Automated and Scalable KYC
Meet compliance requirements globally with customisable KYC processes that keep you compliant while improving conversion rates.
Companies of all shapes and sizes trust us
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Run All Your Processes in One Place
Did you know it's no myth that you can boost sign-ups without increasing drop-offs? By performing the right checks at the right time, you can onboard more users without losing momentum.
ZignSec helps you solve the complicated task of identifying the real person behind every user or transaction. Use our pre-built workflows to get full KYC in seconds.
Identity Knowledge For the Whole Customer Journey
Set up verification checks at key stages to maintain top-notch security and keep conversion rates high. We understand that KYC laws vary across countries, and that's why we've simplified it for you: our KYC module is easy to set up and made to blend seamlessly into your existing workflow.
Sign-Up
Verify the identity of prospective customers quickly and accurately with ZignSec's automated solutions and reduce the risk of drop-off.
User Verification
Use a wide range of tools to verify your users' identities, including ID scanning, liveness verification, face matching, and data verification.
AML Screening
No matter if it's PEP, sanctions, or adverse media checks - we got your AML needs covered. Use data verification, look-ups, and register checks to enhance the results and general data quality.
Ongoing Monitoring
KYC doesn't stop once the customer has created their account. Make use of authentication and ongoing AML monitoring to ensure your clients keep their documents up-to-date and haven't transformed into a risk to your business.
Identify Fraud and Extract Data Automatically
Our advanced document library streamlines recognition and verification. Submit an identity document, and ZignSec instantly extracts key details, enabling swift cross-referencing with official governmental sources.
Advanced document library for efficient recognition
Instant extraction of key identity details with ZignSec
Swift cross-referencing with official governmental sources
FAQs
Compliance and KYC are daunting topics. We have compiled some answers on the most important questions below.
KYC is important for several reasons:
- Preventing financial crimes: It helps identify and prevent money laundering, terrorist financing, and other illegal activities.
- Regulatory compliance: It ensures businesses meet legal requirements and avoid hefty fines.
- Risk management: It allows companies to assess and mitigate risks associated with their customers.
- Building trust: It enhances credibility with customers, partners, and regulators.
Yes, KYC (Know Your Customer) compliance is mandatory for most financial institutions and many other regulated businesses worldwide. In most countries, governmental institutions require organisations to implement KYC procedures to prevent financial crimes such as money laundering and terrorist financing.
The KYC life cycle typically consists of four main stages:
- Customer Identification: Collecting basic identity information from the customer.
- Customer Due Diligence (CDD): Verifying the customer's identity and assessing their risk profile.
- Enhanced Due Diligence (EDD): Conducting additional checks for high-risk customers.
- Ongoing Monitoring: Continuously reviewing and updating customer information and transactions.
KYC compliance is required for various entities, including:
- Banks and credit unions
- Insurance companies
- Investment firms and brokers
- Cryptocurrency exchanges
- Casinos and gambling establishments
- Real estate agencies
- Law firms handling financial transactions
- Any business dealing with significant financial transactions
While closely related, AML (Anti-Money Laundering) and KYC are distinct concepts: KYC is a part of the broader AML framework. It focuses on verifying customer identities and assessing their risk profiles. AML encompasses various policies and procedures designed to prevent, detect, and report money laundering activities, including KYC, transaction monitoring, and reporting suspicious activities.
We enable strict regulatory compliance regardless of industry
The flexibility of our KYC/KYB compliance offerings includes, among other things, industry-specific solutions, global coverage, adaptation to local conditions and a customer-centric approach.