Digitalize Money Service Business
This module provides solutions for Standardized KYC (Know Your Customer i.e. eKYC and Face to Face) capturing for retail/P2P customers and KYB (Know Your Business) for Corporate/B2B Customers during the Onboarding stage. The captured information is presented to the teller each time while performing a transaction for cross verification and updates. The system allows to capture the identifiable information such as Identification Card, Passport, Business Registration Number, driving license, Bank Account, Social Security Number, Contact details during registration. All the documents related to retail and corporate customers are stored in digital format for Branch Users access while performing the transactions.
Features
eKYC for Digital Onboarding with a flexible API architecture to integrate with the customer preferred 3rd Party Facial and ID verification provider.
Customer due diligence (CDD) is performed for each customer and matches against sanction list data for terrorists, and Politically Exposed Persons (PEPs) who might present a risk
Enhanced Due Diligence (EDD) is performed for higher-risk customers to have a deeper understanding of customer activity to mitigate associated risks based on events such as high-value transactions, high-risk scores.
360 Degree view of Customer Profile with the consolidation of transactions performed across module for Remittance, Money Exchange, Wholesale Bank Note using Branch /Agent or Digital Channel.
Ongoing monitoring function comprises of Transaction Scoring, Customer Risk Scoring, Sanction List Screening during every transaction performed and based on thresholds set as part of a customer’s risk profile.
Mandatory AML/KYC checks on individuals, Beneficial Owners, Send on Behalf, Company Representatives, Shareholders, Directors during onboarding and transaction processing
Compliance with Face to Face & eKYC guidelines including generation of False Authentication reports for eKYC Customers.
Alerts and notifications are generated for incomplete KYC, renewals and for missing or expired IDs, documents or any additional information required.
eKYC for Digital Onboarding with a flexible API architecture to integrate with the customer preferred 3rd Party Facial and ID verification provider.
Customer due diligence (CDD) is performed for each customer and matches against sanction list data for terrorists, and Politically Exposed Persons (PEPs) who might present a risk
Enhanced Due Diligence (EDD) is performed for higher-risk customers to have a deeper understanding of customer activity to mitigate associated risks based on events such as high-value transactions, high-risk scores.
360 Degree view of Customer Profile with the consolidation of transactions performed across module for Remittance, Money Exchange, Wholesale Bank Note using Branch /Agent or Digital Channel.
Ongoing monitoring function comprises of Transaction Scoring, Customer Risk Scoring, Sanction List Screening during every transaction performed and based on thresholds set as part of a customer’s risk profile.
Mandatory AML/KYC checks on individuals, Beneficial Owners, Send on Behalf, Company Representatives, Shareholders, Directors during onboarding and transaction processing
Compliance with Face to Face & eKYC guidelines including generation of False Authentication reports for eKYC Customers.
Alerts and notifications are generated for incomplete KYC, renewals and for missing or expired IDs, documents or any additional information required.