Define: Know your customer?
The know your customer or know your client (KYC) guidelines in financial services requires that professionals make an effort to verify the identity, suitability, and risks involved with maintaining a business relationship. The procedures fit within the broader scope of a bank’s Anti-Money Laundering (AML) policy. KYC processes are also employed by companies of all sizes for the purpose of ensuring their proposed customers, agents, consultants, or distributors are anti-bribery compliant, and are actually who they claim to be. Banks, insurers, export creditors and other financial institutions are increasingly demanding that customers provide detailed due diligence information. Initially, these regulations were imposed only on the financial institutions but now the non-financial industry, fintech, virtual assets dealers, and even the non-profit organizations are liable to oblige.
Top KYC (Know Your Customer) Companies and Solutions
This article showcases Threat.Technology’s top picks for the best KYC (Know Your Customer) solutions. We selected these companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Microblink is an R&D company that develops AI-powered solutions that automate personal data entry in mobile and web apps by using camera input. Their SDKs & Web APIs extract data from various types of IDs, passports, travel visas or credit cards to automate data input and minimize manual work.
Microblink’s off-the-shelf products solve real-life problems and are optimized for easy integration into any app. They bring great UX to all major verification or biometric solutions.
Microblink’s solutions improve existing KYC processes and contribute to lower fraud rates in numerous industries.. .
Fraudsters have no place in today’s digital economy. To protect against fraud and financial crime, businesses online needs to know that their customers are who they claim to be.
But Jumio believes good customers shouldn’t be bothered with identity verification solutions that slow them down. Jumio uses the power of informed AI, biometrics, machine learning, and certified liveness detection to help you rapidly convert more customers, stop fraudsters from infiltrating your online ecosystem.
Jumio also helps organizations meet regulatory compliance including KYC, AML and GDPR and has verified more than 225 million identities issued by over 200 countries and territories from real-time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, digital currency, retail, travel and online gaming sectors..
The company develops and implements solutions that automate the capture, authentication, validation and generation of digital records of identifying documents such as Passports, identity cards, driving licenses etc. AU10TIX solutions act as Secure Customer Enrollment Gateway that help detect ID fraud and enable effective KYC compliance; replace slow, error-prone and costly manual processing; speed up customer processing and increase volume handling capacity, reduce work, material and logistics costs of papaer-based rec.ord management; and boost efficiency across CRM and risk management operations.
The company’s applications were originally designed for sensitive environments such as airports and secured facilities. AU10TIX later diversified into regulated commercial and public services markets like financial services, telecom, car sales and rental, gaming etc..
Signicat is a digital identity service provider (DISP) and one of the leading providers of e-ID and e-signature solutions in Europe. The company delivers online trust based services to the public and private sector globally.
The solutions fulfill operational capabilities in line with international standards and requirements, such as Privacy, Anti-Money Laundering (AML) and Anti-Terrorist legislation and regulations, as well as Know Your Customer (KYC) requirements for onboarding of new users. Signicat offers some of the most advanced solutions for electronic identity and electronic signatures.
The goal is to enable customers to do business more effectively by delivering great user experiences for the end users and at the same time reduce the risk by using advanced security technology. The Signicat solutions are used by banks and financial institutions, insurance companies, government agencies and large corporations as well as small and medium sized businesses.
Customers trust Signicat with the responsibility of authenticating users, providing electronic signing, identity proofing and document preservation. Banking grade SLAs are offered, matching customers need for scalability and reliability.
Signicat was founded in 2006 as Kantega Secure Identity, a spin-off from Kantega (www.kantega.no). It is owned by Secure Identity Holding (SIH), Viking Venture and the employees.
Signicat has offices in UK (London), Germany (Frankfurt), Netherlands (Amsterdam), Portugal (Lisbon), Denmark (Copenhagen), Sweden (Stockholm), Finland (Helsinki) and Norway (Trondheim and Oslo).. .
Fourthline is one of Europe’s fastest-growing fintech companies for digital KYC (know your customer). Trusted by banks and leading fintech companies, Fourthline verifies millions of identities for clients like N26, Allianz, Yolt (by ING), Bol.com, Flatex, DEGIRO, KPN and many more.
Fourthline is the only KYC provider with a proven end-to-end solution for bank grade KYC. We provide best-in-class fraud detection at industry-leading conversion and compliance levels.
Our mission is to protect the online financial system by using the most innovative technologies to develop the safest and most customer friendly digital KYC solution. We share a love for fighting financial crime and building a beautiful product with a positive impact on the world.
Fourthline is part of Safened-Fourthline BV which is regulated as a Payment Institution by the Dutch Central Bank and the Financial Conduct Authority. Our executive team has a combined experience of >80 years at top banks and consultancy.
Investors include Finch Capital and various angel investors. Founded: 2017.
First product launched: January 2018. KYC, onboarding, fintechs, banks, AML4, AML5..
Fraud.net is the leading fraud prevention platform for digital enterprises in the e-commerce, travel and financial services sectors. Its unified algorithmic architecture combines: ● AI & deep learning, ● Collective intelligence, ● Rules-based decision engines, and ● Streaming analytics to detect fraud in real-time, at scale.
Fraud.net is the only cloud-based “glass-box” system, offering a full and transparent presentation of the data, statistics and contextual variables to help organizations simultaneously reduce risk and optimize business processes. Enterprises can simplify their fraud management, defending against different types of fraud through one unified solution.
The solution covers many use cases, including: ● Account Takeover ● Application Fraud ● Call Center Fraud ● Chargeback Protection ● Collusion ● Gift Cards & Rewards ● “Friendly” Fraud ● Insider Threats ● KYC & AML ● Loan & Credit Fraud ● Mobile Fraud ● Omnichannel Fraud ● Payment Fraud ● Return Fraud ● Synthetic Identity and much more. Please call or visit us at fraud.net to arrange for a free consultation..
Alloy is a developer of an identity verification platform used to check frauds and make identity management effective and simple for banks and financial institutions. Alloy is an API for regulated companies to collect and manage customer data from many different sources.
It also engages in helping financial institutions and FinTech companies solve identity and compliance problems. The service allows banks and FinTechs to make better risk and identify decisions, using a single API and dashboard to manage AML, fraud, KYC, and more.
The company also offers an API to help financial services companies access various aggregated identity databases and a dashboard through which to organize and analyze customer onboarding data. It also helps to improve customer conversion through the compliance funnel, reduce risk and fraud, and speed up previously manual back-office processes.
Alloy was founded in 2015 and is headquartered in New York.. .
iSignthis LTD provides online businesses from around the globe, with transactional banking, IBAN account issue, money services and a complete customer onboarding solution from remote identity verification to payment processing and deposit taking services. ISX is a principal member of Visa, Mastercard, JCB, CUP/UPI, AMEX, Diners Club and Discover.
Its Probanx division provides other banks, credit unions, neobanks and money institutions with CORE Banking and CORE Networking software, and currently services over 25 banks in the EU, Switzerland, UK, Hong Kong and Australia. .
norbloc’s platforms tackle the biggest problems around Know-Your-Customer compliance; lack of digitization and duplication of efforts within and across institutions. Sancus, norbloc’s digital onboarding platform, allows institutions to aggregate data sources and service providers in one portal and use its advanced workflow to collect and validate customer data in a fully digital manner.
Atlas and Fides platforms employe digital ledger technology to allow owners of KYC data to share it between institutions and institutions to mutualize efforts in validating it as well as monetize on those validation efforts. Financial institutions can achieve savings exceeding 50% on their current KYC compliance budget.
All platforms are GDPR compliant document storage and sharing platforms for the governmental and health industries.. .
Passfort has developed a turnkey compliance platform designed to automate the collection, verification and secure storage of customer due diligence (CDD) data and documentation. Their software delivers a seamless onboarding experience for both customers and compliance teams that can be tailored to automate their Know Your Customer (KYC) processes.
They take a risk-based approach to onboarding and their software optimises each individual’s onboarding journey according to their perceived level of risk.. .
Famoco provides a secure ecosystem allowing organizations to deploy their business applications quickly and seamlessly. Famoco designs corporate-owned devices with zero-street-value, based on a privacy-oriented Android OS for Enterprise, remotely manageable from one SaaS platform.
It facilitates the application deployments and secures data capture for mobile payments, public transport, and identity verification (KYC) and mobile workforce management. Organizations can configure device profiles, push apps, track their location and add custom branding from a Famoco MDM.
Today, Famoco is expanding worldwide and has deployed more than 250,000 devices in over 35 countries.. .
AimBrain uses anomaly detection, behavioural biometrics and three active biometric authentication modules to prevent fraudulent or abusive account creation, detect account takeover and provide the necessary step-up user authentication for liveliness detection to comply with KYC, AML, PSD2 and other regulatory requirements. In May 2018 it launched AimBrain On Demand, a free-for-life dashboard for developers and innovators, including 1,000 free facial, voice or video/audio API calls a month, making stronger authentication free for everyone.
It has a unique, 100% proprietary portfolio of passive and active modules, underpinned by patented processes and ensemble learning, which detect the fraud other solutions can’t. Clients include Tier 1, digital and P2P banks, wealth managers, cloud service providers and tech/fintech organisations..
Validated ID helps businesses bring security, trust, efficiency and legal compliance to customer identity verification and agreements in digital environments. With ViDSigner, it offers a SaaS multichannel eSignature platform that combines the security of cryptographic technology, biometrics and to cover all use cases.
With ViDChain, it provides a decentralized self-sovereign digital ID solution based on blockchain targeting on-boarding and KYC procedures. The company was founded in 2012 and is headquartered in Barcelona, Spain..
Trusted Key provides consumers and organizations with a secure digital identity solution. It offers financial institutions with secure and frictionless KYC solutions, password-less authentication systems, and enhanced document signing procedures.
Trusted Key aims to enable an Open Identity Network where users control their own identity using their mobile phones and securely interact with governments, banks, retailers, universities and others. Users are able to securely log in to apps and services without the use of passwords, bring online their definitive identity credentials in order to verify their identity as and when needed, protect themselves for identity theft-related fraud and access advanced services.
It was founded in 2016 and was acquired by cloud software firm Workday in July 2019.. .
4Stop is creating a one-stop solution for enterprise level KYC, compliance and anti-fraud to empower your business to grow with confidence. 4Stop brings together trusted information, managed services, technology and expertise, an unrivaled combination that will empower your business to make well-informed decisions to confidently manage regulatory risk, while providing you with tools to make proactive decisions and action change that will accelerate your business performance.
They believe in innovative access to KYC validations that simplify compliance, regardless of regulatory requirement updates, whilst protecting against fraud. Allowing businesses to grow their business around the globe with confidence.
The 4Stop platform has been developed with a full understanding of compliance needs locally and globally, today and in the future.. .
Keyp unites 100+ identity solutions, 50+ partners and 10+ technology partners in their ecosystem: established and existing authentication, identification and integration solutions. All of these solutions can be accessed and compared in one place: the Keyp Marketplace.
Inside Keyp’s platform, enterprises & organisations can simply choose the solutions and configure & publish their digital accesses via drag & drop in real-time through Keyp’s Identity Platform. This is possible through providing enterprises with a KYC-SDK that can be easily integrated with their existing IAM systems or identity standards.
Keyp is based on an open, decentralised and patent-pending identity framework.. .
IDenfy is an online identity verification company, helping to reduce frauds and makes business smoother and more profitable. They created their product to help businesses comply with AntiMoney Laundering (AML), Know Your Customer (KYC) rules and support electronic identity verification requirements (eIDV).
IDenfy goal is to turn your customer’s smart-phone (iOS and Android) or computer into an ID scanning terminal that makes it fast and easy to capture and verify their ID and other credentials to meet KYC requirements. Real-time ID scanning and verification is applied on websites and mobile applications helping reduce risk and minimize fraud for online transactions..
Ensygnia’s solutions sit at the heart of shopper interaction. The Ensygnia platform delivers integration Platform as a Service for large payment companies and corporations who value speed and simplicity for customer journeys as much as regulatory compliance and security.
This provides the simplest, fastest and most secure omnichannel interaction and purchasing experience. The platform enables market leading companies to rapidly deliver Value Added Services for omnichannel.
This is a full-service, integrated suite of best of breed third-party services. It includes integration with over 350 different payment providers and methods global.
But capabilities extend well beyond payments into: identity validation, KYC, AML, Authentication, Biometrics, PSD2, SCA, GDPR, Data Validation, Data Enrichment, POS, PED, eCommerce and other systems. Ensygnia’s flagship product Onescan enables any call-to-action to become an instant action.
This delivers beautiful simplicity, allowing consumers to interact securely online, in-store, or on-the-go. Whatever you need to do, you can with Onescan.
All flows, automations and CX / UX are fully customisable and dynamically brandable in real-time. The company holds a globally granted patent portfolio forming the definitive standard for secure QR code payment & login.
Fortress Identity provides Authentication As A Service via an advanced Digital ID Verification and Biometric Authentication platform. The Digital ID Verification supports 195 countries and provides AML/KYC data from multiple providers and the Biometric Authentication provides advanced facial recognition (live/image/passive), voice recognition (phrase based and free speech).
The platform is low code, easy to implement, cost effective, unified, omni-channel, and can be delivered via SaaS, Managed Care, or On Premise.. .
InVOID has one of the most robust systems to read and validate KYC documents in the Indian market. Our AI driven platform is device agnostic, vernacular, flexible and is extremely easy to integrate.
We have a market leading National ID card OCR which works on all types and formats of National ID cards. Our core focus is to provide a winning customer experience for the everyday Indian user without compromising on KYC & Security.
Acuant provides Identity Verification to instantly reduce fraud and increase revenue while providing a seamless customer experience. Product offerings include data capture and auto-fill, document authentication, and facial recognition software.
Intelligent engineering covers regulations such as KYC, AML and PII. Acuant partners with start-ups, Fortune 500 and FTSE 350 organizations in all industries including Government, Financial, Healthcare, Hospitality and Security..
Berbix is a developer of an identity verification software to verify photo IDs online. The company’s instant ID checks provide platforms with reliable ways to verify age, fight chargebacks, enhance KYC, and deter marketplace fraud.
Its platform includes features like simple integration and easy customization to choose verification type along with programmatic access in order to securely fetch user’s data that enable businesses to prevent low-intent or fake signups while also catching typo errors. Founded by the former product and engineering leaders for Trust & Safety at Airbnb and backed by Y Combinator and Initialized Capital, Berbix sits at the intersection of identity and fraud.
They take an industry-specific approach to help customers customize and control the way they fight fraud through scalable hosted tools. The company was founded in 2018 and is headquartered in San Francisco, California..
MyDocSafe is a secure client portal and compliance dashboard for a secure client and employee onboarding. They help professional services firms sign up their clients in a fast, secure and client-friendly way helping them cut cost and improve quality of service.
Their workflow orchestration engine combines electronic forms, electronic signature, KYC/AML checks, payment processing, and automated document distribution and archiving. MyDocSafe was founded in 2013 and is headquartered in Bedford, UK..
The current global infrastructure for identity (KYC, AML/FCT) checks is inefficient, repetitive and cumbersome. Ensuring compliance often means considerable delay, with significant costs for service providers and deep frustration for genuine would-be customers.
The issue is especially challenging for global firms that have to meet diverse compliance regulations in the various jurisdictions they operate in, where, in extreme cases, it can delay verification by up to 30 to 50 days. As a result, genuine clients experience frustration in securing the services they desire.
All too often KYC & AML requirements also serve to reinforce social exclusion of citizens and hinder integration efforts by reducing, or effectively even blocking, access to basic services such as the ownership of a bank account. It is calculated that up to 165 million people in Europe, including 40 million within the EU, still lack access to formal financial services, while the high cost of verification of Personally Identifiable Information (PII) for new migrants is prohibitive.
Many people are unable to receive benefits from the government digitally, including social security, basic health care, and even education. Lack of identification is particularly a hindrance to legal migration to other countries, and to receive remittances internationally through formal channels.
KnowMeNow is committed to addressing these problems, harnessing the power of the blockchain to deliver more efficient, more secure and more reliable ways of verifying and sharing data. Our solution has the ability to greatly reduce current delays, costs, and duplication of effort, that may be caused by clients having to repeatedly produce information for verification purposes, every time a user attempts to secure services with new providers across many different sectors..
WalliD is the global protocol for certified identity document transactions. WalliD allows users to encrypt and store their identity documents in their Ethereum wallets and enables safe and fast validations on the web to online services with Know-your-customer (KYC) requirements or subscription features.
The protocol supports Certification Authorities (CAs) and digital certificates issued through public key infrastructure (PKI). This architecture ensures that all ID documents stored in users’ wallets have a digital certificate issued by a reliable CA and that online services have a trustless way to validate them..
Matchupbox proposes Digital Identity and Personal Data services around its PikcioChain, a proprietary modular permissioned-based blockchain, After three years of R&D, the PikcioChain creates an intelligent, secure and unique transactional eco-system. Based on the data exchanged or collected, the smart contracts developed by MatchupBox perform on demand specific tasks (payment, renewal, upgrades, supports, product and services search and booking.) By exemple, KYC process costs more than $10 Billion a year to US banks.
MatchupBox builds an eco-system to facilitate on-demand, secure access to Personal Data and Digital Identity via its PikcioChain, so background and personal information verification checks no longer needed to be undertaken from the ground up every time. This reduces the overall cost of KYC, remove inefficiencies, enhance security and privacy, improving customer experience..
Fractal is a KYC/AML platform delivering fast and accurate global verifications at a conversion rate 40% higher than the industry standard. It offers a fully compliant KYC/AML onboarding process with a focus on usability, enabling a wave of emerging global Fintechs in building a truly global userbase.
It was founded in 2017 and is headquartered in Berlin, Germany.. .
Scanovate has developed an all-in-one, Cyber Identity platform that makes compliance and KYC simple and secure by automating and customizing front and backend processes. We provide a holistic, frictionless client onboarding solution from the front end while managing all your KYC risk and compliance checks from the backend.
Each of our solutions are flexible and can easily be adapted to or implemented in any environment. With the ever-changing demands of the regulatory landscape, it is difficult for a financial institution to become truly and fully digital, especially with legacy systems and stringent compliance processes of customer on-boarding.
Our customers need to cut time and costs, and our kyc360 can equip them with those abilities. We have built an open comprehensive platform designed to integrate with ISVs that enrich our solution and offer added value to our clients in one localized place, for example providers of video chat, transaction monitoring, or even voice and behavioral biometrics.
We also aggregate and normalize KYC data from top tier 3rd party providers like Thomson Reuters, GBG, RDC to generate one unified compliance report.. .
Chekk helps businesses by providing seamless on-boarding solutions, accurate verification services, and on-going interaction capabilities. Chekk is your one stop shop to manage your Digital Identity, AML (Anti Money Laundering) and KYC (Know Your Customer) journeys.
Their corporate clients receive validated and up-to-date Digital Identity and KYC information in a fully automated fashion, providing the right means to be fully compliant with internal policies and regulatory requirements. It is also a great tool for businesses to improve their customer experience for on boarding and data exchanges.
Chekk integrates social networks, bank systems, data verification and web services through its web portal and mobile app.. .
AUTHADA revolutionizes existing identification processes using the eID of the identity card and the NFC interface of the smartphone. This allows the transmission of your customers identity within seconds, based on sovereign master data.
The users can increase their customer base in a short period of time via the mobile, uncomplicated and fast legitimization. For the markets banking, insurance, eGovernment, eHealth and eCommerce additional identities are available online in the Know Your Customer (KYC) area, in line with anti money laundry legislation..
Positiverse focuses on blockchain solutions implementation, especially for identity management and privacy protection areas. We are helping our customers succeed by applying the blockchain technology to optimize their business operations.
• If you are FinTech building your future on PSD2 but having problem with KYC or thinking how to improve your customer onboarding process, • If you are a bank or other financial institution who wants to find the most appropriate way to use distributed ledger technology (DLT) for the AML compliance, transactions management, cards and mobile payments or daily operations; • If you are marketing company or mobile operator who would like to implement GDPR regulations, • If you are one of the government institutions who have to follow eIDAS rules or want to integrate blockchain with smart contracts into existing systems, we are the one you are looking for.. .
Safe Banking Systems
Safe Banking Systems (SBS) has been thinking ahead of the risks to combat financial crime and find the “bad guys.” SBS is a specialist provider of anti-money laundering and compliance solutions to the financial services and other industries. Their mission is to help clients identify and monitor risk across the enterprise to protect their financial assets and reputations while ensuring full compliance with the USA Patriot Act, OFAC and BSA.
SBS is a privately owned company with a dedicated staff of professionals who are committed to the success of every client they serve. SBS experts with extensive domain expertise and unique data mining techniques isolate anomalies in very large databases to arm institutions with actionable intelligence.
SBS provides clients with the software and human capital necessary for fail-safe AML and compliance solutions . Enhanced KYC and EDD ensure better governance, risk and compliance.
As seen in their Rogues Gallery , SBS’ solutions yield profound results.. .
Sphonic is a London based digital risk management business, which has developed a suite of products designed to address the on-going demands of the fast-moving digital environment. The solutions it provides are: • Workflow Manager (WFM) – an AML/KYC/KYB, risk management and Authentication platform with access to over 60 3rd party data sources through a single API.
• Metrics UI (MUI) – Sphonic’s Metrics User Interface takes a direct feed from the real time WFM in order to provide efficiency in DevOps and Fraud teams. It enables customisable views and reports to assess performance, risk management targeting and other reporting features.
• AML Manager – an Anti-Money Laundering transactional management tool that provides a case management solution to identify and review potential AML activity, as part of a single customer view. WFM is the core solution used by a number of Sphonic’s clients both in Europe and the United States.
Sphonic created WFM given the innovation around digital risk management is constantly evolving, making the role of the end-user/buyer of such services a challenging one. Navigating through the complex 3rd party vendor market can be a constant battle, which Sphonic helps to solve through its platform with its connections to numerous products across the globe.
This means that Sphonic can provide a ‘one stop shop’ for a range of KYC/KYB/AML, fraud prevention and authentication needs. Most importantly, WFM is configured as a bespoke solution for the end client – so the end solution is specific to their unique challenges rather than a ‘black box’ approach which the client can’t comprehend or control..
Trustdock is a platform for identity confirmation API service in Japan. You can outsource KYC / identity confirmation via online API, complying with various laws including criminal profit transfer prevention law, antique sales law, cell phone fraud prevention use law etc.
It can be used with any ID service regardless of business type, such as matching to FinTech, shared eco, etc.. .
Gataca is an MIT-born cybersecurity company that provides Decentralized Digital Identity technology to enable 1-click digital onboarding experiences, KYC compliance and data protection. The company helps users take back control over private information and seamlessly authenticate in digital services.
For companies, GATACA offers single-sign-on authentication tools to cut the time, manpower and cost currently needed to comply with KYC, while drastically improving the user onboarding experience. The company, that combines the extreme security of government-issued electronic certificates with the simplicity and global reach of a single-sign-on button, aims to build a user-centric digital identity layer for the Internet..
FRSLABS is an award-winning research and development company specialising in identity verification and fraud prevention solutions for consumers and businesses. Their goal is to bring a billion people into to the financial system by allowing them to sign up for services and verify their identities without friction or barriers.
Their all-in-one customer onboarding and fraud prevention platform – used by major Banks, Insurance and Telcos – allows businesses to create assisted and unassisted video KYC flows that lets customers provide their identity details over a video call which is then verified seamlessly. Their solution – available in several languages – allows document OCR, face liveness checks, face matching, document verification and data validation against global databases to verify customers on the go.
FRSLABS has filed for five patents and is an ISO 9001:2015 and ISO 27001:2013 certified company. FRSLABS has been recognized at numerous fintech conclaves globally.
Blockchain HELIX AG
Blockchain HELIX digitize identities for maximum trust and security on the internet. It is a European digital identity ecosystem that gives people and companies a digital identity by revolutionizing onboarding processes for them.
Each member has its own helix id that is trusted through the network of Trust Providers like banks, insurance companies and eGovernment.
The business model is related to the KYC process with an enormous revenue potential.
myEGO2GO is a user-centric digital identity management platform (SSI) leveraging blockchain technology to re-use verified data. myEGO2GO creates a secure and private space in which the user can organize, structure and share data – all in one place.
With myEGO2GO you can securely manage the entire user profile with only one connection. With our smart and sustainable onboarding approach, you can link the user data assets across ecosystems and services and thus eliminate data silos.
myEGO2GO makes digital identity more than just another eID or KYC process. Users can store and share a plethora of verified data assets through their private storage.. .
The Ohanae Asset Tokenization Platform is an institutional-grade technology platform for capital raising and secondary trading of alternative assets. The Platform allows companies to fundraise using equity tokens and combines the benefits of digital assets and traditional financial contracts.
The Ohanae platform is a turnkey solution that provides fast transaction settlement, KYC verified self-sovereign identity, password protection, secure file sharing, stablecoins for settlements, primary issuance and secondary trading. For more information please visit: Ohanae.com..
SwiftDil is a next-gen RegTech that offers a global AML & KYC SaaS solution that won’t break the bank. Whether you are a small or a large business, our services will help you comply with the most stringent AML requirements as recommended by bodies such as the Financial Action Task Force (FATF).
Our industry-leading API and simple-to-use Web Portal will empower you to build simple, yet comprehensive risk-based AML frameworks.. .
Covery is a global risk management platform helping online companies prevent fraud, mitigate risks, and grow revenue. Covery was created in 2016 by the team of talented risk managers and data scientists with 10+ years of experience of risk mitigation in low- and high-risk industries.
The main idea was to develop a simple tool that can cover all business needs from chargebacks prevention to AML / PEPs screening. With Covery, our customers can create a specific risk logic that analyzes the connections among locations, devices, identity, and behavioral patterns throughout the whole funnel from Registration and to the Transaction and Payout step.
We work with: Dating iGaming Payment Service Providers eCommerce and 19+ more industries Business issues that can be solved with Covery: regulatory compliance, responsible gaming, KYC&KYB procedure automation, transaction analysis, risk management, chargeback mitigation, payment fraud, account theft, device emulation, and many others.. .
C6 Intelligence Information Systems Limited (“C6”) is a leading provider of global intelligence information on both individuals and companies through the C6 Database and bespoke research projects. C6’s solutions are designed to enable clients to take a risk-based approach to managing fraud, money laundering and staff compliance risks.
By taking data direct from multiple sources, including financial, regulatory, governmental, and media – C6 is able to assess potential areas of risk to their clients, and monitor for new risks, to avert potential problems before they arise. The company was founded in 2004, by bringing together experts with first-hand experience of criminal and fraud investigation in both in the public and private sector, with a research team with strong AML credentials and in-depth country knowledge spread across the globe, and an IT team focussed on providing innovative solutions to the issues of processing, managing, and accessing data on individuals and businesses, and the inherent risks that may be associated with them..
We are creating a suite of products around a WYSIWYG form builder called Intake that helps operations managers implement killer document collection and processing workflows. Passports can be fed to KYC verifiers, purchase orders can create approval requests, and DocuSign becomes a streamlined step in your onboarding flow.
Files end up in predictable and safe places such as Box.com, and people can see where they are in your intake process if you enable their dashboards.. .
With an increased need for contactless digital solutions, organisations are looking for optimum means to facilitate business growth through authenticated and verified identity management. uqudo offers next generation AI-powered trusted Identity as a Service.
We enable seamless incorporation of essential onboarding functions whilst aiming to eradicate identity fraud by providing the addition of a secure trusted identity layer. Understanding the need for change, we address evolving business requirements whilst adhering to country-specific rigorous KYC, AML and CDD specifications.
With a proven framework for organisations, uqudo has created an ecosystem to provide an agile environment for functional business processes. We are connecting millions of users, apps and devices with our award-winning platform providing passwordless strong authentication and verification solutions..
Mooti is the new standard for cryptographic identification and validation. Based on their identity chain technology, Mooti aims is to deliver a self-sovereign identity, which is privacy preserving and secured via advanced cryptography and blockchain, built for multiple industries.
Mooti strives to advance digital behaviors within market-based economies and achieve cross-border interactions for assets by helping organizations push identity to the edge, improve cyber security and compliance (e.g., GDPR, KYC/AML, OFAC, SCIF) and help organizations achieve a roadmap to blockchain deployment and utility. The company operates and provides plug-n-play identity including a self-sovereign solutions and blockchain architecture solutions across four primary market verticals: Financial Services, Healthcare Technology, Sports & Entertainment, and Industrial Manufacturing.
The company works with corporate enterprises, governments, non-profits, and other disruptive startup companies.. .
Techsign is a document, identity & biometric verification & authentication company operating in Turkey since 2016. Our aim is to respond to the rising demand in the EMEA region with our products that we have developed in accordance with the local legislation and regional business expectations.
Our products are: (see here: http://techsign.com.tr/en/solutions.html) 1. Verifiable Biometric Signature & Forensic Software 2.
Techsign DOC Document Signing Platform 3. Know Your Customer (KYC) 4.
FIDO Biometric Authentication 5. Smart ID Card Verification.
IDcheck provides Biometric Identity Screening and a fully automated KYC solution (including Credit and Sanctions Checks, Proof of ID and Address) for 140 Countries. It is also the only platform to combine this with automated Pre-Employment HireFaster and Tenant Screening LetFaster solutions.
We allow companies to automate work flows, scale rapidly, meet regulatory requirements, smooth onboarding, improve the customer experience and generate significant cost savings. Registration includes Key-Based 2-Factor Authentication (2-FA) where the PIN is neither transmitted nor stored.
This ensures that if a device is stolen, login would fail after a few incorrect attempts and as the PIN is entered into a special keypad, even key-loggers could not detect the PIN. We avoid SMS verifications due to SIM-Swap Fraud and Social Engineering..
AdvanScreen is a regulatory-technology, KYC information aggregator engine that provides a complete solution with a user friendly interface that allows users to comply with “Know your Customer” requirements for businesses and organizations that are subject to anti money laundering and terrorist financing regime. AdvanScreen provides easy screening solutions for business service providers, money service providers, P2P, diamond dealers, and other regulated entities to conduct background check and screening the names of their customers against sanction lists and sources of public information.
It was founded on 2018 and is headquartered in Ramat Gan, Israel.. .
ZeroTolerance is your remote AML and legal department. We give all technical tools, bulletproof AML framework and dedicated team of experts to cover ALL your AML requirements.
Such a comprehensive approach allows us to provide the ALL-IN-ONE solution that no company in the market can provide. We are a global consulting firm with a headquarters in London, providing clients with compliance advisory services from offices in the UK, Singapore and Estonia.
Our team includes experts certified by ACAMS and ICA, the gold standards of AML qualification. We work with leading financial and regulated companies across fintech, payments, crypto, gaming, trading and other AML-regulated sectors..
With esignatur’s digital signature solution companies can send all types of documents digitally to customers, partners and employees and obtain an valid digital signature. The solution is based on national eID‘s such as the Danish NemID and Norwegian and Swedish Bank ID.
The solution is built with a scalable and international outlook. esignatur digitize and optimize processes around: – Signatures – Anti Money Laundry (AML) – Know Your Customer (KYC) – Secure distribution of sensitive data.
Entify has been created by KYC and AML veterans with the goal to establish a new level of service to tackle the legal and fraud environments that the world is stacking up against. Entify is taking care of the authentification and identification needs of any organization.
It serves 26 various ways for an organization to control the trustworthiness of any of its business partner or a customer, from the simple ID checks down to the complicated data sets which by default are not accessible due to the confidentiality of the data.. .
Jasoon has access to the identity documents of 4.2 billions people, included passports, driver licenses and national ID from 182 countries and can check AML and KYC in seconds. The service not just checks and verifys identity, it uncover deep connections throughout this data by using advanced AI functions out of the box.
It has a cognitive search and content analytics engine to identify patterns, trends and actionable insights that drive better decision-making.. .
With their experience and knowledge of every major piece of legislation pertaining to AML and Know Your Customer (KYC), and the due diligence processes KYC Cube has trained and certified over 1000 employees around the world working for financial services institutions, government agencies, law enforcement and AML consultants. Combined with their proprietary intellectual property of KYC data and screening technology, makes KYC CUBE™ the ideal partner for small and midsize companies to turn to for AML compliance solutions.
Their head office is strategically located outside of London, one of the world’s largest financial services districts and home to many foreign banks. Therefore, KYC CUBE understands the importance of having services and solutions that conform to local and international anti-terrorism and money-laundering standards, including, but not limited, to the following: – UK Money Laundering Regulations – 3rd/4th EU Money Laundering Directives – National AML programs – FATF 40 recommendations – USA Patriot Act – US Bank Secrecy Act – Foreign Corrupt Practices Act (FCPA).
This article was written by Benjamin Skute from Threat.Technology. The editor for this article was Tess Page. If your company is featured in this article and you want to have amendments made please contact us on: [email protected].
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