By your side in the fight against money laundering (AML)

Account opening fraud detection

Account opening solutions work by verifying the legitimacy of individuals while creating an account. Using different global identity data, it analyzes and evaluates the risk posed by a particular identity. Our solutions can cross-reference identity factors to verify the authenticity of the user. This identity information enables businesses to make informed and safe decisions when approving user accounts to reduce the risks of fraudulent accounts that may lead to money laundering.

Our solution start before the creation of accounts by individuals or entities to launder money take place. Through real-time insights into users and the ability to detect potential discrepancies or suspicious patterns in identity data, our solutions can help in creating a foundational barrier to aid in your AML checks and regulation.

Risk assessment and management

The manual review process that many teams and financial institutions face is a time-consuming pain point. Tools that aid in risk assessment and streamlining the process helps to alleviate this issue.

We offer a unified platform that provides a broad range of identity data and insights. It creates a comprehensive view of a user’s digital identity that lets reviewers quickly verify a user’s identity and analyze and compare digital behaviors with features that make the review process more efficient and accurate.

You can utilize a manual review tool in your AML process by providing a comprehensive view of a user’s digital identity, allowing the financial institution or business to detect suspicious activities or inconsistencies in user profiles more effectively.

Transaction monitoring

A tool that assists businesses in assessing risk levels, we offer a transaction risk solution that can assist in determining the risk levels of online transactions in real-time. Our transaction risk solution provides access to identity data points and predictive insights. Delving into identity data details works with the Identity Network insights to create risk scores. These scores assist companies to quickly determine the legitimacy of transactions and make educated decisions about users. Using more detailed information aids in the prevention of fraudulent activities.

Transaction monitoring assists in AML checks and efforts by quickly identifying suspicious online transactions that could imply money laundering may be responsible. The risk score aids financial institutions and businesses in noticing potential criminal transaction patterns by analyzing various identity data points. The real-time assessment allows institutions to react immediately while creating timely reports to regulatory authorities. Transaction monitoring also ensures compliance with AML regulations and helps stop laundered money from integrating into the financial system.