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
Because companies have unique business demands, it is only wise that they steer clear of seeking an all-in-one, ideal software system. Nevertheless, it would be difficult to try to pinpoint such a software solution even among branded software products. The rational thing to undertake would be to tabulate the various key aspects that call for a inspection such as major features, price terms, technical skill ability of the employees, organizational size, etc. Next, you should double down on your research fully. Have a look at some of these KYCAID evaluations and look into the other software options in your list more closely. Such comprehensive product investigation ascertains you stay away from poorly fit apps and pay for the one that includes all the aspects your business requires.
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 could also be a good idea to analyze other subcategories of Compliance Management Software gathered in our base of SaaS software reviews.
Since each organization has specific business needs, it is advisable for them to refrain from searching for a one-size-fits-all faultless software solution. Needless to say, it would be useless to try to find such an app even among market-leading software platforms. The intelligent thing to do would be to jot down the various important factors that require consideration such as key features, finances, skill levels of workers, company size etc. Then, you should do your groundwork thoroughly. Read some KYCAID Compliance Management Software reviews and investigate each of the other solutions in your shortlist in detail. Such exhaustive groundwork can make certain you reject ill-fitting platforms and select the app that offers all the elements you need for business success.
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 are aware that when you decide to buy a Compliance Management Software it’s crucial not only to learn how experts rank it in their reviews, but also to check if the actual clients and enterprises that bought this software are genuinely content with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and KYCAID reviews across a wide range of social media sites. The data is then featured in an easy to digest form revealing how many clients had positive and negative experience with KYCAID. With that information available you will be ready to make an informed business decision 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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