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Streamline your onboarding process with real-time Identity Verification & AML Screening solutions for Digital Banks.
Leverage AI-powered identity verification to onboard in real time. Reduce drop-off rates and drive operational efficiencies across teams and countries.
Align onboarding across all business channels and over 200 jurisdictions. Automate onboarding using our smart workflows and deliver one seamless onboarding journey.
Deter fraudsters using a unique blend of biometric, document and database checks that adds more complexity and friction to their attempts to commit fraud.
Multi-Layered
Digital banks and neo banks are obligated to follow KYC regulations to prevent money laundering and terrorist financing. Identity verification solutions play a crucial role in the KYC process by verifying the customer’s identity and conducting due diligence.
Deploying ID-Pal’s real-time identity verification and AML Screening solution will drive customer conversion rates, prevent fraud at source, ensure robust compliance whilst safeguarding your business from fraudulent and illicit activities.
ID-Pal performs up to 70 technical checks per document, to ensure authenticity and confidently reject suspicious submissions. Our multi-layered identity verification process then verifies the facial image present.
Unburden your team from the challenge of manual identity verification. Our cutting-edge facial matching technology instantly confirms that the face in a submitted ID matches the person present. A 50-point biometric facial comparison maps features as part of our identity verification process.
Liveness Checks confirm a real, live person is completing your identity verification process. ID-Pal Liveness Testing instantly assesses micro-variations in fraudulent techniques. This is why our Liveness Testing technology is independently certified to prevent the latest presentation attacks.
Reduce customer onboarding times with Address E-Verification. ID-Pal verifies an individual’s Name and Address against multiple databases during onboarding, ensuring one clear Full Address Match & removing the need for Proof of Address.
Add an additional layer of fraud prevention to your plan. Screen individuals in real-time against global PEPs and Sanctions lists. Perform Adverse Media checks across live sources and easily enroll individuals for periodic risk screening and Ongoing Monitoring.
Add-On Feature (additional cost)
Explore the additional features available that simplify compliance and offer robust fraud prevention.
This add-on feature enhances document verification and accuracy rates on each submission for the three most common types of document fraud attacks.
Match a customer’s validated data against over 160+ trusted data sources to verify an address in real-time automatically, as an additional verification and fraud prevention layer.
Screen individuals in real-time against global PEPs and Sanctions lists. Perform Adverse Media checks across live sources and easily enroll individuals for periodic risk screening and Ongoing Monitoring.
Have more questions? We’re here to help! Get in touch to find out more about our Identity Verification solutions.
Digital identity verification solution is specifically designed to fortify the security framework of digital banks and neo banks. Leveraging advanced technologies such as artificial intelligence, biometric recognition, and real-time data analysis, it needs to ensure that every customer is thoroughly verified, significantly reducing the risk of fraud.
This process adheres to global regulatory standards, including KYC and AML, safeguarding against financial crimes and enhancing trust with your customers. By integrating a digital identity verification solution, digital banks can provide a secure, seamless banking experience, crucial in today’s digital-first financial landscape.
Compliance with KYC and AML regulations is streamlined through robust identity verification. Our solution is tailor-made for digital banks and neo banks. ID-Pal automates the verification process, ensuring thorough checks against global databases, PEPs, and sanction lists.
Our system updates these checks in real-time to align with the latest regulations, providing an audit trail for easy reporting. This not only enhances compliance efficiency but also minimises manual errors, allowing your bank to focus on growth and customer service while meeting regulatory obligations with confidence.
Our award-winning identity verification solution prioritises user experience, making it incredibly user-friendly for digital bank customers. It simplifies the onboarding and verification process through a swift, intuitive interface using 100% AI-powered technology that requires minimal input from users.
Verification can be completed in just a few steps, using any smartphone or digital device, without compromising on security or accuracy. This approach significantly reduces onboarding abandonment rates and enhances customer satisfaction, fostering loyalty and trust in your digital banking services. With our solution, offering a frictionless yet secure verification process has never been easier.
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