Know Your Customer (KYC)
Enable frictionless customer onboarding with W2's fully automated global KYC solution, designed to meet your compliance needs whilst streamlining your customer journey.
Create a tailored, end to-end compliance flow fit for your specific needs whilst removing the need for manual processes.
- Reduce customer drop-offs.
- Maximise your revenue.
- Comply with current and future regulations.
- Use as a standalone solution or combine with our AML and Fraud Prevention solutions.
The KYC Verification Process
This step will ask the individual to input basic information such as full name, date of birth, and address. In real time W2 will compare the information against global data sources to verify the identity of the customer. Input fields are customisable to your needs.
If the initial KYC check fails / refers, or for enhanced verification you can add W2’s automatic or manual document verification with facial comparison solutions to ensure you don’t lose legitimate customers.
As part of your workflow, you can add PEPs and Sanctions checks in the back end to verify that your customer isn’t attempting to launder money and to comply with the latest AML directives.
Once your customer has been onboarded with your business, you can choose to monitor that individual for any changes in their current situation. W2 gives you the option to monitor as little or as often as you would like.
We know how important tracking and measuring success and activity is. All KYC & AML checks plus more can be viewed on the W2 portal and results can be exported, meaning your compliance teams can easily analyse your data.
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Our team can help.
Global Coverage – over 160 country and regional data sets available.
Access to multiple global suppliers with thousands of local data sources.
Failover and waterfall options ensuring maximum match rates, with minimum downtime.
Accurate matching to meet global regulatory standards.
Immutable audit trail, reporting and alert remediation.
Available via API integration and web portal access for real-time results.
Failing to comply with regulatory requirements can lead to reputational damage, fines, and even suspensions. W2 will give you the tools needed to comply with current and future regulations, the resources needed to simplify the process, and 24/7 support to help whenever you need it.
W2 pulls data from thousands of global data sources, updated in real-time. We know that onboarding is only half of the process; Global watchlists, PEPs, Salacious Names, and Adverse media offer a seamless monitoring process.
Just performing KYC checks within the onboarding journey is not enough to remain fully compliant. W2 offers a full audit trail to ensure that your compliance process will meet regulatory requirements and stand up to audit.
By matching your customer demographics with the ideal data source, W2 will accelerate your global growth plans. The addition of failover enables you to always have access to the best data available.
We Solve Your Problems
The compliance process can be complicated, but only if you choose the wrong partners. W2’s team have decades on knowledge in the Regtech space and will be able to work with you to find the best solution, fit for your custom needs. W2’s KYC solution can be integrated via API, SDK, or used within the web portal. We offer technology which is constantly evolving and improving, to ensure you can focus on growing your business.
The Complete Compliance Package
Avoid multiple supply contracts, integrations, and invoices with W2. The W2 Platform is specifically designed to scale with your business and offer a true all-in-one compliance solution. Save the time and resource dealing with multiple providers, let W2 do the work for you.