Efficiently Onboard Customers, Reduce Risk & Stay Ahead of Regulations
Know Your Customer (KYC) compliance is key to meet AML regulatory requirements and passing audits. But KYC is more than a regulatory requirement, it is an integral part of maintaining the reputation of your business, fighting fraud and money laundering. The wrong system can lead to higher fraud rates, fewer good customers or adverse findings during a compliance audit that may result in regulatory action and fines. Acuant delivers an industry leading KYC compliance solution that helps you comply with regulations and prevent financial crime.
We automate Know Your Customer (KYC) compliance processes, including Video KYC, which are often manual and time consuming, to quickly identify good customers versus the bad actors you want to avoid. Our Trusted Identity platform has identity verification capabilities in every country and provides access to global sanctions lists.
Combined with our patented Digital Identity technology eDNA, we help verify the identity of users from any demographic interested in doing business with you, including foreign nationals, unbanked, under-banked, high-risk individuals such as politically exposed persons (PEPs) and individuals associated with known bad actors. Our platform gives you the ability to create and reuse digital identities, build an identity from customer data and verify it against our proprietary Trusted Identity database in real time.
Need to meet KYC compliance requirements in a hurry? Acuant®GO allows you customize and integrate IDV and KYC/AML applications with no coding required. Be up and running in a few hours. Deploy a powerful solution in your branding to meet mandatory AML compliance requirements and secure your business. Learn more about Acuant®GO.
Tailor the onboarding experience for each customer, automatically process trusted users and route exceptions to a manual review process.
Our platform with patented eDNA technology allows you to verify users from any demographic, all nationalities, 200+ countries and territories.
Identify good customers you want to do business with and bad actors you want to avoid with a current view across all business lines.
Maintain a proactive compliance program, be ready for auditors and stay prepared for changing regulatory requirements.
Acuant Buyer's Guide to Know Your Customer
Building a business can be challenging in today’s digital world where fraud seems to come from every direction. Customers want safe transactions and companies want to make sure they are transacting with good customers. It is important to verify that your customer is who they say they are and that you can trust them. Equally, you want them to trust your business.
For regulated businesses, this is a requirement called Know Your Customer (KYC) and it is a subset of Anti-Money Laundering (AML). Read the white paper to learn how Acuant has developed a Trust Framework that answers the four most important questions to establish a trusted relationship with your customers.
Get the full white paper below.
HOW WE DO IT
Identity Verification: verify identity data in real time: name, address, phone & more
Document Verification: upload & authenticate documents in seconds
Rule-Driven Cases: set specific rules or thresholds for triggering alerts & cases
Event Driven Alerts: customize alerts based on any event including user profile changes
Case & Queue Management: prioritize cases & assign to the appropriate analyst
Staged KYC: risk-based approach to balance the customer experience with needed due diligence
PEPs & Sanctions Screening: access global sanctions, PEP status, adverse media & enforcement lists
Real Time Risk Scoring: machine learning & graph intelligence quickly identify risk
Enhanced Due Diligence: extra screening for suspicious identities
Video KYC: identity verification through video chat
Why Acuant Compliance
Acuant Compliance has everything you need to comply with regulations, manage fraud and fight financial crime. Our complete KYC compliance solution offers identity verification, risk assessment, enhanced due diligence, rules, case management, continuous transaction monitoring and more. Acuant solutions are offered for every channel and available in an easy-to-use format.