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Veriphy AML Onboarding and Compliance Platform
by Davies Group
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Solution for regulated entities to run rapid AML and compliance checks for onboarding and monitoring
Its online AML, KYC, KYB , PES personal identity and entity verification checks fit to AML and POCA regulations and JMLSG guidelines whilst providing flexible and user-friendly customer experience.
Veriphy’s
services enable its clients from legal, accountancy, financial, banking, property, conveyancing, insurance and other regulated sectors to:
- orchestrate, automate and optimise perpetual compliance & onboarding processes
- boost customer experience
- accelerate revenue
- avoid regulatory penalty
- minimize risk and exposure to fraud
Veriphy solves these problems:
- The requirement to comply fully with AML legislation in order to avoid costly fines by regulators and reputational damage
- The requirement to onboard new clients with maximum speed, optimal customer experience, and robust security in order to ensure rapid access to solid customer revenue streams
- The increasing risk from fraudulent bad actors and concomitant financial and reputational damage
Veriphy's ISO27001-certified secure verification platform offers a unique combination of checks from multiple digital sources via a web UI or a single highly-malleable API hub, offering both full compliance and operational best-fit with workflow, packaged within a service delivery model based on flexibility, security, rapid support, and excellent customer service.
Top features include:
- AML/KYC checks – JMLSG compliant, employing ER, CRA, mortality, and departure data, with PEP/Sanctions elements monitored or one time only
- Global sanctions checks on people, entities, vessels and aircraft
- Biometric and document scan checks with liveness detection
- Experian Fraud Score – offering consortium-level assurance without the associated complexities
- Adverse credit data screening to detect beneficiary bankruptcies
- Bank account verifications – confirm linkage between account, name and address
- Source and Proof of Funds Checks – open-banking powered account analysis with fact-find questionnaires
- KYB checks for UBO detection on UK LTDs, LLPs, charities, with ability to report on dormant entities
- International KYB and ID checks
- Online AML training modules
- Flexibility in proposition, channel, and commercials
- Access is via UI, secure batch, or check compilation using granular data drawn from our API. Alternatively, choose from our unmatched range of products for simple injection into workflow
- Friendly guidance at every stage
Veriphy has been serving the regulated sector since 2007.
At a glance
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