MOMENTUM 

Accelerated Compliance & Powerful Fraud Prevention for FinTech Companies

Get the right platform.

In all digital financial services businesses you not only need to comply with AML regulations, but you also need to manage fraud to ensure that your bottom line stays above water. And, you also need to provide proof of AML and fraud risk compliance to regulators. lt is impossible to meet these needs with manual systems because they can’t keep up with the speed of digital transactions and customer expectations, and the cost of trying is skyhigh. Using the wrong RegTech solution means that you are only addressing part of the problem with some of the data at your disposal, or you are cobbling together a bunch of disparate solutions and, in essence, becoming a custom software shop.

What if there was another way? With ldentityMind, there is.

Get an award winning, all-in-one risk management and compliance platform with patented technology proven to reduce your transactional fraud by as much as 60% and your on boarding fraud by as much as 90%. Use what you need knowing that the rest of the solution is ready for you when you need.

Reduce Transactional Fraud by

60%

Reduce Onboarding Fraud by

90%

Benefits

One Platform, Multiple Capabilities

Account Fraud Prevention, KYC, Sanctions Screening, Transaction Monitoring, Case Management, Alerts/Notifications.

Patented Fraud Prevention

Trusted Digital ldentities with over 50 attributes to reduce risk and fraud.

Reduced Risk Through Network Effect

Access to ldentityMind Reputation database with over 180+ million identities worldwide and growing.

One Contract, Multiple Data Resources

Pre-integrated access to third-party ecosystem.

Key Features

Fraud Prevention

  • Prevent account and transactional fraud
  • Digital ldentities
  • Global identity validation
  • Risk scoring through machine learning

KYC

  • Pre-integrated data validation providers
  • KYC Reporting

Sanctions Screening

  • Built-ln SAR filing
  • Proprietary lists
  • Social network, deep and dark web data

Transaction Monitoring

  • Automated, continuous monitoring
  • Rules for automated approval, decline based on scoring
  • Send to manual review

Case Management

  • Manage all risk information associated with fraud and money laundering
  • Create a case when manual review is required

Alerts & Notifications

  • Alert your agents to let them know when review needed

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.

Further Reading

How is technology changing the remittance industry?

How is technology changing the remittance industry?

Guest blogpost by Hugo Cuevas-Mohr of IMTC Conferences and Mohr World Consulting. In the process of building the RemTECH Awards and asking ourselves what innovation in the remittances industry meant, I searched the internet and talked to colleagues, both in the...

read more
To find out more about our solutions, simply fill in the form or call us at 650.618.9977.