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iComply offers biometric remote KYC, AML services through Microsoft partners

iComply offers biometric remote KYC, AML services through Microsoft partners

iComply Investor Services (iComply) has entered a partnership with Microsoft to make its biometric KYC and AML services available remotely through more than 64,000 providers of Microsoft solutions, the company announced.

The KYC and AML services enable banking-grade identity verification and integration with company website, mobile app or client portal. The tools help financial service providers, financial planners, law firms, mortgage brokers and insurance agents provide verification services for their clients without having to meet in person. They are now available through Microsoft’s Appsource and the Azure Marketplace. iComplyKYC features biometric facial recognition and liveness detection.

“Businesses that rely on face-to-face interactions for client onboarding and identity verification need help closing these gaps in their digital operations,” said Matthew Unger, CEO of iComply, in a prepared statement. “iComply enables businesses to securely deploy unique compliance workflows with clicks, not code, reducing cost and manual processes.”

The compliance tools take a few days to be installed without the need for additional apps or developer help. iComply reduces liability cost and fraud prevention, and claims personal data does not leave the device during the authentication process.

“It’s common for digital onboarding services to send user’s data into unknown jurisdictions or employ hundreds of people to review photos manually for face matching. Conversely, our verification tool uses artificial intelligence for verification and facilitates unique AML workflows by jurisdiction to improve compliance, scalability, accuracy, cyber-security, and unit economics,” added Unger.

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