Know-Your-Customer (KYC) Solutions and Services

Helping banks and financial organizations comply with KYC regulatory requirements through solutions and services that can be seamlessly integrated with the onboarding process and throughout the customer lifecycle.

 

Beneficial Ownership KYC

Banks are mandated to know their customers upon onboarding and throughout the whole banking relationship. One of the many ways to do this is to know which entities and individuals are connected to the customer based on legal corporate documents. On top of complying with regulations and knowing the profile of the customer and his network, this solution also helps banks assess the financial risk and business opportunities brought upon by every customer – which customers are too big to fail or which customers have large networks that the bank can pursue?

Person/Address Verification

It is imperative for banks to verify their clientele so as to prevent the intrusion of fraudsters into their client base. That is why SVI includes person/address verification as part of its field services, to ensure that the clients transacting with your bank are legitimate. The identity of the person is confirmed with photos, videos, identification cards, electronic signature, and biometric information. All data captured come with timestamps and geotags as additional controls. On the other hand, address verification is supported with photos, videos, timestamps, and geotags taken at the time of verification. Results are transmitted in real-time to a web-based app accessible to authorized users. These services are usually implemented as part of the credit investigation process.