Streamlining Know Your Customer processes to ensure compliance and mitigate risks.
Know Your Customer (KYC) is a critical process for financial institutions and other organizations to verify the identities of their clients and assess their potential risks. This process helps prevent money laundering, fraud, and other financial crimes. KYC involves collecting and verifying customer information, such as identity documents, addresses, and financial history. Automating KYC processes using advanced technology not only improves efficiency but also reduces the risk of human errors. An effective KYC program is essential for maintaining regulatory compliance, safeguarding against financial crime, and fostering trust between organizations and their customers.Explore the vendors and technologies available in the KYC category here on RiskTechRadar.
Bankers Almanac, offered by LexisNexis Risk Solutions, provides critical insights into financial institutions and global banking networks. The platform offers comprehensive data on correspondent banking relationships, regulatory risk assessments, and institution-level compliance requirements.
Bridger Insight by LexisNexis Risk Solutions is a comprehensive compliance, risk mitigation, and due diligence platform designed to help organizations meet their regulatory obligations while minimizing operational complexities. Primarily serving financial institutions, insurance companies, and other...
Sumsub's Business Verification, or Know Your Business (KYB), streamlines the process of verifying corporate entities to ensure compliance with Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. The solution aims to help customers verify counterparties, reduce the...
Fenergo's Client Lifecycle Management (CLM) software provides a comprehensive approach to managing client data and compliance from onboarding through the entire client journey. It ensures regulatory assurance by offering enterprise-wide standards for KYC across multiple jurisdictions, enabling finan...
Fenergo CLM for Salesforce combines the capabilities of the leading Client Relationship Management and Client Lifecycle Management solutions to digitalize the entire client lifecycle process. It enables financial institutions to transform client experiences, achieve greater operational efficiencies,...
ComplyAdvantage's Company Screening solution simplifies due diligence processes by automating the screening of businesses against global watchlists, sanctions databases, and adverse media sources. Designed to meet stringent regulatory requirements, this solution ensures organizations can quickly and...
ComplyAdvantage's Customer Screening solution streamlines the process of identifying high-risk individuals by automating checks against global watchlists, PEP databases, and adverse media sources. This solution ensures compliance with know-your-customer (KYC) and anti-money laundering (AML) regulati...
DataWalk is a comprehensive analytics platform designed to integrate and analyze vast amounts of data from disparate sources. It combines advanced analytics, including graph analytics, AI, semantics, machine learning, and OLAP, into a unified environment. This integration enables organizations to di...
Quantexa's Decision Intelligence platform enables organizations to make informed, data-driven decisions by uncovering hidden insights within their data. Leveraging advanced artificial intelligence and machine learning algorithms, the platform integrates disparate data sources to create a single, uni...
LexisNexis Risk Solutions' Existence platform provides advanced verification tools to confirm the legitimacy of businesses and individuals. By leveraging global data sources and proprietary analytics, the platform identifies discrepancies, detects potential risks, and ensures compliance with regulat...
Facctum's Customer Due Diligence solution, branded as FacctCheck, simplifies and accelerates the KYC process by automating data sourcing and providing real-time event monitoring. This innovative solution enables institutions to shift from reactive KYC approaches to a proactive, perpetual KYC ecosyst...
Facctum's Customer Screening solution, branded as FacctView, is an agile, fast, and highly accurate platform designed to simplify and strengthen customer onboarding and compliance processes. FacctView allows organisations to screen customers against global watchlists, PEPs (Politically Exposed Perso...
Feedzai's KYC solution streamlines the customer verification process by automating checks against global databases, including sanctions lists and PEP records. The platform ensures compliance with KYC regulations while minimizing onboarding friction for legitimate users. With advanced anal...
Firco Compliance Link from LexisNexis Risk Solutions is a comprehensive, centralized compliance screening solution designed to help financial institutions and other regulated organizations effectively detect, manage, and mitigate risks related to sanctions, money laundering, terrorist financing, and...
Hawk:AI Customer Screening solution ensures compliance with regulatory requirements by screening customer data against global sanctions lists, politically exposed persons (PEP) records, and adverse media sources. The platform leverages advanced machine learning algorithms to perform real-time risk a...
Hawk:AI Entity Risk Detection solution empowers organizations to assess and monitor risks associated with entities such as customers, suppliers, and counterparties. By leveraging advanced analytics and machine learning, the platform evaluates entity behavior and relationships, identifying anomalies ...
Kharon Core is Kharon's primary offering and platform, designed to help organizations navigate and mitigate complex compliance and security challenges. At its core, the platform uses a proprietary Dynamic Exposure Scoring methodology to identify and quantify exposure to various risks. By providing c...
iDenfy's Know Your Business (KYB) solution is an all-in-one business verification service that streamlines the onboarding of corporate clients and verification of shareholders' data. The platform provides automation rules, audit logs, activity history, automatic manager rotation, email templates for...
Fenergo's Know Your Customer (KYC) solution ensures compliance with local and global KYC requirements by providing pre-packaged data, document, and ownership rules across over 120 jurisdictions. It streamlines operational efficiencies through seamless integration with leading data, ID&V, and screeni...
Sardine's KYC (Know Your Customer) and KYB (Know Your Business) module streamlines the verification processes for individuals and businesses, ensuring compliance with regulatory requirements and mitigating risks associated with financial crimes. The module automates the collection and analysis of cu...
NetReveal Customer Due Diligence (CDD) by SymphonyAI streamlines Know Your Customer (KYC) and CDD operations using AI-driven name screening. It removes customer friction points, reduces false positives by 50%, and captures genuine risk through flexible list integration and real-time screening agains...
Orbis for Compliance by Moody's is a global database that provides extensive information on companies worldwide. It supports compliance efforts by offering detailed corporate profiles, ownership structures, and financial data, facilitating thorough due diligence and risk assessment. The platform int...
The Oscilar Platform is an AI-driven risk decisioning solution designed to help financial institutions manage onboarding, fraud, credit, and compliance risks. It offers a no-code, natural language interface, enabling risk teams to operate autonomously, increase approval rates, and reduce fraud. The ...
PassFort Lifecycle by Moody's is a compliance automation platform that manages the entire customer lifecycle, from onboarding to ongoing monitoring. It facilitates Know Your Customer (KYC) and Anti-Money Laundering (AML) processes by automating data collection, risk assessment, and due diligence. Th...
Prove Identity Manager™ is designed to optimize consumer servicing by enabling businesses to manage and verify customer identities seamlessly across various channels. It leverages phone-centric identity data to ensure that interactions are secure and frictionless. Key features include: - *...
Prove Pre-Fill® is designed to streamline the digital onboarding process by auto-filling forms with authenticated identity data linked to a user's mobile phone number. This approach reduces the time and effort required for new account openings, leading to higher conversion rates and lower abandonmen...
Prove Pre-Fill® for Business extends the capabilities of Prove Pre-Fill® to the onboarding of business clients. It authenticates business owners and provides verified consumer and business information, facilitating a smoother application process with reduced friction. This solution is particularly b...
The Real Identity Platform by Onfido is a comprehensive identity verification and authentication solution designed to enhance trust and security in digital interactions. By combining document verification, biometric analysis, and real-time data validation, the platform ensures that users are who the...
TRM Know-Your-Entity (KYE) is a comprehensive solution designed to help businesses and compliance teams assess the risk profiles of Virtual Asset Service Providers (VASPs) and other entities operating in the cryptocurrency ecosystem. The platform provides detailed insights into an entity’s complianc...
Udentify by Fraud.com is an advanced identity verification platform that utilizes AI-driven facial and voice recognition, paired with passive liveness detection, to confirm user identities securely. This solution is ideal for businesses that require robust Know Your Customer (KYC) processes during a...
World-Check by LSEG Data & Analytics is a comprehensive risk intelligence database designed to assist organizations in identifying and managing financial, regulatory, and reputational risks. It provides structured intelligence on politically exposed persons (PEPs), sanctioned entities, and individua...
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