Confirms validity of person (full name, address, Date of birth). Effective KYC necessitates an advanced electronic identification tool to effectively address compliance and verification needs. iKYC delivers this using an eIDV solution, which correlates public and private data to quickly and accurately confirm an individual’s identity. This in turn adds to a dynamic KYC and AML Compliance Management when identity theft occurs.

CLIENT ONBOARDING VIA IDENTITY VERIFICATION API
Upon client on-boarding and through the Electronic Identity Verification API call, input data from the client profile is sent to the Electronic Identity Verification provider
The information used to confirms an individual’s identity using personal information such as name, date of birth, addresses. The results as it is feed into the API confirms an individual’s identity bringing results of match, non-match, or partial math

VALIDATION OF IDENTITY VIA PROVIDER
The Electronic Identity Verification provider validates the input data received and returns the results so that it can so that they can be processed back
 

RESULTS FED INTO SOLUTION VIA API
Results are fed into the Solution through the same API for updating
 

CLIENT PROFILE IS UPDATED
The Client Profile is updated with the actual result, e.g. ‘electronically identified’
 

UNPARALLELED MATCH VERIFICATION
Applies custom verification rules based on different countries and regions (applies a 2+2 match verification rule based on the requirements of each area’s regulatory bodies)
eIDV provides smooth match results in terms of Identity Verification. Taking into consideration custom verification rules as they apply to different countries and regions, the eIDV applies a 2+2 match verification rule based on the requirements of each area’s regulatory bodies.

COUNTRIES COVERAGE/SCOPE
Using data sources from global partners across a large number of countries, this tool seamlessly and effectively validates your client data
An array of global partners and their expertise provides information on data and information across a number of countries offering thus optimum results in matching/ verification. The available data used to offer identity verification include public and private data, utility charges, postal address information, telephone details etc. This verification process is therefore in line with each jurisdiction’s/region’s coverage needs 

BENEFITS

1. Automated KYC On-boarding
2. Unparalleled Match Verification
3. Comprehensive Worldwide Coverage
4. Rapid, Real-Time Identity Verification
5. Fully configured data to your business rules.
6. Real-time, frequently refreshed data.
7. Single Access Point with Multi-country data
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CASE STUDY

Our organization uses real time and cost effective solutions for various sectors. Effective KYC simplifies the processes of companies and minimizing their risks, in terms of money laundering, financial crime and terrorism
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Sectors

Banks/Financial

Investment Firms

ICOs

Forex/Brokers

Payments

Insurance

Gaming/Gambling
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