KNOW YOUR CUSTOMER (kyc)
The Best KYC Solutions in One Easy-To-Use
KYC Compliance System Online
Know Your Customer (KYC) is not only a regulatory requirement, it’s an integral component to maintaining the integrity of our financial system, fighting fraud, money laundering, and more importantly for you, to fully comply with regulatory requirements, pass audits with flying colors and to maintain a sound business that can flourish and grow. You must always know who is on the other side of each transaction during the onboarding process and throughout the customer life cycle of your relationship with the client. Without a strong, efficient and evolving KYC, bad actors can conduct and implicate your business in terrorist financing, human trafficking, drug trafficking and other nefarious activities.
The good news is that IdentityMind delivers an industry-leading KYC solution that helps you stay compliant with regulations and beat the bad guys in the process. Our platform provides you with an automated customer onboarding experience that includes online real-time verification and identity proofing capabilities supported by IdentityMind’s largest digital identity database and a 30+ technology vendor ecosystem. IdentityMind KYC leverages our patented technology Electronic DNA™ (eDNA™) technology to build digital identities, machine learning and graph intelligence to understand the risk that entity presents. The result is a multi-layered KYC process that produces the most accurate results. And, leverage a risk-based approach that adjusts dynamically based on the risk of the identity, adding in additional KYC checks where needed to comply with customer due diligence (CDD) and enhanced due diligence (EDD) requirements.
IdentityMind helps you fight bad actors and streamline your compliance efforts, providing you with peace of mind.
Efficiently Onboard Customers
Tailor the onboarding experience for each customer with our user-centric risk-based approach. Our eDNA™ engine manages the process. It takes customer information assembles it into an identity, and verifies against our unique database of digital identities and through some of the 30+ vendors integrated into our platform. The IdentityMind platform then analyzes the information to determine the level of risk that that identity poses. It then provides you with a reputation score in real time so you can determine how to proceed.
Global Verification Coverage
Our platform has identity verification capabilities in almost every country. Combined with our patented eDNA technology it helps verify everyone you encounter including foreign nationals, the under-banked, and high-risk individuals such as politically exposed persons (PEPs) and individuals associated with known bad actors.
Reduce Your Risk
Identify the good customers you want to do business with and bad actors you want to avoid. Our eDNA™ engine assembles digital identities for each entity you do business with. Using graph intelligence, we create a reputation score that allows you to assess your risk exposure for quick decision making. See whether a user is associated with any bad actors or nefarious activities.
Stay Ahead of Regulations
Maintain a proactive compliance program, be ready for auditors, and stay prepared for stricter regulatory requirements. The IdentityMind platform’s flexibility enables you to be ready to respond quickly to new legislative developments. We allow you to request additional information or tailor your on-boarding form as needed per any new regulatory requirements.
KYC + DIGITAL IDENTITIES
Network of over 250 million + identities
- IdentityMind’s identity network helps you understand the risk of a particular entity before you do business with them
- Our patented eDNA creates digital identities and provides a risk score based on the provided attributes including name, address, phone, email etc.
Document Upload, Verification
- Upload documents and have them verified
- Proof identity data in real-time against the IdentityMind database and through our partnership ecosystem
- 30+ data services vendors, one API
- Verify various information such as name, address, phone, government issued ID, and much more
Real-Time Risk Scoring
- Machine learn uses templates per industry
- System updates customer risk profiles as it learns from the customers transactional history and activity
Automatic KYC Remediation
- Our platform constantly updates client data to ensure that information remains up to date and compliant with both your internal policies and regulations as they change.
- Regulators mandate that KYC Remediation be conducted so that your KYC information does not become stale. User information such as name, address, phone, bank info, card info etc, and general activity of the user can change over time. IdentityMind continuously monitors digital identities within our platform and alerts you to any changes based on your rule sets.
ALERTS & CASES
- Customize alerts based on any event including user profile changes
- Set specific rules or thresholds for triggering alerts and cases
- Set rules based on your own policy for fast and efficient onboarding experience
- Prioritize cases and assign to analyst accordingly
REPORTS & ANALYTICS
Configurable Operational Dashboards
- Add widgets to create dashboard adequate to the operations of team members
Account Dashboard for Easy Viewing of Reports and User Data
- View report highlights for increased team efficiency
Visual link analysis for rapid assessments
- Graph Link analysis provides a holistic view of the customer’s connections to attributes and other entities
- Standard reports for internal operations, auditors and more
300 + Sanctions and PEP Lists
- Automatically employ lists as required
- Negative news screening and various other lists
- Filter through customer whitelist and or/ blacklist
- Configurable per list fuzzy matching on names, phonetic algorithms, and cosine
- Unique matching based on digital identity graph
Filter False Positives
- Filter based on date of birth, location, and number of lists
VCRA Risk Assessment (optional)
- Understand bitcoin risk assessment
IdentityMind, creators of Trusted Digital Identities, provides this information as it continuously and automatically updates the risk-score of the user within our platform, based on any changes to their activity and user attributes, and alerts you of those changes based on your specifications for full transparency. We help you reduce the risk of bad actors compromising your institution while easily staying compliant with regulations now and in the future.