KYC & AML

KYC Hub is a compliance platform designed to assist organizations with their Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. According to the vendor, it caters to businesses of all sizes and is widely used in industries such as banking, fintech, payments, gaming and gambling, and insurance.

Key Features

Dynamic Workflows: KYC Hub offers a configurable and adaptable approach to onboarding and verification. According to the vendor, organizations can customize their processes and collect and verify any type of information through custom questionnaires. The platform also integrates pre-built and configurable workflows for improved efficiency and reduced redundancy.

Workflow Automation and Orchestration: KYC Hub enables tailored and scalable automation for financial crime lifecycle management. The vendor claims that organizations can make changes seamlessly and integrate with verification systems. The platform offers dynamic customer risk assessment and automated decisioning to prioritize alerts for compliance team efficiency.

Customer Risk Rating: KYC Hub allows organizations to configure risk scoring by combining static, behavioral, and profile data. The vendor states that pre-defined templates are available for risk assessment, and the platform incorporates AI-assisted learning for accurate classification of risky behavior. It also leverages an extensive knowledge graph for network risk detection.

Transaction Monitoring Software: KYC Hub provides continuous global monitoring, instant alerts, and low-latency checks for suspicious transactions. The platform includes AML screening against global sanctions, watchlists, terror lists, and politically exposed persons (PEPs). According to the vendor, it facilitates authentication of customers and partners through identity document screening and offers real-time payment screening and monitoring.

Case Management and Reporting: KYC Hub offers comprehensive case management and reporting functionalities for compliance processes. The platform enables dynamic case assignment and decision management, streamlining operations. According to the vendor, it includes crime flagging and documentation for reported crimes and risk assessment. It also offers automated decisioning in case management and allows for suspicious activity reporting (SAR) related to potential money laundering activities.

Intelligent Document Processing: KYC Hub utilizes OCR technology to extract information from various documents. The platform enhances data extraction accuracy through AI and machine learning. According to the vendor, it can be seamlessly integrated within existing workflows and offers document forensics on IDs from over 200 countries.

AML Screening and Monitoring: KYC Hub provides continuous monitoring and instant alerts for potential risks. The platform includes comprehensive AML screening against sanctions, PEPs, and watchlists. According to the vendor, it incorporates global adverse media intelligence for tracking adverse news about clients and facilitates real-time screening.