The new Self Check-In module inside KYCP lets you verify individuals directly from the back office.
KYCP is one of the most advanced Risk Orchestration tools on the market. A dynamic, real time, lifecycle management platform that caters for the fully due diligence process, from onboarding all throughout automating the back-office. Streamlining the ongoing remit of due diligence and perpetual KYC.
One of the steps that has become crucial to the success of such a process however is the ability to verify the identity of individuals through ID&V technology.
Why we built it
To date, clients of ours who needed such a step would engage third parties that offer such a service and add this to the process of due diligence. We have customers who also submit the application from their selected third party to KYCP.
With this new feature however, the user of KYCP from the
backend can trigger a request to a subject at a click of a button. This feature
works with the new token system of Pay As You Go services.
The new feature allows you to trigger a Self
Check-In request from the back-office of KYCP on any entity that is of type
Individual.
This will send a link to the individual in question. Following authentication with 2FA on their device, the individual will be able to start the journey of taking a selfie first and then a photo of the proof of identification document.
This will work based on the configuration set in the
respective KYCP instance.
Upon submission the system automatically stores all
verification details within KYCP and continues the workflow based on your
configuration. The individual’s identity verification is recorded against their
entity profile along with the verification status as well as the full audit
trail of the Self Check-In request.
The uploaded document that was used as a proof of
identification will also be verified for its authenticity. The data will be
OCR’d from the document and automatically mapped / stored to fields in KYCP,
which can automatically be linked to trigger risk ratings, document
requirements, due diligence levels as well as immediate / automated screening.
This is all based on how your KYCP instance is set up.
Whilst this is the first release of Self
Check-In feature in KYCP, we are already working on new features of automation
surrounding this feature in order to deliver more benefit from an orchestration
perspective.
For more info contact us directly on sales@kycportal.com or schedule
your live demo with us today.
If you are an existing client and you would like
more information about this feature, please contact our CRM Team.