APLYiD

APLYiD is an AML (Anti-Money Laundering) and KYC (Know Your Customer) compliance software designed for customer onboarding and verification. According to the vendor, this solution caters to companies of all sizes and is utilized by various professions and industries such as accountancy firms, financial services, real estate, legal services, and vehicle finance and rental.

Key Features

Biometric ID technology: APLYiD employs biometric facial recognition technology to match user-generated selfies with millions of global government records and visual IDs in approximately 90 seconds. According to the vendor, this feature provides a secure and accurate method of verifying customer identities.

Data verification: APLYiD automatically captures and verifies customer data through ID documents, checking their validity and performing data checks against trusted government sources and recognized watchlists. The vendor claims that this ensures the accuracy and authenticity of customer information.

Document capture: APLYiD scans, reads, and extracts ID data from documents such as passports and driving licenses, simultaneously authenticating the documents and performing data checks. This feature serves as a second source of verification and aims to reduce referral rates.

Powerful AML & KYC Compliance: APLYiD's software is designed to meet AML and KYC compliance regulations, performing automatic AML, PEP, and Sanctions checks to help businesses stay audit-ready and reduce the risk of non-compliance.

Digital & ID Fraud protection: APLYiD utilizes artificial intelligence and machine learning to identify fraud, document tampering, fake imagery, robot scams, phishing, and other suspicious activities. It checks credit scores and global watchlists via credit bureaus and government documents to detect any unusual activity, aiming to help businesses prevent digital crime and identity theft.

GlobalID & Watchlist checks: APLYiD verifies ID by using global ID templates and document validation that compares against up-to-date government documents and recognized watchlists. According to the vendor, this feature provides an additional layer of security and reduces the risk of identity fraud.

Fraud protection checks: APLYiD uses artificial intelligence and machine learning to identify fraud, document tampering, fake imagery, robot scams, phishing, and other suspicious activities. It automatically flags any unusual activity during the verification process, aiming to help businesses protect themselves and their customers from fraudulent activities.

Credit & Criminal checks: APLYiD checks credit scores and global watchlists via credit bureaus and government documents to verify customer identities. It flags any unusual activity, including PEP and Sanctions checks, aiming to ensure the integrity of the customer base and reduce the risk of fraudulent activities.

Flexible APIs: APLYiD provides flexible APIs that can be easily integrated into existing CRM systems, allowing for seamless integration with global CRMs and reducing the need for extensive development work or integration.

Global CRMs: APLYiD offers prebuilt integrations for many leading CRMs, such as NayaOne and Apex27, enabling businesses to seamlessly incorporate APLYiD into their existing CRM systems without extensive development work. According to the vendor, this provides a seamless and efficient onboarding experience for customers.