Digital onboarding supports the KYC process and can help you to minimize the risk of fraud by identifying suspicious elements early when new clients/end-users or companies are onboarding.
The process to know your customer (KYC) is for banks and other financial businesses to evaluate new customers before opening a bank account, issuing a credit card, initiating a loan etc.
The solution gives you the possibility to re-validate customers/end-users periodically over time or when and if suspicious behaviour occurs that cannot be associated with activities the client is involved in.
The solution offers continuous monitoring, and in the onboarding process, attributes are saved in the eID backend, which are used for monitoring transactions and risk assessment.
KYC processes can be used by banks and companies of all sizes for the purpose of ensuring their proposed clients/end-users or business relations are who they claim to be.
You can use KYC as a mandatory process for risk management, and every time when verifying the identity of a new clients that engage with your business.
1. Your clients identify themselves using a mobile device, a passport and facial recognition.
2. Reads passports and ID cards with chip that are compatible with ICAO 9303. ID cards issued in the Schengen countries are supported.
3. Re-validate your clients periodically over time or if suspicious behaviour occurs.