Simplifying Account Protection and Compliance for FinTech.
The ONBOARD initiative combines our integrated identity verification, fraud tools, and an operational framework for onboarding best practices, to give FinTech companies a streamlined program for both managing compliance requirements, and preventing fraudulent accounts.
ONBOARD detects if valid consumers and business have become fraudulent or compromised due to account fraud, and provides the anti-money laundering capabilities necessary to satisfy auditing and reporting requirements.
The ONBOARD program is immediately available to all FinTech institutions. For more information please fill out this form, and a representative will be in touch to talk to you about how you can ONBOARD more clients.
Identify fraudulent applicants with our comprehensive KYC & Account Origination Protection.
Onboard more clients, go international, and accept underbanked and unbanked clients. Do it all faster, with our streamlined onboarding process support.
Improve risk analysis with access to multiple data sources for identity verification.
Maintain a proactive compliance program, be ready for auditors, and stay prepared for stricter regulatory requirements.
Anti Money Laundering regulations require most Financial Technology (FinTech) businesses to carefully evaluate the identity of their customers using a series of verification processes commonly referred to as KYC (Know Your Customer) tests. The purpose of these requirements is to ensure a customer is who they say they are, and the institution is familiar with who they're working with.
Since the depth of a KYC process is based on the assessed risk of an identity, an effective solution should offer both the ability to detect risk, and the verification technology necessary to satisfactorily establish the identity of the client.
The IdentityMind™ Platform evaluates millions of identities daily. Our service offers a unique database of attributes and their correlated reputations, recognizing and evaluating digital identities worldwide to accurately assess risk during the online account origination process.
IdentityMind Global’s core technology, Electronic DNA™ (eDNA™), builds digital identities for both consumers, and businesses, and evaluates their reputation. Two fundamental aspects make this technology a superior solution for preventing account origination fraud:
1. Our platform describes and recognizes identities based on 45+ digital attributes, which are dynamically validated and updated in real-time with each new transaction. This ensures our information is always up to date and relevant, while also highlighting changes.
2. IdentityMind associates these digital attributes with an aggregated reputation value based on the behavior of those attributes in previous financial transactions.
This dynamic, collaborative approach to risk creates a more nimble and accurate identification system suited for the needs of today's financial services businesses- it's built for how commerce operates today.