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KYCAID Review

KYCAID
Our score: 8.0 User satisfaction: 98%

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.

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Overview 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.

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Overview 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

An award given to products our B2B experts find especially valuable for companies

KYCAID Position In Our Categories

Since companies have distinct business-related requirements, it is only prudent that they avoid settling on a one-size-fits-all, ”best” software system. Nonetheless, it is almost impossible to chance on such an app even among recognizable software systems. The better thing to undertake would be to set down the different major factors that need analysis such as major features, pricing, technical skill levels of staff members, organizational size, etc. Then, you must conduct the product research exhaustively. Browse through these KYCAID evaluations and look into the other software programs in your list in detail. Such all-encompassing product investigation ascertains you circumvent ill-fitting apps and pay for the one which offers all the function your company 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 might also be a good idea to investigate other subcategories of Compliance Management Software listed in our database of SaaS software reviews.

Every company is different, and might need a particular type of Compliance Management Software solution that will be adjusted to their company size, type of clients and staff and even particular industry they deal with. It's not wise to count on locating an ideal app that is going to be suitable for each business regardless of their background is. It may be a good idea to read a few KYCAID Compliance Management Software reviews first and even then you should remember what the service is supposed to do for your company and your staff. Do you require an easy and straightforward app with only basic functions? Will you actually use the advanced functionalities required by experts and large enterprises? Are there any particular tools that are especially practical for the industry you operate in? If you ask yourself these questions it will be much easier to locate a reliable service that will match your budget.

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

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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 make a decision to get a Compliance Management Software it’s important not only to find out how professionals score it in their reviews, but also to find out whether the actual users and enterprises that bought it are indeed satisfied with the service. Because of that need we’ve designer our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and KYCAID reviews across a broad array of social media sites. The information is then displayed in a simple to digest form showing how many people had positive and negative experience with KYCAID. With that information at hand you should be prepared to make an informed buying 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?

  • email
  • phone
  • live support
  • training
  • tickets

What integrations are available for KYCAID?

No information available.

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Nestor Gilbert

By Nestor Gilbert

Nestor Gilbert is a senior B2B and SaaS analyst and a core contributor at FinancesOnline for over 5 years. With his experience in software development and extensive knowledge of SaaS management, he writes mostly about emerging B2B technologies and their impact on the current business landscape. However, he also provides in-depth reviews on a wide range of software solutions to help businesses find suitable options for them. Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges.

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