MITIGATE FRAUD AND MONEY LAUNDERING RISKS
Digital onboarding is the first line of defence in protecting your business against unwanted bad actors. A KYC system that is AML compliant makes the difference between success and failure.
Digital onboarding is the first line of defence in protecting your business against unwanted bad actors. A KYC system that is AML compliant makes the difference between success and failure.
As technology gets smarter, so do fraudsters. Every two minutes a person is a victim of identity crime. Fraud can happen anywhere to anyone. Businesses and consumers are the targets of increasingly sophisticated attacks. The digital landscape is under threat by criminals seeking to exploit online channels.
The aim of the existing AML know your customer requirements is to protect businesses, consumers, and create a harmonised, transparent, and regulated environment. Failure to comply can lead to serious consequences including fines, reputation damage, and financial losses.
Evalid’s KYC solution offers advanced fraud prevention using built-in controls to identify, mitigate, and manage risk such as account takeover and spoofing. Our platform reduces friction, streamlines onboarding, and reduces compliance costs by automating manual checks.
Evalid’s identity verification protects businesses against financial crimes by using a multi-layered approach to capitalize Know Your Customer and anti-money laundering compliance. A powerful combination of artificial intelligence, machine learning, and compliance rules work together to detect and prevent criminal activity.
Let an expert show you how easy it can be to integrate our online identity verification solution into your processes, whether it be within your app, on your website, or as an addition to an existing system. Request more information and we’ll be in touch shortly!
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