Identance

Identance is a software solution designed to meet the needs of small to large businesses seeking identity verification and KYC compliance. According to the vendor, this product aims to efficiently verify customer identities, comply with regulations, and prevent financial crimes. It offers a range of features, including remote customer verification, address verification, anti-money laundering (AML) solutions, ongoing AML monitoring, custom risk assessment flows, on-demand compliance support, various branding options, quick verification response, and real-time monitoring service.

According to the vendor, the KYC solution allows businesses to verify customer identity documents and faces, helping to reduce operational costs and run more efficiently. It also enables remote customer verification in seconds. The address verification feature facilitates the easy verification of address documents, ensuring compliance and reducing cases of undelivered mail.

Identance includes an anti-money laundering (AML) solution, which assists businesses in complying with AML regulations. It provides PEPs check, global sanctions screening, and adverse media screening, aiming to identify and prevent financial crimes. The product also offers ongoing AML monitoring, continuously screening individuals and businesses to help businesses stay updated with changes in AML status. It provides immediate alerts in case of any changes in AML status.

According to the vendor, Identance offers custom risk assessment flows and scenarios, tailoring risk management approaches based on industry and client needs. It takes into account user risk profiles, compliance requirements, and industry benchmarks, aiming to enhance the accuracy and effectiveness of risk management processes.

The product provides on-demand compliance support and manual review, which includes manual review of suspicious and high-risk users. According to the vendor, this ensures maximum security and compliance, helping prevent fraud and mitigate risks.

Identance offers various branding and customization options, allowing the product to smoothly integrate into a client's operations and customize the user experience according to brand guidelines. This feature aims to enhance user engagement and brand consistency.

According to the vendor, the product provides a quick verification response, verifying customers within 30+ seconds. This fast and efficient verification process enables businesses to onboard customers quickly.

Finally, Identance offers a real-time monitoring service, which monitors customer activities in real-time. It aims to identify suspicious trends and behaviors, helping businesses detect and prevent fraudulent activities.