Accurate and seamless KYC verification for remote customer onboarding
Meeting KYC and AML compliance requirements
KYC and AML compliance is a regulatory requirement for a myriad of businesses globally. Failure to comply might entail considerable risks such as costly fines and reputational damage. Knowing your customer gives a full assurance that risks associated with money laundering, fraud and financial crime are eliminated, ensuring compliance with regulations.
Verification of the customer's identity
Facephi’s secure biometric identity verification removes the need of a customer being present physically, helps to simplify the KYC processes in line with compliance to mitigate fraud and regulatory risks while accelerating conversion through superior customer experience. It can replace cumbersome, inefficient processes with an automated real-time biometric facial recognition to help businesses establish trust with customers reliably and securely.
Facephi enables the KYC process for remote customer
onboarding with the following ways:
All the verification steps are captured, recorded and can be referred to at any point for compliance and audit purposes. Businesses can fulfil customer due diligence and KYC requirements as well as ongoing monitoring with biometric technology.
Perform thorough and accurate KYC to identify high-risk customers. Securely screen against AML, sanction, PEP, blacklists and adverse media to counter money laundering, terrorist financing risks and demonstrate adherence to regulatory compliance.