KYC – verification of a bank client

Automatic identity verification

Automating the KYC process will let you confirm your clients’ identities quickly and precisely, in addition to efficient performing of the required verification procedures, such as e.g. video verification, checking in databases and registers, verification transfers or analysis of delivered documents. Flexibility and broad integration possibilities of integration enables our solution to easily connect to bank systems and external sources. With an aid of automatic identity verification you can reduce the time needed to process applications and increase conversion.

Updating personal data

Client data should always be up-to-date, both due to regulatory requirements and service comfort. In order to verify their correctness, deliberate supervision is required, that is why an employee initiates the need to confirm or update information. The system supports this process while facilitating communication with the client and automating the collection of necessary data. As a result, the risk of errors may be minimized and team work improved.

Statement of the origin of property

Compliance with AML (Anti-Money Laundering) regulations also necessitates that banks gather information on the origin of their clients’ properties. If this process is automated, the procedure is simplified through digital forms which may be filled out by your clients in a matter of minutes.

Monitoring of client transactions

Our solution allows you to check data in a comprehensive manner in line with AML standards. As a result, banks can eliminate the risk of actions that are contrary to law as part of the services they perform. It supports specialists who detect suspicious transactions and identify potential inconsistencies. It enables analysts to initiate additional verification and direct communication with a client through the application, thus facilitating the process of clarifying inconsistencies. As a result, compliance teams may quickly react to atypical behaviour patterns, ask clients precise questions and manage risks more effectively.

Tax residence verification (FATCA/CRS)

International requirements such as FATCA and CRS oblige banks also to collect and report information on their clients’ tax residence. Our solution will allow you to collect data faster, to verify their correctness and to generate the reports that are needed.

Transparent access to KYC data

Clients should have full control over their data. Our solution provides them with easy insight into the information they have provided, as well as documents and a record of their statements. Clients can also access information on the stage of verification on a regular basis which ensures full transparency of the process.