Name: KYC & AML
Price: 150.88 USD
Author: KYC Hub

Help Desk

Web and Video Conferencing

Customer Support

Java Technologies

Service Mesh

Development

Academic Advising

Education

Business Intelligence (BI)

Collaboration

Desktop Publishing

Enhanced 911 (E911)

Interactive Voice Response (IVR)

Risk Management

VoIP

Enterprise

Accounting

Crypto Asset Management

Invoicing

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Credentialing

HR Management

Leave Management

Payroll

Recruitment Automation

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Application Infrastructure

Cloud Storage

Data Masking

Email Verification

File Sync and Share

Fraud Detection

HTML Editors

IT Asset Management

Integration Platform as a Service (iPaaS)

License Management

Log Management

Machine Learning

Network Performance Monitoring

Network Troubleshooting

Operating Systems

Remote Support

Secret Managers

Software Distribution

Tape Storage

Threat Hunting

Threat Intelligence

Vector Databases

VoIP Monitoring

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Brand Intelligence

Content Management

Email Marketing

Graphics

IP Geolocation

Marketing Automation

Social Login

Social Media Management

Survey & Forms Building

Swag Management

URL Shorteners

Web Analytics

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Sales Acceleration

Sales

Video Surveillance

Security

Auto Repair

Building Information Modeling (BIM)

Emergency Notification

HIPAA Compliance

Laboratory Information Management

Legal Billing

Vertical-Specific

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Frosmo Ltd

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.

Basic

OneLogin is an identity and access management (IAM) product from One Identity since the October 2021 acquisition, featuring single sign-on (SSO), multi-factor authentication, provisioning, cloud directory, and more.

Advanced (bundle)

Professional (bundle)

OneLogin by One Identity

Avatier Identity Anywhere User Lifecycle Management

Avatier Identity Anywhere Password Management

Avatier Identity Anywhere Single Sign-On (SSO)

Avatier Identity Anywhere Access Governance

Avatier Identity Anywhere

KYC & AML

Identity Management (IdM) is essentially about creating, maintaining, and retiring individual enterprise accounts for IT security. Identity and Access Management (IAM) systems encompass this but also provide a framework that goes beyond digital identities to providing access to users in various roles in a relatively automated fashion for cost and efficiency, while yet presenting minimal risk to sensitive data or equipment, simultaneously creating an audit trail for lawful compliance. Depending on the implementation needed by the enterprise (i.e. who is logging in and to what largely determines this) these concerns can be somewhat, highly, or totally overlapping areas.

Making comparisons across suites of software and their vendors can be difficult as this apparently singular body of needs is  serviced by vendors in this area in a highly modular fashion who bridge gaps with strategic or technical partnerships and integrations.  But here "Identity Management" Software is defined as software which handles all or some of the tasks related to all of the above, which may be divided into:

-- Identity governance or provisioning (basically role management with workflow controls).

-- Access (authorization or restriction of access to certain information to certain persons across locations and systems).

 ...and the various methods of enabling rapid yet secure access like:

-- Single sign-on (SSO, describes the ability to login to the system once and only once, gaining access to all systems without need for logging in again via help from a server).

-- Multi-factor authentication (using multiple, independent components to gain access, a simple step to increase security, though at a cost of efficiency for each additional step).

-- Password management and self-help for password users.

-- Identity federation, related to SSO, access spanning system boundaries (e.g. cloud access).

-- Directory / User Repository Management for tracking of users with access, and

-- Security Analytics for auditing and compliance...

...and more. IAM software is most usually sold in a modular, configurable pieces-sold-separately fashion, where each module handles some but not all of these needs. Some of the strongest vendors in this area offer high specialization and strategic partnerships with other specializers while other established vendors, via both acquisitions and development, manage to cobble together comprehensive portfolios and subsume all the various needs under one grand suite of comprehensive IAM capabilities. Enterprises have gone both ways.


A later arriving area of identity management software that greatly up-prioritizes speed and ease of access over security is called by the vendors who specialize in it Customer Identity Management, which provides simple customer registration most often via Social Sign-On capability. This allows a user to instantaneously set up an account with a service provider merely by logging in via their preferred social network account; voila, the customer has (safe, limited) access, and the enterprise gains useful information about the potential customer in less than five seconds. While traditional Identity Management Systems offer the capability to do this, smaller vendors who specialize in customer access, with its high-efficiency / low-security demands, sometimes bundle the feature with other common marketing capabilities to leverage the instantly acquired customer data (e.g. email marketing, segmentation, landing pages, etc.), thus creating a (growing) niche of customer-facing identity management systems in the process.

Identity Management

KYC Hub

Identity management software manages information about the identity of software users and controls access to corporate resources

ID-Management Access Control

Authorization or restriction of access to information depending on role

ID Management Single-Sign On (SSO)

The ability to login to the system once, gaining access to all systems without the need for logging in again

Multi-Factor Authentication

Using multiple, independent components to gain access

Password Management

Self-help capabilities the help users recover forgotten passwords, etc.

Account Provisioning and De-provisioning

Capabilities for creating user accounts  based on roles, group memberships and business processes

ID Management Workflow Automation

Automated sequence of tasks to simplify processes

ID Risk Management

Identification, evaluation, and prioritization of risks with procedures to minimize, impacts of unplanned consequences

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