Free up human resources by automating the KYC processes

AI in KYC Automation: How Customer Due Diligence automation grows your business

Our KYC solution frees human resources, reduces costs, and improves operational effectiveness.

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Why is it important to automate your KYC procedures?

All businesses and institutions that need to comply with the Anti Money Laundering and Customer Due Diligence directives as per jurisdiction need a robust Know Your Customer process.
Automating thing process gives multiple benefits. For starters, it frees up your employees by mitigating manual labour. Besides, it increases customer satisfaction and prevents institutes from violating financial regulations by delivering accurate analysis and reduces the need for taking risks.

The Benefits of Customer Due Diligence automation

How we help our clients with KYC-software automation?

Reduce costs, errors and save time

Because of the large amount of manual work that each customer identification and verification requires, it is cost-effective to automate the KYC process. Automating this process will also reduce errors, making it easier to comply with CDD and AML directives.

Our KYC solution also saves your employees valuable time and makes sure every verification is being handled accurately.

24/7 availability, fast response times and no security issues

Our KYC solution is not restricted to working hours and responds to service requests immediately. This way every identification and verification will happen immediately.

Our solution for KYC is effective, efficient, reliable, and developed in such a way that it does not raise any security issues.

Automated fraud detection software

Humans have difficulty with detecting digitally manipulated verification documents. Luckily, our KYC software can detect fraudulent documents at high accuracy.

No more fraudulent transactions that go through, reducing the risk of repetitional damage to the company for the lack of strong compliance procedures and negligence.

Reduce costs, errors and save time

Because of the large amount of manual work that each customer identification and verification requires, it is cost-effective to automate the KYC process. Automating this process will also reduce errors, making it easier to comply with CDD and AML directives.

Our KYC solution also saves your employees valuable time and makes sure every verification is being handled accurately.

24/7 availability, fast response times and no security issues

Our KYC solution is not restricted to working hours and responds to service requests immediately. This way every identification and verification will happen immediately.

Our solution for KYC is effective, efficient, reliable, and developed in such a way that it does not raise any security issues.

Automated fraud detection software

Humans have difficulty with detecting digitally manipulated verification documents. Luckily, our KYC software can detect fraudulent documents at high accuracy.

No more fraudulent transactions that go through, reducing the risk of repetitional damage to the company for the lack of strong compliance procedures and negligence.

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How does KYC automation software work?

Pre-check customer identety

Most companies that need to be AML, CDD, and KYC compliant are using semi-automated approaches towards gathering and verifying documents. Because this is a manual process it becomes an extremely time-consuming process. An example is when a customer has to upload an image for personal verification. Automating this process can do a couple of things.

 

Instant error reporting

For instance, bad image quality can delay the process for days or weeks. The company informs the user of bad image quality, after which the user has to re-upload the images. Automating this process with computer vision algorithms allow for a faster process than with human reviewers. Also, the user gets immediate feedback, increasing their satisfaction.

Manipulated image detection

After receiving the image, the company has to verify it against the right document templates and confirm that all the information required is present in the uploaded files.
Besides, our KYC software can detect fraud and weed out the people who act suspiciously. Our KYC solution is more reliable than the human eye as they can detect digitally manipulated images more accurately. Finally, the documents will automatically be stored in the right database.

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