Simple KYC – Verify Lite

Automated due diligence

Simple KYC provides automated solutions to conduct due diligence, on individuals and businesses, throughout the customer life cycle.

Solution Offering

  • Automate the verification, profiling, and unwrapping of complex ownership structures whilst screening for risks
  • Comprehensive report including entity verification, resolution of beneficial ownership, ownership visualisation and risk flags
  • Verify all entity types against reliable, third party data sources
  • Direct to register data sources (ASIC, ABR)
  • Receive flags on potential risk

Benefits

  • Save on operational costs
    • Increased productivity
    • Consolidate vendor landscape and reduce total costs
    • 20-40% reduction on KYC operating costs
  • Superior customer experience
    • Onboard clients faster and give access to their product sooner, by removing manual time lags
  • Safer compliance controls
    • Adherence to policy
    • Full audit trail and tracking capabilities
    • Reduced operational risks associated with manual errors by automating the business verification process

Our purpose is to empower corporations and organisations to forge safe business relationships.