Enabling Banks to perform ID verification to enroll customers for new services and confirm sensitive transactions. IdCloud KYC is part of the IdCloud SaaS suite of services including KYC, Fraud Prevention and Strong Authentication.
Banks need to set up appropriate identity verification mechanisms to secure the enrollment of new customers to their services and comply with stringent and evolving regulations such as PSD2 in Europe. Moreover, many financial services requires more stringent identity verification and genuine user confirmation during the entire usage life cycle. Services such as money lending and international remittance or remediation require ID verification to mitigate risks.
IdCloud KYC verification solution is a fast and convenient way for banks to deploy and manage identity fraud. It protects enrollment to their services and eliminates fraud stemming from identity theft, while allowing banks to remain compliant with new regulations, and yet deliver secure, simple and enjoyable customer experiences.
Banks can orchestrate the optimal customer journey by assembling KYC, Fraud Prevention and Authentication scenarios using the SaaS build blocks described in the diagram below:
ID Verification using best in class Physical and Digital document verification, Facial recognition using liveness detection, Anti Money Laundering (AML) checks and video checks
a comprehensive set of risk assessment modules evaluating the risk of a given transaction for a Policy Manager to deploy to appropriate of security steps.
Strong Authentication & Mobile Security
Solutions for a seamless yet strong authentication in line with Regulations such as PSD2
Banks use all three components of IdCloud to assemble scenario that deliver seamless a customer journey, compliant to security Regulations such as PSD2 in Europe, scalable in the future as IdCloud SaaS modules constantly provide new build blocks
IdCloud KYC ID Verifcation combined best-in class Physical and Digital document verification
Thales brings a unique ID document security feature expertise for documents in more than 100 countries