Veriphy is designed primarily for regulated and parallel entities who need to maintain AML and regulatory compliance, increase client onboarding speed with optimal customer experience and minimal time to revenue, and mitigate and control risk within a secure data environment.

Its online AML, KYC, KYB , PES personal identity and entity verification checks fit to AML and POCA regulations and JMLSG guidelines whilst providing flexible and user-friendly customer experience.

Veriphy’s services enable its clients from legal, accountancy, financial, banking, property, conveyancing, insurance and other regulated sectors to:

orchestrate, automate and optimise perpetual compliance & onboarding processes
boost customer experience
accelerate revenue
avoid regulatory penalty
minimize risk and exposure to fraud

Veriphy solves these problems:

The requirement to comply fully with AML legislation in order to avoid costly fines by regulators and reputational damage
The requirement to onboard new clients with maximum speed, optimal customer experience, and robust security in order to ensure rapid access to solid customer revenue streams
The increasing risk from fraudulent bad actors and concomitant financial and reputational damage

Veriphy's ISO27001-certified secure verification platform offers a unique combination of checks from multiple digital sources via a web UI or a single highly-malleable API hub, offering both full compliance and operational best-fit with workflow, packaged within a service delivery model based on flexibility, security, rapid support, and excellent customer service.

Top features include:

AML/KYC checks – JMLSG compliant, employing ER, CRA, mortality, and departure data, with PEP/Sanctions elements monitored or one time only
Global sanctions checks on people, entities, vessels and aircraft
Biometric and document scan checks with liveness detection
Experian Fraud Score – offering consortium-level assurance without the associated complexities
Adverse credit data screening to detect beneficiary bankruptcies
Bank account verifications – confirm linkage between account, name and address
Source and Proof of Funds Checks – open-banking powered account analysis with fact-find questionnaires
KYB checks for UBO detection on UK LTDs, LLPs, charities, with ability to report on dormant entities
International KYB and ID checks
Online AML training modules
Flexibility in proposition, channel, and commercials
Access is via UI, secure batch, or check compilation using granular data drawn from our API. Alternatively, choose from our unmatched range of products for simple injection into workflow
Friendly guidance at every stage

Veriphy has been serving the regulated sector since 2007.

Veriphy AML Onboarding and Compliance Platform

de Davies Group