Online Identity Verification & AML for Financial Services
The Remote Onboarding Process Can Be Simplified
With the advent of branchless challenger banks and growing demand for large incumbents to provide remote onboarding, online identity verification and eKYC are becoming increasingly important. Financial services firms may utilize IPass's unique blend of informed AI, computer vision, and machine learning to reliably and securely verify remote users while expediting the onboarding process.
- Simplify and speed up the verification of identity process.
- Increase the number of people who open accounts.
- Assist in the prevention of impersonation and identity theft.
Simplify AML Compliance
IPass AML Solutions assist financial services organizations to screen out rogue actors, detecting suspicious activity and meeting regulatory obligations across the board, from banking to fintech, lending to payments. Sanctions, politically exposed persons (PEPs), and negative media watchlists are all checked by our screening technology. Our cutting-edge transaction monitoring technology detects more genuine suspicious behaviour while reducing false positives. In addition, our user-friendly case management system makes investigation and AML reporting a breeze.
- 1. Onboarding from afar
Simplify the new account onboarding process and save time and money by not having to validate each new customer in person.
- 2. Payments and Money Transfers
To meet KYC/AML regulations, create a more secure digital platform for frictionless financial transactions.
- 3. Crowdfunding
To protect the experience of customers and investors, and prevent fraud and account takeover.
- 4. Transactions with a High Risk
Biometric authentication, which provides much greater levels of digital assurance, can help you prevent account takeover and protect your clients' accounts.
- 5. AML/KYC (Anti-Money Laundering/Know Your Customer)
Ensure regulatory compliance in real-time, including Know Your Customer (KYC) and Anti-Money Laundering (AML), as if your customer were standing right in front of you.
- 6. Machine Learning for Advanced Detection
Suspicious activity should be monitored in transactions, accounts, and customers. Our detection engine employs machine learning to fine-tune monitoring criteria over time, resulting in a significant reduction in false positives.
- 7. Case Management and Reporting for AML
Avoid hefty fines by improving the effectiveness of your compliance team. Your analysts will be able to simply analyze and report suspicious activities thanks to our best-in-class Case Management tool.
- 8. Applications for Mortgages
By authenticating papers online and completing KYC criteria, you can reduce the amount of friction in the mortgage application process.
- 9. Wealth Management