Authenteq

Authenteq is an identity verification and onboarding solution designed to streamline the process of opening accounts for individuals, small enterprises, trusts, and financial services institutions. This platform is aimed at small to large enterprises in industries such as financial services, fintech, e-commerce, sharing economy platforms, and cryptocurrency exchanges.

Key Features

Authenteq's platform combines digital and physical interactions to offer personalized investor onboarding, according to the vendor. It aims to streamline the account opening process for individuals, small enterprises, trusts, and financial services institutions. The platform enables end-investors to open new accounts in minutes through a website or any device, with features such as automated Know Your Customer (KYC) questionnaires, tailored product recommendations, simplified data gathering, e-signature, and online identification.

According to the vendor, Authenteq's eKYC® process can be 100% automated, providing investor identity verification in just 35 seconds. It claims to ensure robust security and Anti-Money Laundering (AML) compliance for identity verification at scale. The process requires only one government-issued ID and a selfie, covering over 11,000 government-issued photo IDs from 232 countries and territories, supporting 138 languages.

The platform aims to simplify the account opening process, eliminating the need for manual paperwork, according to the vendor. It includes online identification, data gathering, and e-signature, aiming to provide a seamless experience.

Authenteq's platform offers tailored product recommendations based on the investor's profile and preferences, according to the vendor. This feature aims to help individuals and institutions find investment options that align with their financial goals and risk tolerance.

The vendor claims that Authenteq's platform simplifies the data gathering process by automating the collection of necessary information from investors. This feature aims to reduce manual effort and ensure accurate and up-to-date data for account opening and compliance purposes.

Authenteq's platform prioritizes security and compliance, according to the vendor. It utilizes advanced security measures to protect sensitive investor data and prevent unauthorized access. The system is designed to meet industry standards and regulations, aiming to provide peace of mind to both investors and financial institutions.

The platform offers automated Know Your Customer (KYC) questionnaires, tailored to specific investor profiles, according to the vendor. This feature aims to streamline the identification and verification process, ensuring efficient and accurate data collection.

According to the vendor, Authenteq's platform enables end-investors to complete the entire onboarding process digitally, without the need for physical paperwork. This includes submitting required documents, verifying identity, and providing electronic signatures, all through a user-friendly interface.

The vendor states that opening new accounts with Authenteq is a quick and easy process. Investors can complete the necessary steps in minutes, reducing time-to-market for financial services institutions.