risk management solutions, compliance solution, kyc verification - KYC Portal CLM
Based on client requests, KYC Portal has integrated its platform with Shufti Pro. Through the use of APIs, the integration will enable further enhancements to KYC Portal via automated push and pull data requests from Shufti Pro.
The integration will reduce the need for manual intervention involved in screening subjects, while meeting the needs of compliance team by producing an audit trail. Additionally, it will simplify the workflow for the user by conducting the entire process through one platform.
Automated search
An all-time favourite when dealing with a large volume of subjects. Clients can opt to submit a subject to the Shufti Pro database automatically once it has been added to KYCP without having to manually trigger a search. This eliminates the need for manual searching, and therefore improves time efficiency and ensures that all subjects are searched. If a match is found on the submitted record, KYCP will send a notification to the respective teams so the results can be checked manually. All of these actions are also instantly audited against the subject.
Ongoing monitoring
Via the API, Shufti Pro allows KYCP to hook up for ongoing monitoring. This will allow KYCP to ensure that all subject information within the system is updated on a daily basis. If an alert appears, KYCP will raise a notification to the respective team for action on the process flow. One of the main benefits of such integration however is the automation between the two solutions based on real time events. In KYC Portal CLM one would be able to pre-define how the workflow of an application should change based on matches as well as the type of matches being conducted on the data received from Shufti Pro. The solution allows users to take a fully audited snapshot of all data at the time that a decision is being taken to further audit the decisions taken in the past.
** Vendor supplied text
Shufti Pro is an award winning global Regtech provider offering state of the art AI powered identity verification and KYC/AML compliance solutions to businesses. Shufti Pro reduces global financial crime alongside protecting the reputation and income of international businesses. Shufti Pro is offering 19 IDV and fraud prevention solutions, including KYC, KYB, KYI, AML, eIDV, Risk Assessment, Age verification, OCR solutions and more, in their strive to create a world where online trust is automatic and immediate. The company's solutions are the most advanced and globally configurable, built on in-house AI technology which can capture identity fraud within seconds with ~99% accuracy. With the ability to automatically and securely verify over 9000 ID documents in 150+ languages, Shufti Pro proudly serves customers in over 230 countries and territories.
Further details about their services can be found here.
Malta: +356 2141 1400
UK: +44 (0) 114 392 0015
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