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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.

Benefits

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.

Selected Customers
key features

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

Identity Creation

  • 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

Identity Proofing

  • Proof identity data in real-time against the IdentityMind database and through our partnership ecosystem

Identity 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

Event-Driven Alerts

  • Customize alerts based on any event including user profile changes

Rule-Driven Cases

  • Set specific rules or thresholds for triggering alerts and cases

Configurable Rules

  • Set rules based on your own policy for fast and efficient onboarding experience

Queue Management

  • 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

Compliance Reports

  • Standard reports for internal operations, auditors and more

SANCTIONS SCREENING

300 + Sanctions and PEP Lists

  • Automatically employ lists as required
  • Negative news screening and various other lists

Watchlist Filtering

  • Filter through customer whitelist and or/ blacklist

Matching Algorithms

  • 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
KYC remediation must also be an important part of your ongoing KYC process—regulators mandate that KYC’ed clients be regularly reviewed based on the risk models that institutions have chosen to adopt as information can quickly become out of date. Should the KYC information on these clients not be verified and updated to current regulatory standards, penalties, fines, and reputational risk are sure to follow. User information such as name, address, phone, bank information, card information, etc., and general activity of the user can change over time, therefore it is critical that institutions keep their KYC’ed clients' information current.

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.
Trusted Digital Identities

Identity is critical to reducing risk and ensuring compliance in today’s digital financial services. Trusted digital identities help you Identify who is on the other end of the transaction and help you decide whether you should do business with them.

"2017 will be the year of digital identities...there is no identity without trust and vice versa. Further identity and trust impact and influence payment methods and enable or disable currencies. I view digital identities as the corner stone of the future of financial services industry."

Pascal Bouvier

Physical Identities

  • Name
  • Address
  • Device
Basic identity information that is based on physical documents.

Information is limited, static, siloed and, in some cases, easy for a fraudster to acquire.

Digital Identities

  • Name
  • Address
  • Payments
  • DOB
  • SSN
  • Email
  • IP Geo-location
  • Device
  • Ship to Address
  • Payment Behavior
  • Black/White Lists
  • Sanction Lists
  • Document Verification
  • Social Media
  • Carrier/Mobile Data
  • Bill to Address
  • Account Validation
More detailed information that includes digital information such as email, IP address, mobile phone. It may also include verification of provided such as account information.

Information is interconnected and reflects a wide variety of information on top of physical documents.

Trusted Digital Identities

  • Name
  • Address
  • Payments
  • DOB
  • SSN
  • Email
  • IP Geo-location
  • Device
  • Ship to Address
  • Payment Behavior
  • Black/White Lists
  • Sanction Lists
  • Document Verification
  • Social Media
  • Carrier/Mobile Data
  • Bill to Address
  • Account Validation
  • Graph Intelligence
Trusted digital identities are digital identities that are analyzed to verify identity, to identify the most recent information and known associates, and to ultimately risk score the identity. The result is an evaluation based on the most recent picture of the entity in question.


Use this slider to see the advantages granted by our patented Trust Digital Identities.
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