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:

Identity verification

ID document capture and validation. Facial verification. Passive Liveness.

AML checks

PEP, AML, sanction lists, blacklists, adverse media, etc.

Additional security screening

Video verification. NFC reading. Geolocation. Age verification. Connection to government and other databases.

Document support

Multiple document upload support. E-signature.

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.