eKYC Discovery
Expand Your Existing KYC Process
Reveal the True Identity of Your Corporate Customers
Expand Your Existing KYC Process
with the Online Presence of Any Organization
There is a Gap in Today’s KYC Process
Know Your Customer (KYC) programs enable you to better understand the financial dealings of customers while managing and mitigating risk to your business – but in today’s online world, most financial institutions are mainly looking at offline, physical details to verify corporate customers. Shouldn’t the online details of your corporate customers be evaluated in KYC checks, too?
We have discovered that many financial institutions could be operating with major gaps in their Anti-Money Laundering (AML)/ KYC procedures – gaps that allow money laundering, terror financing and many other types of fraud to slip into the banking system.
To close the gap, financial institutions must enhance their KYC process by looking at the complete online presence of customer.
Only Evaluating Offline Risk in an Online World
During a standard KYC check on a corporate customer, you evaluate many details including: Business Name & Address, Registration, Credit Score, Nature of Business, Sanction & PEP List & much more…
These data points are based on physical real-world attributes and neglect the online presence of a customer – which can potentially include hard-to-find, unreported connections, and risky business associations. This KYC gap can allow money laundering, terror financing and many other types of illegal activity and fraud to slip into the banking system, unnoticed.
Introducing eKYC DiscoveryTM
EverCompliant’s new, revolutionary electronic KYC solution is API-driven, providing an additional layer to your existing KYC solution with an immediate time-to-market. Global in nature and language-agnostic, our AI-powered technology offers you a new, panoramic view of your customers’ online presence to uncover potential unreported countries of operation, lines of business, and related companies that could be risky to your business.
Use eKYC Discovery to:
Enhance KYC with Online Fingerprints of Any Organization
Take your KYC process beyond the physical world to include both the visible and hidden online presence of your customers
Improve Confidence Through Online Validation
Substantiate your existing KYC findings with data points found in the online realm
Save Money By Introducing Automation to Your KYC Data Collection
Stay updated on risks with on-demand reporting and monitoring to help streamline your decision-making process
Complement Your Existing KYC Infrastructure
Integrate our API-based query tool with your existing processes with little overhead and immediate time-to-market to help increase ROI
Give eKYC Discovery™ a Try!
eKYC DiscoveryTM reveals the unknowns of the online world to validate the complete identities of your corporate customers.
