Solutions

KYC Compliance

KYC Compliance (know your customer) solution by ID-Pal

Know Your
Customer Compliance

KYC Compliance (know your customer) solution by ID-Pal

Streamline KYC compliance into a simple connected flow to seamlessly verify identities in real-time.

ID-Pal > Solutions > KYC Compliance

KYC Compliance

How it works

Turn on your KYC Compliance solution

The easiest way to comply with KYC

KYC is the process of obtaining information about a customer and verifying their identity. ID-Pal performs real-time identity  verification online, in-person or remotely via an award-winning app, with exceptional accuracy and zero access to customer data.

Streamline identity verification for KYC compliance and customer onboarding in just one day.

Turn on your KYC Compliance solution

Benefits of

Digital ID Verification

 

With a user-friendly interface and seamless integration options, our ID verification solutions transform KYC compliance and enhance the onboarding experience.

Facial Identity Verification on iphone and other ID-Pal solutions

What our clients say...

Global Identity Verification

for KYC compliance

Onboard customers in real-time while meeting KYC requirements

Zero Access to Data

Our platform is fully encrypted and has zero access to customer data. ISO 9001 and ISO 27001 certified, ID-Pal maintains the highest security standards.

Global Coverage

Covering 7000+ Identity Documents from across 200+ jurisdictions, enjoy enhanced verification using 160+ trusted data sources.

Real-Time Decisioning

Verify the details submitted by an individual match a real, live person. Gain confidence in the identity of your clients, members or customers.

Reduced False-Positives

Using advanced matching algorithms, gain back resources diverted to address false-positive rates.

How to integrate ID-Pal

Choose from our range of easy integration options. Deploy same-day or via our API/SDK 

Out of the box integration for KYC

Out-Of-The-Box

  • Setup in minutes
  • Front and back-end ready
  • Customise in seconds
API solution for KYC

API / SDK

  • Integrate into existing systems
  • Prebuilt, ready to deploy
  • Tailor to your business needs
Integrate ID-Pal identity verification with Salesforce

Salesforce Integration

  • Go live in minutes
  • Install directly in Salesforce
  • Compatible with all Clouds

Certified and Industry Accredited

ISO 9001 certification Europe white logo
ISO 27001 certification Europe white logo
GDPR compliant white EU logo
salesforce white png logo
ibeta level 1 logo white
ibeta level 2 logo white

Case Studies

Learn how our customers prevent fraud and simplify compliance

ISO 27001 Certification Europe
Case Study

ISO 27001 Certification Europe Case Study

Lerex Technology
Case Study

Lerex Technology Case Study

Trust My Travel
Case Study

Trust My Travel Partners with ID-Pal to Protect Payments

Request a demo

Have more questions? We’re here to help! Get in touch to find out more about our Identity Verification solutions.

KYC Compliance FAQs

What is KYC Compliance, and Why is Identity Verification Important for It?

KYC Compliance is a regulatory standard mandating financial institutions to verify the identity of their clients to prevent financial crimes like money laundering and fraud. Identity verification plays a crucial role in KYC processes by ensuring that the institution knows the true identity of its customers, thus mitigating potential risks of illegal activities.

By conducting thorough identity checks, including document verification and biometric analysis, institutions can adhere to regulatory requirements, reduce the risk of penalties, and maintain secure business operations.

Identity verification in KYC compliance involves several steps to ensure a customer’s identity matches their provided documents. This typically includes:

  • Document Verification: Checking the authenticity of identity documents such as passports or driver’s licenses.
  • Data Validation: Ensuring the personal data on the document matches external databases and is consistent across multiple sources.
  • Biometric Verification: Using technology like facial matching or livness testing to ensure the document holder is present and real.
  • AML Screening: Evaluating the customer’s data against known risk indicators, such as politically exposed persons (PEPs) or sanctions lists.

Digital identity verification offers several key benefits for KYC compliance, enhancing both operational efficiency and regulatory adherence. By automating the verification process, you’re allowing for quick customer onboarding without compromising on accuracy. 

These systems reduce human error and increase reliability through advanced algorithms and machine learning, making them cost-effective by decreasing operational costs associated with manual verification processes.

Furthermore, automated systems ensure adherence to evolving regulatory requirements with up-to-date checks and documentation capabilities. The quick and seamless verification process also improves customer experience, increasing satisfaction and loyalty.

More Solutions

Discover more solutions that offer simple, secure and convenient KYC compliance.

Find out how we can help your business grow

See our success
stories