Top 10 KYC Solution Providers 2022
As the pandemic forced the world to shut down in a matter of weeks, it also caused a shift in both criminal behavior, rapidly increasing fraud. As a result, this highlighted several areas within the KYC process that still crucially need development. This led to the development of more advanced and innovative KYC solutions.
Before the pandemic, KYC workflows were complicated, but businesses are dramatically leveraging technology to simplify workflow and KYC management. With leading technology and cloud-based software, businesses can now implement KYC screenings without disrupting any of the current workflows. Comprehensive and a variety of formats are already existing to help businesses to integrate them into existing workflows hassle-free.
Moreover, considering the sheer volume of data that needs to be processed, AI-based solutions are the only way of the future. KYC solutions with integrated AI continue to prevail in the new year and beyond. The advanced solution uses machine learning, AI, and other state-of-the-art technologies to find blind spots to reduce false positives.
To help businesses understand more about the current KYC trends and leverage the potential of some of the most cutting-edge solutions, we’ve developed this special edition on KYC Solution Providers 2022. This edition includes a list of the most innovative KYC Solution Providers in the industry today and insights from the industry veterans and people closer to the KYC space.
Company:
Agreement Express
Management:
David O’Brien
Designation:
CEO
Headquarters:
Vancouver, Canada
Website:
agreementexpress.com
Company:
ComplyAdvantage
Management:
Charles Delingpole
Designation:
Founder & CEO
Headquarters:
London, England
Website:
complyadvantage.com
ComplyAdvantage believes that compliance doesn’t have to be painful. Businesses need real-time financial crime insight to put them in control. They enable Organizations to understand the real risk of whom they are doing business with, through the world's only global, real-time risk database of people and companies. They actively identify tens of thousands of risk events from millions of structured and unstructured data points - every single day.
Company:
Complycube
Management:
Dr. Tarek Nechma
Designation:
CEO
Headquarters:
London, England
Website:
Complycube.com
ComplyCube is a market-leading SaaS platform for automating Identity Verification (IDV), Anti-Money Laundering (AML), and Know Your Customer (KYC) Compliance, with customers across the globe and key sectors such as government, telecoms, financial services, healthcare, and e-commerce. Its cutting-edge technology combines Artificial Intelligence, trusted data sources, and expert human reviewers to offer the most powerful yet the simplest solution in the industry.
Company:
Compulynx
Management:
Sailesh Savani, Founder & CEO
Avijit Dasgupta, Head of Digital Identity & Payment Solutions
Chaula Ganatra, Director of Digital Identity Business
Headquarters:
Nairobi, Kenya
Website:
Compulynx.com
CompuLynx is a pioneer and a leading player in East Africa’s technology solutions space. For over 27 years the ISO-Certified company has and continues to consistently and successfully deliver Technology Solutions into two Practices – Retail Management, Digital Identity and Payment- to over 500+ enterprises in over 37 countries globally.
Company:
HelloFlow
Management:
Mikkel Skarnager
Designation:
Co-Founder & CEO
Headquarters:
Copenhagen, Capital Region
Website:
helloflow.io
HelloFlow provides a no-code digital onboarding platform to build a sleek customer experience and use the latest digital identity verification services to ensure regulatory compliance - without compromising the customer experience. The platform provides instant access to a host of both international and local KYC and AML services, accelerating the customer onboarding process - all without writing a single line of code.
Company:
Jumio
Management:
Robert E. Prigge
Designation:
CEO
Headquarters:
Palo Alto, CA
Website:
jumio.com
When identity matters, trust Jumio. Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through a unified, end-to-end identity verification and eKYC platform. The Jumio KYX Platform offers a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring.
Company:
KYC-CHAIN LIMITED
Management:
Edmund Lowell
Designation:
Founder & CEO
Headquarters:
Connaught Road, Hong Kong
Website:
kyc-chain.com
KYC-Chain is a compliance dashboard and whitelabel customer on-boarding portal enabling companies to perform due diligence on their customers in accordance with CDD/AML/KYC requirements.
Company:
TeleSign
Management:
Joe Burton
Designation:
CEO
Headquarters:
Marina del Rey, CA
Website:
telesign.com
TeleSign is a pioneer and leader in connecting, protecting, and defending the world’s leading brands and their customers as they engage in the digital economy. The world’s most trusted brands rely on TeleSign to secure onboarding, maintain account integrity, prevent fraud, and streamline customer engagement.
Company:
Ubi Secure
Management:
Steve Waite
Designation:
CMO
Headquarters:
Espoo, Finland
Website:
ubisecure.com
Company:
Veriff
Management:
Kaarel Kotkas
Designation:
Founder & CEO
Headquarters:
Tallinn, Harjumaa
Website:
veriff.com
Veriff is a global online identity verification company that enables organizations to build trust with their customers through intelligent, accurate, and automated online IDV. With the largest document specimen database on the market, Veriff’s intelligent decision engine analyzes thousands of technological and behavioral variables in seconds, matching people to more than 10,000 government-issued IDs from over 190 countries.