VIALINK KYC

VIALINK KYC is a solution designed to automate the Know Your Customer (KYC) process for financial institutions. According to the vendor, this software solution is aimed at businesses of all sizes, including banks, insurance companies, investment firms, and payment service providers. Professionals in the financial industry can utilize VIALINK KYC to streamline their customer onboarding processes and ensure compliance with regulatory requirements.

Key Features

Automated Document Verification: VIALINK KYC utilizes OCR technology to extract text information from customer documents, enabling automated document verification. According to the vendor, it checks for security features, specific fonts, and standardized information consistency to detect potential fraudulent or falsified documents.

Coherence Check: The coherence check feature in VIALINK KYC ensures the consistency of customer data across multiple documents. According to the vendor, it cross-references different pieces of customer documentation to verify information such as address, name, gender, and social security number, helping to identify any discrepancies that may indicate fraudulent activity.

Data Enrichment: VIALINK KYC enables data enrichment by aggregating information from external sources such as public and private databases, social media platforms, and sanction lists. According to the vendor, this enhances the overall KYC process by providing additional data for verification and strengthening coherence checks.

Integration with Existing Processes: VIALINK KYC seamlessly integrates with the existing processes and channels of financial institutions. According to the vendor, it can be integrated into workstations, websites, or mobile applications, allowing for near real-time automated checks and facilitating a smooth customer journey.

Flexible Rule Configuration: Financial institutions can customize VIALINK KYC to align with their unique workflows and regulatory requirements. According to the vendor, this flexibility allows for the configuration of rules specific to account opening, consumer credit, auto insurance, and other business processes, providing a scoring system that closely aligns with domain expertise.