SwiftDil

SwiftDil is a solution designed to assist businesses of all sizes in automating AML and KYC compliance. According to the vendor, SwiftDil offers a range of features to streamline customer screening, document verification, continuous monitoring, risk profiling, identity verification, and company insight.

Key Features

Customer Screening: According to the vendor, SwiftDil allows businesses to screen individuals and companies against global sanctions, watchlists, adverse records, and politically exposed persons (PEPs) database. This feature is intended to help businesses ensure compliance with AML regulations by identifying potential high-risk customers. SwiftDil also provides a comprehensive database for screening customers and entities.

Document Verification: The vendor claims that SwiftDil enables businesses to instantly verify various types of documents, such as passports and driving licenses, from a growing list of over 208 countries. This feature aims to provide a quick and reliable way to confirm the authenticity of customer-provided identification documents, reducing the risk of fraudulent activities.

Continuous Monitoring: According to the vendor, SwiftDil allows businesses to stay updated on Ongoing Customer Due Diligence (ODD) commitments. This feature provides real-time notifications if a customer's status changes, helping businesses maintain compliance. SwiftDil ensures ongoing monitoring of customer data to identify any changes that may impact risk assessment.

Risk Profiling: SwiftDil applies proprietary algorithms to appraise a customer's risk profile, as claimed by the vendor. This feature presents businesses with a simple low, medium, or high-risk score for each customer, helping them make informed decisions based on the risk level associated with each customer.

Identity Verification: According to the vendor, SwiftDil utilizes advanced facial recognition algorithms to ensure the customer's selfie matches their ID photo. This feature aims to enhance the verification process by confirming the identity of the customer, reducing the risk of identity theft and impersonation.

Company Insight (Coming Soon): The vendor claims that SwiftDil will provide rich information on companies from over 100 jurisdictions worldwide. This feature is intended to offer valuable insights into the companies and the people who run them, helping businesses assess the risk associated with potential business partners or clients.

State-of-the-art security: SwiftDil ensures the highest level of security for customer data, according to the vendor. It implements robust security measures to protect sensitive information from unauthorized access and complies with industry standards and regulations to maintain data confidentiality and integrity.

Quick and simple integration: The vendor states that SwiftDil offers easy integration of its API and Web Portal into existing systems. This feature provides documentation and support to streamline the integration process, enabling businesses to start using the platform quickly and efficiently.

Cost-effective solution: According to the vendor, SwiftDil offers pricing plans suitable for any budget and provides different tiers of service to accommodate varying needs and budgets. This feature allows businesses to access powerful AML and KYC tools without breaking the bank.

Free sandbox access: SwiftDil provides a sandbox environment for testing and development purposes, as claimed by the vendor. This feature allows businesses to explore the platform's features without incurring additional costs and facilitates the evaluation of SwiftDil's capabilities before committing to a paid plan.