIs that can do all the work without the need for company-based processing facilities. Covery.ai and similar systems already provide seamless integration, compliance, and full KYC automation. 

Is It Essential?

Simplicity and reliability are what every business seeks to provide the fastest and smoothest experience to the customers. With an immense surge in the number of fraudster attacks on businesses worldwide, KYC integration appears to be one of the ways to seal the potential breaches in the security system. If a system is already on, a company’s duty is to make it as seamless as possible.