Kycaid

KYCAID is a compliance management system offered by KYCAID Limited. According to the vendor, the product is designed to provide KYC (Know Your Customer) and AML (Anti-Money Laundering) solutions for businesses of all sizes and industries. It aims to help businesses verify customer identities, comply with international regulations, prevent fraud, and ensure secure transactions.

Key Features

According to the vendor, KYCAID offers a range of features to support these objectives:

Liveness Check: KYCAID incorporates advanced identity verification technology, including motion-detection and biometric faceprint add, to verify the authenticity of a person's identity.

Age Verification: The vendor claims that KYCAID supports over 9813 documents from 248 countries, enabling businesses to ensure compliance with age restrictions through reliable and straightforward age checks.

Proof of Address Check: KYCAID helps businesses verify the real physical addresses of individuals, facilitating KYC and AML compliance and ensuring transparency in financial transactions.

Database Screening: KYCAID offers comprehensive sanctions and PEP (Politically Exposed Person) database screening, helping businesses identify and assess potential high-risk individuals and entities, thereby enhancing accurate identification and safeguarding operations.

ID Document Verification: According to the vendor, KYCAID enables instant verification of identity documents by checking their authenticity against a database of over 10,000 document types from 248 countries.

Source of Funds Check: KYCAID aims to help businesses verify the legitimacy of the source of funds, thereby preventing money laundering and fraud and ensuring compliance with AML regulations.

Video Verification: The vendor states that KYCAID utilizes video calls for identity verification, enhancing security and reducing fraud risks by providing real-time interaction with customers.

KYB (Know Your Business): KYCAID offers in-depth corporate verification to ensure transparency in business relationships and help businesses assess and control risks associated with their customers.

Payment Fraud Prevention: KYCAID aims to prevent fraudulent transactions and reduce financial losses by providing robust payment fraud prevention measures, enhancing security and trust in online payments.

KYCAID Apps: According to the vendor, KYCAID offers mobile applications that allow users to conveniently access and perform verification on-the-go, ensuring a seamless user experience.