Identity verification AutoKYC vs Satchel - Money management Usage & Stats

The AutoKYC identity verification app is used as a part of the customer identification process. To use it: • Download the app • Scan the QR code or enter the 8-digit PIN provided by the financial institution • Take a photo of your identification document • Take a selfie of yourself holding the document • Complete the verification process AutoKYC is an EU-compliant remote real-time know-your-client identity verification and risk-assessment tool. Increase your customer onboarding success rate by relying on integrated machine-learning (ML) and artificial intelligence (AI) tools: • Blurriness and darkness detection to suggest that clients retake their photos, avoiding lousy quality images • Facial recognition to compare the customer’s facial biometrics to the photo on the identification document • Liveliness detection to to prevent spoofing during the KYC process. • Optical character recognition (OCR) to read the information presented in a document, including the machine-readable zone (MRZ), to reduce manual input and validate the document. Customers can continue their verification session on a different device to utilize better camera quality and/or more comfortable input. For example, your client can start the verification procedure by filling the questionnaire on their computer and finish it on their mobile phone, taking a photo of their document and a selfie. Multilingual support for client onboarding in their preferred language. Reduce fraud rates by taking live videos instead of stand-alone photos and automatically check for liveliness. Liveliness detection also ensures compatibility with EU directives regarding KYC processes. Because knowing your client and being compliant is not limited to identifying clients by checking their documents and matching the photos in the their documents to their faces, we offer a full-scope solution to your compliance needs. Manage your AML risk in one platform by using existing integrations to sanctions, politically exposed persons (PEPs) and negative information screening solutions. Customize the questionnaire to reflect your business needs. Edit questions, attachment fields, have conditional questions based on the client’s risk-level and/or previous answers to obtain most of the information in one go. Automatic risk-scoring to assess your customer’s AML risk level and identify clients for enhanced due diligence (EDD). Adjustable risk-score factors for better implementation of a risk-based KYC approach. Ask additional questions or request additional documents during the EDD process using the same questionnaire. AutoKYC is also able to streamline the business onboarding process. Use pre-made and customizable know-your-business KYB questionnaires, and our remote identification tool to identify ultimate beneficial owners (UBOs) of corporate clients. At a later stage, you can use the AutoKYC re-verification solution, so your clients can update their questionnaires when their details change or when their information expire. A flexible KYC solution means that you can use it as a ‘solution as a service’ (SaaS) and fully outsource your KYC processes, or as a platform to keep everything in control of your in-house team. Verify your customers by simply providing them a link to the verification site, or integrate it to your web app with a RESTful API, or even to your mobile app via SDK for iOS. Use the AutoKYC identity verification web and mobile app as fallback solutions for a better customer experience.