The Complete Solution for Customer due diligence.

This Know Your Customer/ Client onboarding module will eliminate obstacles allowing you to remain compliant without jeopardizing the quality of the onboarding process of your customer. The use of the automated system has immediate operational efficiencies (like reduction in time opening the account, going paperless, etc.) and will also have long-term benefits such as significant reduction in risk.

FATCA (The Foreign Account Tax Compliance Act ) was enacted as part of the Hiring Incentives to Restore Employment (HIRE) Act on March 18, 2010. It creates a new information reporting and withholding regime for payments made to certain foreign financial institutions and other foreign entities.

This document management module helps improve the client onboarding and management experience. You can now easily generate all client documents automatically and track documents needed to establish a client relationship regardless of the complexity. With an adaptive self-configurable documentation checklist, you can manage and generate account documents on your organizations pre-designed forms, integrate with your current document management repository or replace legacy repository tools.

Doing business in a digital environment generates not only significant revenue opportunities but also substantial risk. It is important for businesses and financial institutions to implement Know Your Customer (KYC) processes in order to maintain due diligence, deter fraudsters, and be in compliance with anti-money laundering (AML) regulations. The ability of an online identity verification service to process and approve customers quickly and without friction is the key to competitive success.

The Global RADAR ID Verification module provides a multitude of interchangeable solutions that can integrate into your current workflow and allow customers to address some critical questions:

Global RADAR uses a multi-layered process to access thousands of data sources containing billions of public records to instantly validate an identity while also providing predictive, intelligent information around that identity. This enables you to make quicker and smarter decisions on what to do next: approve, deny, or escalate.

Global RADAR’s identity proofing process is so fast and seamless that it happens without interruption to the transaction and without customer interaction. To help ensure an optimal customer experience, Global RADAR’s ID Verification is able to verify identities using just the customer’s name and address, so your customers will be comfortable with the amount of information they are required to share. That means there is no need for customers to disclose typical identity documents (like driver’s licenses or other photo ID cards) or more personal information and data  (like social security numbers or date of birth), which is information that can put people at risk for identity theft and fraudsters if mishandled or unsecured.

Analyzing multiple layers of identity attributes (including location, activity, device, and email attributes) can present a much more detailed and accurate likeness of identity than with just simple ID document verification. Global RADAR’s ID Verification layers work together seamlessly to help you decide with confidence.