It’s no secret that in today’s constantly changing regulatory environment staying on top of current requirements and knowing exactly who you are dealing with at the end of each transaction is key. Key to fighting fraud, avoiding findings, fines from...read more
Companies that need help with regulatory compliance know they need it. They know that not being compliant is illegal, and they know that not being compliant may have an impact on their bottom line. They know that the cost of compliance can be high, both in terms of...read more
For the first time, bitcoin addresses have been added to an Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list On Wednesday, November 28, the US Treasury added two bitcoin addresses to the OFAC SDN list. For those not familiar, a bitcoin...read more
MO Tecnologías Enables Financial Inclusion Through Automated Onboarding Processes Powered By IdentityMind Digital Identities Platform
Platform Enables Identity Proofing and Automated Online Onboarding for Mexican Nationals Accessing Micro Loans Palo Alto, CA, March 14, 2019 – IdentityMind, Digital Identities You Can Trust, announced today that MO Tecnologías, the successful microloans FinTech in...read more
IdentityMind powers new plug-and-play AML service for Digital Currency exchanges with Know Your Customer (KYC) and Transaction Monitoring. PALO ALTO, CA, March 12, 2019: Koi Trading, an innovative OTC trading desk that provides private, efficient, and compliant...read more
North International Bank Ltd. Selects IdentityMind to Consolidate All of its KYC and AML Operations into One Platform to Meet Regulatory Requirements
From Initial Contact to Implementation in Less Than 30 Days PALO ALTO, CA., February 5, 2019 – IdentityMind, Digital Identities You Can Trust, today announced that North International Bank Ltd. (NIBank) has selected IdentityMind’s Version 2.0 SaaS-based platform to...read more
The KNOW Conference is where innovation and prevention happen. In an era of constant data breaches, fraud attacks, and Trust and Safety breakdowns, the need for collaboration, partnerships, and innovation is greater than ever.
IdentityMind supports your AML and fraud prevention needs across a range of solutions covering Know Your Customer (KYC), sanctions screening, anti-money laundering (AML) transaction monitoring, and chargeback detection. We help you ensure regulatory compliance and protect against fraud losses with our digital identities, providing the most complete picture of a customer’s risk.
Instead of analyzing entities and attributes of a transaction in isolation, IdentityMind builds and verifies identities and draws correlations with other entities and attributes such as shared physical and email addresses. We focus on answering four questions:
1) Is This a Real User?
2) Is the User Authorized to Use This Information?
3) Can I Do Business With This User?
4) What Is the Brand Risk of Doing Business With This User?
Our patented eDNA™ technology securely tracks the entities involved in each transaction (e.g. onboarding, account origination, money transfers, online payments, etc.) to build unique digital identity trust reputations. This reputation is anonymously shared between customers in IdentityMind’s Global Identity Network, giving you an edge over bad actors who often operate across multiple services.
With IdentityMind you can easily employ a risk-based approach, which is favored by regulators, and benefit from a user-focused process that reduces alert fatigue and speeds analysis. IdentityMind helps you automate risk and compliance functions by reducing the volume of alerts and improving remaining alerts, to facilitate meaningful investigations. The net effect is operational efficiency without compromising the financial safety of you or your customers.