Question: Can you suggest a solution that automates customer onboarding while ensuring compliance with KYC and AML regulations?

Onfido uses AI-powered verification to automate customer onboarding and ensure global compliance with KYC and AML requirements. Its solution includes features like Smart Capture SDK, Global Verification Suite, and Atlas AI for automated onboarding and identity verification. It also offers a Compliance Suite with pre-built solutions for Europe, making it a good option for businesses looking to onboard customers quickly and reduce identity fraud risk.

Another good option is Trulioo, which offers a wide range of tools for KYC and AML compliance. Trulioo verifies identity, documents and businesses in 195+ countries and 14,000+ document types. It offers real-time identity document verification, business verification for 300 million+ global businesses, and global watchlist screening, making it a good fit for industries like banking, payment services and cryptocurrency.

Veriff also offers a full identity verification system that combines AI with human verification teams to ensure compliance and thwart fraud. It supports more than 11,500 government-issued IDs from 230+ countries and offers features like biometric verification, age validation and fraud mitigation, making it a global option for businesses looking to build customer trust and conversions.

For a service geared specifically for the financial industry, Alloy is an identity data orchestration platform that automates identity verification, AML monitoring and fraud prevention across the customer lifecycle. It offers continuous monitoring, compliance management and credit underwriting decisions, making it a good fit for banks and fintechs that need to onboard customers securely and efficiently.