KYCAID Review
What is KYCAID?
KYCAID is a KYC and AML compliance solution that features all the tools needed to ensure that international and local compliance and regulations are met with ease. It aims to help simplify business processes, accelerate customer interaction, prevent fraud, onboard only credible users, and more.
By verifying the authenticity and originality of the document as well as the user’s personal information, KYCAID delivers real-time document verification. Furthermore, it offers facial recognition identity verification by using the client’s selfie to compare it to the ID photo. KYCAID also verifies the fund’s sources and the authenticity of the supporting documentation following the provisions of the Law on Money Laundering and Terrorist Financing Prevention.
In addition, KYCAID verifies a person’s address by comparing it to authorized documents like utility bills or bank records. To help guarantee that your company remains AML&KYC compliant, you can also verify the PEP, Sanction, and watchlist status of the person to prevent engaging with high-risk individuals or organizations.
Show MoreOverview of KYCAID Benefits
Quick ID Verification
Use Kycaid automated verification to quickly and accurately verify identification papers. The system recognizes and verifies all conceivable fields and checksums using AI algorithms, and it contrasts data from the MRZ code with data from the document’s visual portion. The system will give you a thorough report outlining the reasons why the verification process failed if it discovers documents that are fake or of questionable quality.
Payment and Source of Fund Verification
You can quickly spot fraud in advance thanks to KYCAID’s smart payment method verification, which lets you look through all payment transactions you receive and obtain detailed information about the money’s origin. Additionally, KYCAID ensures that your customers get their money legally, abiding by all the rules and regulations both locally and internationally.
Database Screening
With the aid of KYCAID’s sophisticated database screening, you can eliminate the dangers associated with working with con artists and those who are subject to any sort of sanctions. You can quickly filter many databases with Kycaid to learn a lot about a person’s identification and history. KYCAID checks The United Nations Security Council Consolidated List, (ESMA), the United Kingdom Ministry of Finance, the US Treasury Department, the Global PEP list, the FBI, local wanted lists, and many more.
Show MoreOverview of KYCAID Features
- ID Document Verification
- Video Verification
- Source of Funds Check
- Payment Fraud Prevention
- Database Screening
- Liveness Check
- KYB
- Age Verification
Awards & Quality Certificates
KYCAID Position In Our Categories
Since companies have their own business requirements, it is only reasonable that they steer clear of buying a one-size-fits-all, ”best” business program. Still, it is hard to try to discover such an app even among widely used software products. The rational thing to undertake would be to write the different chief aspects which merit consideration such as critical features, plans, technical skill capability of staff members, company size, etc. Next, you should perform the product research to a full extent. Go over these KYCAID review articles and scrutinize the other software systems in your shortlist more closely. Such well-rounded research ascertains you drop poorly fit applications and pay for the one which offers all the function your business requires to realize efficiency.
Position of KYCAID in our main categories:
TOP
50
KYCAID is one of the top 50 Compliance Management Software products
If you are considering KYCAID it may also be sensible to examine other subcategories of Compliance Management Software listed in our base of SaaS software reviews.
There are well-liked and widely used applications in each software group. But are they automatically the best fit for your company’s special wants? A popular software product may have thousands of users, but does it present what you require? For this reason, do not blindly shell out for popular systems. Read at least a few KYCAID Compliance Management Software reviews and think about the aspects that you wish to have in the software such as the price, main features, available integrations etc. Then, shortlist a few apps that fit your needs. Try out the free trials of these platforms, read online reviews, get explanations from the seller, and do your investigation thoroughly. This profound research is certain to assist you find the best software application for your company’s unique wants.
How Much Does KYCAID Cost?
KYCAID Pricing Plans:
Free Trial
Enterprise Plan
Contact vendor
Document Verification
€0.50
Facial Verification
€0.25
AML Screening
€0.10
What are KYCAID pricing details?
KYCAID Pricing Plans:
Free Trial
Enterprise Plan
Contact vendor
Document Verification
€0.50
Facial Verification
€0.25
AML Screening
€0.10
KYCAID offers an enterprise pricing plan that suits big corporations. It also provides a module-based system for growing businesses; allowing them to only choose and pay for the features they need. Check the vendor website for more details.
Enterprise Plan – By quote
- Custom Price
- Dedicated compliance team
- Dedicated account manager
- Data extraction from custom fields
- White labeling
- Custom databases
- Legal support
- Change requests development
Document Verification – €0.50
- Name Verification
- DoB Verification
- Document Expiry Date
- Document Number
- Forgery check
- Mrz codes
Facial Verification – €0.25
- Liveness check
- Static selfie
- Selfie with document
- Selfie with credit card
AML Screening – €0.10
- PEPs
- Sanctions
- Watchlist
- OFAC Sanction Lists
User Satisfaction
Positive Social Media Mentions
115
Negative Social Media Mentions
2
We realize that when you decide to purchase a Compliance Management Software it’s vital not only to see how professionals rank it in their reviews, but also to check if the real users and enterprises that purchased this software are indeed happy with the service. Because of that need we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and KYCAID reviews across a vast array of social media sites. The data is then presented in an easy to understand way showing how many customers had positive and negative experience with KYCAID. With that information at hand you will be equipped to make an informed purchasing choice that you won’t regret.
Technical details
Devices Supported
- Android
- iPhone/iPad
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
- German
- Spanish
- French
- Russian
- Portugese
Pricing Model
- One-time payment
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for KYCAID?
No information available.
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