KYCexpert's verification process
KYCexpert's verification is carried out through an API integration. The first step is to identify the entity and the entity's beneficial owners. This is achieved through the compilation of data and information relating to the entity following a search from various databases into one "easy to navigate" dashboard.
VIDEO VERIFICATION IN REAL-TIME
Following the identification of the beneficial owners, the next step is to contact each beneficial owner to facilitate live verification which is conducted in front of a webcam. The user is asked to display their ID document in front of the camera. By default, KYCexpert supports any or all of the following documents; an ID card, Driving License or Passport as accepted in the issuing jurisdiction. This can be further customized on request.
LEVERAGING ARTIFICIAL AND HUMAN INTELLIGENCE
Our machine learning algorithms are used to confirm the identity via artificial and human intelligence.
An in-depth background check is conducted to ensure the user is not an individual that is 'at risk'.
KYCexpert's enhanced technology detects liveness, photo-shopped images, false video streams and relative placement of features to ensure that the person whose document has been submitted is physically present. We ensure that during live verification a cropped image or cropped video fails verification.
A comprehensive KYC / KYB report for both the individual and the entity will be available for your records and to provide oversight where required.