Question: Is there a tool that can help my business with know-your-customer (KYC) onboarding and AML screening while minimizing friction and maximizing conversions?

If you're looking for a full-featured tool to help your business with know-your-customer (KYC) onboarding and AML screening without friction and with high conversion rates, Veriff could be a good option. Veriff's identity verification system offers advanced features such as AI-powered identity and document verification, proof of address, and biometric verification. It supports more than 11,500 government-issued IDs from 230+ countries and territories, so it's a global solution. With customizable pricing and support for major regulatory standards, Veriff is designed to offer a frictionless user experience, fast decision-making and high conversion rates.

Another top contender is Onfido, which uses AI-powered verification to automate customer onboarding and ensure global KYC and AML compliance. Onfido's services include a Smart Capture SDK for a user-friendly experience, a Global Verification Suite and Onfido Studio for orchestrating codeless verification journeys. It also offers a Compliance Suite with pre-built solutions for Europe, so it's a flexible option for businesses that want to onboard customers quickly and minimize identity fraud risk.

For a more document-centric workflow automation solution, Microblink offers trusted identity verification products, including BlinkID for secure identity document scanning and BlinkID Verify for real-time ID verification. Microblink supports 2,500+ identity documents from 140+ countries and offers a user-friendly experience with industry-leading features and strong security. It's a good fit for industries like banking, finance, insurance and retail, so it's a good option for businesses expanding into new markets while complying with regulations.

Last, Sumsub offers an identity verification platform that handles user verification, business verification, transaction monitoring and fraud prevention. With machine learning algorithms to spot anomalies and a flexible pricing model, Sumsub offers a scalable and secure option for fintech, transportation, iGaming and other industries. The platform can be integrated with existing systems and customized to meet specific needs, making it a flexible option for companies that need to ensure regulatory compliance and prevent fraud.