Income verification and liabilities identification, for better KYC/AML.

Access to account information guarantees the enhancement of current KYC and AML processes.

Enhance KYC

Access to account information identifies current liabilities that currently, are not visible in any other way.

A better AML process

Income verification and identity verification can help reducing fraud and improve your AML process.

Reduce operational costs

Save time and money that you would, otherwise, spend seeking information on a customer.

_ Use case

Know Your Customer (KYC)

Consumers that wish to get a better deal when it comes to credit, have better possibilities by allowing access to their account data. By verifying income in real time through Open Banking (PSD2), you can make wiser decisions and eventually give a better offer. On the other hand, you might be interested in existing liabilities that cannot be found in credit bureaus. Combining this information with analysis offered from our solution in real time, makes Open Banking a powerful tool in your KYC process.

_ Use case

Anti Money Laundering (AML)

Financial institutions are continuously obliged to spot and filter out fraudulent activity. With direct and real time access to applicant's bank account with Open Banking (PSD2), it becomes harder to fraud. Our solution can verify income, a year back and not just the last two months. It can also combine account data with the lender's database to match applicant's identity even if this information is not provided by Open Banking (PSD2). Both are crucial for reducing fraud and improving your AML process.

Ready to improve KYC/AML?

We are here to help you use Open Banking to improve your KYC/AML and cut on operational costs. Get in touch.