Banking Provide Secure Financial Services in Real Time

Achieve Compliance While Delivering a Superior Digital Experience

Banking - overview

The strict AML and KYC regulations governing the banking industry around the world keep evolving to match the innovation and growth of digital financial services. Keep pace with those changes and remain compliant with a powerful, agile identity verification platform.

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Stay Compliant

Verify identities through a comprehensive, end-to-end platform that delivers high match rates, compliance with regulations worldwide and the convenience customers expect.

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Accelerate Onboarding

Leverage a global network of more than 450 data sources to verify customers quickly and reduce onboarding abandonment. Add a layer of certainty with real-time access to more than 11,800 verifiable ID documents.

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Quickly Expand Into New Markets

Quickly build, launch and optimize onboarding workflows that match your needs and requirements. Deftly adjust workflows to expand across borders, match changing market conditions and adapt to shifting KYC and AML regulations.

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Watchlist Screening Fortify Your Customer Base

Maintaining KYC and AML compliance is important to protecting your customer base and your reputation. Watchlist Screening provides powerful protection by screening users and businesses against more than 6,000 global watchlists and more than 20,000 adverse media sources.

Solution - AML Watchlist Screening

Individual Verification Rapidly Verify Identities and Expand Across Borders

Not all KYC verification challenges are the same. Leverage artificial intelligence and machine learning, hundreds of data sources and deep expertise to optimize workflows specific to your needs. Verify identities through a comprehensive platform that delivers compliance with regulations worldwide.

Individual-Verification

Business Verification Gather Global Business Insights and Data With Ease

Comply with strict Know Your Business regulations worldwide. Verify the surface details of a company or dive deep, such as screening company officials against global watchlists. Comprehensive Business Verification through one platform expedites onboarding and builds a safe environment for global digital commerce.

Solution - Business Verification
How Banks Vet UBOs

Banking Content Hub

AML and KYC Requirements for Banking

Learn about efficient AML and KYC processes that contribute to compliance, customer trust and smooth onboarding experiences.

Frequently Asked Questions

Learn more about key industry terms and concepts.

Why is compliance important in the banking industry?

Financial institutions must meet legal and regulatory requirements through ongoing security, risk mitigation and fraud prevention programs. Those measures protect customers, ensure financial integrity, build trust in the institution, and help organizations avoid fines and reputational damage.

What does the compliance department do in a financial institution?

The compliance department builds and operates programs to meet regulatory requirements for the financial institution. The department monitors regulations and creates policies, processes and training for procedures such as onboarding, monitoring, auditing and reporting.

What is KYC in banking?

Banks must perform Know Your Customer (KYC) procedures to assess customer risk and comply with Anti-Money Laundering (AML) laws. KYC involves knowing a customer’s identity, financial activities and potential risk.

What are AML programs in banking?

AML programs are legal requirements for banks to prevent laundering of money connected to crime and terrorism. The programs establish policies and procedures to designate oversight responsibility, conduct training and perform account reviews.

What is the difference between KYC and AML?

KYC is an element in AML programs. KYC is a set of procedures for customer identification and due diligence. AML laws establish requirements for corresponding financial institution policies and procedures, such as KYC.

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