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
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
IdentityMind Awarded New Patent For Using Social Networks Analysis to Deliver Higher Accuracy on Sanctions and PEP Screening
Key Patent Uses Digital Identities and Social Networks To More Accurately Detect Sanctioned and PEP Individuals and Reduce the Burden of Operational Compliance IdentityMind, Digital Identities You Can Trust, today announced that the U.S. Patent and Trademark Office...read more
IdentityMind Highlights 2018 Market Success: Explosive Growth in a Defining Year for the Digital Identities Market
PALO ALTO, CA., January 15, 2019 - IdentityMind, Digital Identities You Can Trust, today announced 2018 highlights that underscore IdentityMind’s immense client-base growth for its Digital Identities Platform and flagship risk management and compliance-focused...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?
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.