Name: MyKYC
Author: Roots Innovation Labs

Help Desk

Web and Video Conferencing

Customer Support

Beta Testing

Cross-Browser Testing

Feature Management

Functional Testing

Performance Testing

Product Analytics

Virtual Reality

Development

Business Intelligence (BI)

Collaboration

Contract Analysis

Emissions Management

Payment Facilitation

Enterprise

Accounting

Accounts Payable

Accounts Receivable

Crypto Tax

Travel Management

Finance and Accounting

ACA Compliance

Applicant Tracking

Compensation Management

Corporate Learning Management

HR Management

Payroll

Relocation

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

API Design

Cloud Storage

DevOps

Fraud Detection

Integration Platform as a Service (iPaaS)

Network Performance Monitoring

Privileged Access Management

Software Components

Software Composition Analysis (SCA)

Storage as a Service (STaaS)

Time Series Databases

Vendor Risk Management

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Content Marketing

Data Management

Email Marketing

Marketing Automation

Online Reputation Management

Product Intelligence

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Task Management

Professional Services

Customer Onboarding

Customer Relationship Management (CRM)

eCommerce Analytics

Sales

Cloud Infrastructure Entitlement Management

Virtualization Security

Security

Aviation

Banking

Church Management

Digital Forensics

Fleet Management

Geographic Information

Hospital Management

Insurance Claims Management

Intelligent Document Processing

Internet of Medical Things

Veterinary

eDiscovery

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

Priority Matrix

Appfluence

eMeetingsOnline

ReportsNow

Crowdtap

FastPIPE

FastEST, Inc.

AspenOne Supply Chain Management

Aspen Technology

Azurepath

Azurepath, LLC.

Screenful

Screenful Oy

Aras PLM

Aras Corporation

Frosmo

Frosmo Ltd

MyKYC, developed by GIBots, is a digital solution designed to streamline and automate the Know Your Customer (KYC) process for businesses. According to the vendor, this software aims to help companies verify the identity of their customers, comply with regulatory requirements, and mitigate fraud risks. It is marketed as a solution suitable for businesses of various sizes, from small startups to large enterprises. The target professions and industries include financial institutions, fintech companies, payment service providers, e-commerce platforms, and cryptocurrency exchanges.

## Key Features

**Loan Document Digitization**: According to the vendor, MyKYC automates the digitization of loan documents, extracting key data points and converting paper documents into digital formats. This feature is said to improve the accessibility and searchability of loan documents, potentially enhancing efficiency in loan processing.

**Smart Background Verification (BGV)**: The vendor claims that MyKYC streamlines the background verification process by automating the extraction and validation of data from documents. It is also stated that the software seamlessly integrates with external applications, providing real-time dashboards and reporting for monitoring and analysis.

**GeoTwinX- GIS Based Workorder & Asset Management**: MyKYC's GeoTwinX feature, as per the vendor, enables real-time tracking and scheduling of work orders. The software offers a mobile-based application for field operations and integrates geospatial data for efficient asset management. According to the vendor, this feature provides analytics and insights to aid in decision-making.

**Procure to Pay & Reconciliation**: The vendor claims that MyKYC automates data extraction from invoices, receipts, and purchase orders, ensuring rule-based validation and reconciliation of financial data. It is also stated that the software integrates with ERP systems, enabling seamless processing with real-time reports and dashboards for monitoring and analysis.

**Intelligent Legal Document Digitization**: According to the vendor, MyKYC utilizes AI-powered technology to extract data from legal documents and identify and classify clauses and attributes. Integration with document management systems is said to allow for real-time access and visibility of legal records.

**Intelligent Logistics Document Digitization**: The vendor claims that MyKYC automates the extraction of data from logistics documents, improving accuracy and efficiency in logistics operations. Integration with logistics management systems is also mentioned, enabling real-time tracking and reporting of logistics processes.

**Design2action – Engineering Drawing Vectorization**: MyKYC is said to convert engineering drawings into vector formats and perform rule-based cross-referencing and matching of tags with data sheets. The vendor claims that the software creates automated BOM/BOQ and schedules, integrating with CAD and GIS systems for design and planning.

**Intuitive User Interface**: The vendor states that MyKYC offers an intuitive user interface that is easy to navigate, providing a seamless and user-friendly experience for both administrators and end-users. It is mentioned that extensive training is not required to efficiently manage the KYC process.

**Automated Data Collection**: According to the vendor, MyKYC automates the collection of customer identification and due diligence information, reducing the need for manual data entry and minimizing errors. The software is said to integrate with various data sources to gather relevant information and populate KYC forms automatically.

**Document Verification**: MyKYC includes document verification capabilities, allowing users to upload and verify identity documents such as passports, driver's licenses, and national IDs. The vendor claims that advanced technologies like OCR and facial recognition are employed to validate document authenticity and match them with customer information.

Plaid in San Francisco offers a suite of applications supporting banks with risk management and customer account management features. Plaid is used by digital financial apps and services like Betterment, Expensify, Microsoft and Venmo, and by banks to make it easier for consumers to connect their financial accounts with the apps and services they want to use. Plaid connects with over 11,000 financial institutions across the U.S, Canada and Europe.

Test

Launch

Scale

Plaid

Ondato

MyKYC

Anti-Money Laundering (AML)

Roots Innovation Labs

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

Home

Anti-Money Laundering (AML) Software

MyKYC

Overview

What is MyKYC?