FAQs – Frequently Asked Questions

Online identity verification refers to verifying a person’s identity by authenticating an individual’s traits by using AI-integrated technology. It includes verifying details from government-issued documents like name, date of birth, address, and more.

KYC refers to verifying customers, whereas, KYB includes identity verification of companies and suppliers.

Yes. We offer customers video KYC solutions to help verify remote customers.

eKYC means the digitized form of KYC or ‘Know Your Customer’. eKYC is the paperless format or digital process of verifying customer identities by electronic mode.

KYCC or Know Your Customer’s Customer is an extension of KYC. It helps to know the parties your customers are dealing with and their source of capital.

AML refers to activities performed by financial institutions to achieve compliance with regulatory obligations. It is to monitor risks, detect suspicious activities and prevent money laundering, terrorism financing.

AML or anti-money laundering is a broad term that includes all efforts undertaken by financial institutions and other companies to prevent illicit activities. KYC or Know Your Customer refers to identifying and verifying customers’ identities to ensure they are who they say they are.

UBO or Ultimate Beneficial Owner is the ultimate (direct/third-party) beneficiary of the business. He holds a minimum of 10-25% of the company’s capital and voting rights. He is the one on whose behalf a financial transaction is conducted.

Digital identity verification is quite easier to perform. Customers have to scan their government-issued ID documents, submit a selfie to clear biometric checks, get through liveness detection, and it’s done. Later, an identity verification expert matches the information entered with a wide database stored and gives results in seconds.

The accepted KYC documents are social security card, passport, driving license, credit/debit cards, employee ID card, national ID card, ration card, utility bills, voter ID card, salary slips, income tax returns, bank statement, and bank passbook.

Yes! Our services can fulfill the identity verification needs of all companies, regardless of their size.

We are fully GDPR compliant. The customer data is secure as encrypted with SSL.

We facilitate document verification, online identity verification, biometric authentication (face verification & liveness detection), and two-factor authentication.

We support 2,100+ document types across the globe including the social security card, passport, driver’s license, and more.

Our identity verification solutions are meant to cover all industries including banks and financial institutions, cryptocurrency, retail & e-commerce, and more. Check the entire list at www.xyz.com (insert link of industries page)

As online identity verification is powered by Artificial Intelligence, machine learning, and advanced tools, it just takes 3-10 seconds to verify a customer’s identity.

PEP or Politically Exposed Person is an individual who is highly susceptible to bribery or corruption. They hold a prominent public image for being a part of money laundering or similar fraudulent activity. Thus, they pose a high risk to financial institutions and other companies.

Sanctions lists include individuals involved in financial crimes or terrorism activities. These lists are sourced from government agencies, international regulators, and law enforcement companies.