Regulatory Compliance Screening Services

Compliance regulations are constantly changing, and new compliance and privacy legislations are continuously being created by various countries. The consequences of not adhering to compliance regulations can be costly for businesses and other organizations. Verif-y’s compliance solutions allow these entities to trust unknown users, customers and investors in a prompt, efficient, auditable and secure manner.

Verify’s compliance services include KYC (Know Your Customer), KYB (Know Your Business) Anti-Money Laundering (AML), Accredited Investor (ACI), Source of Funds (SOF) and more. Verif-y’s platform also allows your business/entity to provide specific credentials which can quickly eliminate any individuals or organizations who fail to meet your criteria.

How does it work?

Verif-y provides the client with a simple, cost effective, one-stop-shop solution to meet the ever-shifting landscapes of banking compliance, and other regulatory legislation (e.g. GDPR, CCPA, and more). For example, Verif-y’s KYC platform already includes Anti-Money Laundering(AML) screening, and the option to supplement your KYC process with other screenings such as Accredited Investor (ACI.) Verif-y’s compliance algorithms analyze user-entered or generated data against various data points and sources in order to generate a decision based on your specific business practices and compliance rules.

Secure

Secure blockchain technology and multiple levels of encryption ensure that personal and professional data are safe.

Cutting costs

Financial firms spend up to $50 billion annually on KYC and AML compliance. Verif-y cuts costs by removing the need for compliance to be performed internally and avoiding costs associated with maintaining compliance with privacy laws and regulations.

Customizable

Our modular platforms allow clients to set complicated criteria, then leverage seamless SaaS dashboards to ensure that those criteria are met when onboarding new users, clients or investors.