In the digital age we live, the more efficient your methods of onboarding customers, the faster your business will experience growth. But, with ever-evolving forms of regulation and a growing list of providers and solutions, choosing the right form of identity verification which is both robust and compliant is becoming increasingly difficult…
Around the global financial service providers are regulated for the purposes of minimising fraud, reducing money laundering and limiting the funding of crime & terrorism.
Today, many of the financial markets have to comply with global regulations, such as the 5th EU Anti-Money Laundering Directive (read our guide on how to comply with 5AMLD) and Financial Action Task Force (FATF).
Most regulated markets, certainly in the financial services world, require organisations to perform Know Your Customer checks (also known as KYC). Adhering to these regulations and maintaining compliance can be a costly process, especially if that process isn’t automated.
KYC can be challenging for organisations of all sizes but is especially daunting for small to medium-sized businesses. If you are an SME business you need not worry, there are some simple and effective ways to comply with KYC and AML mandates – without breaking the bank.
Over the past few decades a body of research has grown confirming the fact that not only do humans base a huge amount of both their short and long term judgements on their first impressions, they form them remarkably quickly.
According to a prominent Harvard psychologist, the role our initial judgements play is firstly to determine whether a person can first be trusted, and secondarily whether they can be respected – in official terms, their warmth and competence.
This is the next installment of the Solution Series, where we share an overview of our key KYC & AML solutions. This time it’s our latest innovation, Utility Connect, which is the only global and automated customer address verification system in the world.
This is what you need to know, and why it’s a game changer, along with a product sheet…
This is the next installment of the Solution Series, where we share an overview of our key KYC & AML solutions. This time it’s BioMatch, which offers best-in-class facial authentication that takes seconds and can be used anywhere in the world.
We explain how BioMatch works, why it’s best-in-class, and round things off with a downloadable product sheet…
This is the next installment of the Solution Series, where we share an overview of our key KYC & AML solutions. This time it’s iDocufy, which offers automated identity document verification, using software that can recognise and read any national ID document in the world, in seconds.
This is everything you need to know, with a product sheet available to download at the end…
Identity verification is becoming more important and enhanced around the world. Many customers are now required to verify photo ID and in many countries this is commonly a national ID Card (for example the NADRA national identity card of Pakistan). Our solution allows you to verify any ID card in the world in seconds.
Here we tell you how we enable it using iDocufy.
Most businesses and organisations that need to verify identity are now using or moving towards digital and real-time solutions. However, there are still many who use manual reviews.
Here’s three key reasons why manual reviews are best avoided.
We’re delighted to announce we now operate in 177 countries! Yes that’s now 91% of the world. From Aruba to Australia, Iceland to the Ivory Coast, St Vincent and The Grenadines, and all the way to Papua New Guinea. Our solutions reach where others don’t.
The Hello Soda KYC (Know Your Customer) and AML (Anti-Money Laundering) solutions are truly global. We’re proud that they’re being used across a wide range of sectors, right across the world, every single day.