Back to all use cases Hassle-Free AML Compliance
Seamlessly meet AML Compliance requirements and reduce risk of fraud with ID-Pal's Identity Verification Solution.
15 Min Demo
Identity Verification
with AML Compliance
Built In
Anti-Money Laundering (AML) requirements are becoming more and more strict, placing increased burden on businesses to ensure they are complaint or risk significant fines and reputational damage. However, companies also need to factor in their customers. If the processes they are required to complete are overly complex and frustrating, businesses will suffer from customer drop-off. ID-Pal’s Identity Verification solution was built to ensure that businesses can easily meet compliance requirements while still providing a user-friendly experience to their customers.
How ID-Pal Helps with AML Compliance
ID-Pal’s Identity Verification solution is the easiest way for businesses to meet AML requirements in a simple, secure and convenient way. The digital ID&V platform has compliance built in and delivers real-time identity verification for customers across the globe.
Real-Time Verification
ID-Pal’s identity verification solution is technology-first which enables it to deliver real-time verification. Other providers may rely on Human Assisted AI, which risks delays, human error and data flight. With ID-Pal verification is secure and instant.
Global Coverage
A truly global solution, ID-Pal covers more than 6500 Identity Documents from across more than 200 jurisdictions and delivers enhanced verification using 200 verified address data sources. ID-Pal also provides the unique ability to easily customise the app for different customer profiles and jurisdictional requirements.
Robust Compliance
Meet AML and KYC compliance requirements without the hassle using ID-Pal’s multi-layered biometric, document and database checks. Industry-leading accuracy provides peace of mind that your business is protected from fraud.
Features
ID-Pal’s identity verification solution blends cutting-edge technologies and an award-winning interface to deliver a world-class customer onboarding experience.
Identity Verification
ID-Pal’s fully customisable solution is the easiest way to verify identities in real-time, simply, securely and conveniently.
Identity Document Verification
A suite of rigorous technical checks determines if an identity document is genuine and has not been tampered with or forged.
Address E-Verification
Strengthens fraud protection for businesses while simplifying the process for customers.
Technologies
ID-Pal’s Identity Verification platform blends best-of-breed technologies to deliver robust AML Compliance.
Document Checks
Each document is submitted to a suite of rigorous technical checks to ensure it has not been forged or tampered with.
Facial Matching Biometrics
Comprehensive 50-point biometric facial comparison ensures that the true owner of the identity document is present.
Liveness (iBeta)
ID-Pal’s Passive Liveness software is iBeta Level 1 and 2 assured. Highest level of security for your business and minimal effort for your customers.
Database Checks
Data-base matching of customer's name and address provides additional level of fraud protection.
How Does ID-Pal Work?
Watch how it works
KYC is necessary to prevent fraudulent or terrorist activities and to comply with anti-money laundering regulations, but it can be cumbersome for credit unions to incorporate within a suite of digital experiences, which could result in lax compliance practices and increased digital onboarding abandonment. We chose to partner with ID-Pal because it is a compliant, end-to-end solution that offers credit unions a comprehensive and seamless verification and member experience.