VGS formalizes a strategic relationship with PrivySeal to disrupt fraud through professional, document and data accreditation.
AUSTIN, Texas and South Africa November 28, 2016 --Vestment Global Services LLC (VGS) is proud to announce a new strategic relationship with PrivySeal Ltd whose aim is to disrupt fraud everywhere by giving everyone access to digital ID accreditation, confidence and protection. Professional qualifications fraud and identity theft are rampant and a growing problem for individuals and businesses as we interact with an increasingly electronic world. Specifically, high levels of fraud and lack of trust in everyday business and online transactions stunt Africa’s economic pace. Professional qualifications, data and document authenticity can be difficult to verify in these contexts where identities are easily stolen. Fraudsters can compete unfairly with those whose qualifications and businesses are genuine by generating fictitious documents that are exploited with losses to individuals, financial institutions, and professionals. As a result, global and local regulators are placing increasing demands on businesses and institutions to confirm the identity of individuals, professionals, entities and transactions.