TrustCloud KYX
Verification of clients (KYC) and businesses (KYB) in seconds, mitigating fraud, risk, and financial crime.
Part of the TrustCloud platform. Pilot, our Decision AI, composes the right verification for each case at runtime.
KYB (Know Your Business)
The digitalisation of the KYB corporate strategy helps automate workflows related to compliance tasks (AML & KYB), analyses the Ultimate Beneficial Owner (UBO) structure, reduces manual back-office operations, makes the most of digital processes, decreases fraud risk, and allows companies to focus on key legal and compliance considerations.
Verification & validation of companies in real time.
Access government databases and public registries.
Risk reduction of forged document fraud.
Verification adapted to each company.
Transparent verification.
Monitoring of company’s performance & financial health.
Transaction tracking.
Reduce manual identity verifications.
KYC (Know Your Customer)
KYC (Know Your Customer) is the mandatory process of identifying, verifying and analysing the risk of the client’s identity when making a transaction, opening an account and periodically over time.
The KYC approach has been created to help companies comply with anti-money laundering (AML), KYC regulations, and to support the international electronic identity verification requirements of different regulated sectors and entities.
Immediate customer acquisition.
Online fraud risk mitigation.
AML regulation compliance.
Enhance fraud detection.
Easy integration.
KYE (Know Your Employee)
Know Your Employee (KYE) is the ongoing verification and monitoring of your workforce, from onboarding and throughout each employee’s tenure. It helps detect internal fraud, conflicts of interest, money laundering and regulatory non-compliance.
Verify identity and employment history.
Access reputational risk factors.
Automate ongoing compliance monitoring.
Integrate with HR and compliance processes.
Document evidence for audits and inspections.
FAQS
What can KYX offer to your company?
KYX choreographs the controls and assurances you need to comply with anti-money laundering (AML) and specific KYC/KYB regulations, and to meet the electronic identity verification requirements of regulated sectors across jurisdictions. It gives you a clearer view of your stakeholders, helps prevent online fraud, and blocks cyber attacks against your business.
What is AML compliance?
An anti-money laundering (AML) programme is a set of regulations and procedures that financial institutions and other entities follow to prevent and detect money laundering or terrorist financing activities.
Who is required to comply with AML?
Many firms, especially those whose business revolves around money, such as banks, casinos or online game providers, must comply with the Bank Secrecy Act in the US or with other transnational regulations, such as the European 5th anti-money laundering directive or the FATF rules. The purpose of the AML rules is to help detect and report suspicious financial activity, including the predicate offences to money laundering and terrorist financing, such as securities fraud and market manipulation.
