Question: Can you recommend a platform that helps with KYC and AML risk assessments for financial services companies?

For financial services companies that need to perform more detailed KYC and AML risk assessments, Trulioo offers a more advanced identity verification platform. It offers tools to verify identities, identity documents and businesses in 195+ countries, including real-time verification of more than 11,800 types of documents. The platform also offers global watchlist screening and business verification for 300 million+ businesses around the world, making it a good fit for banking, payments and online trading.

Another good option is Ekata, which focuses on global customer identity verification and fraud prevention. With machine learning insights, Ekata helps businesses onboard new customers with confidence, optimize manual review queues and stop fraudulent activity. Its suite of tools, including Identity Review 360 and Transaction Risk API, helps businesses meet KYC and AML requirements and lower risk while improving the customer experience.

LexisNexis Risk Solutions offers a range of financial crime compliance tools using advanced analytics, machine learning and AI. The platform offers a complete view of customer and third-party risk, including tools like Customer Identification Program, Customer Due Diligence and Watchlist Screening. It's good for financial institutions and businesses looking to improve their financial crime risk management and compliance.

If you're looking for a platform that handles both AML compliance and fraud prevention, check out Flagright. Flagright's AI-native AML compliance and fraud prevention platform offers automated case management, real-time transaction monitoring and AI-based risk scoring. It's designed for fintechs, banks and other financial services companies to monitor and screen for financial crimes, with real-time insights and improved productivity while lowering false positives and manual task hours.