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
Knowing that businesses have special business-related needs, it is only practical that they abstain from picking a one-size-fits-all, ideal system. Needless to say, it is hard to try to come across such an app even among popular software products. The best step to do would be to note down the several key aspects which call for a consideration like essential features, packages, skill levels of staff, business size, etc. The second step is, you should conduct the research exhaustively. Have a look at some KYCAID evaluations and explore each of the software programs in your list in detail. Such all-encompassing research guarantee you keep away from ill-fitting apps and choose the system which delivers all the benefits your company requires to achieve growth.
Position of KYCAID in our main categories:
TOP
50
KYCAID is one of the top 50 Compliance Management Software products
If you are interested in KYCAID it could also be sensible to check out other subcategories of Compliance Management Software listed in our database of SaaS software reviews.
Since each organization has particular business needs, it is sensible for them to abstain from searching for a one-size-fits-all perfect software application. Needless to say, it would be useless to try to find such an app even among widely used software solutions. The clever thing to do would be to jot down the various vital aspects that need consideration such as required features, budget, skill levels of staff members, company size etc. Then, you should do your homework thoroughly. Read some KYCAID Compliance Management Software reviews and look into each of the other apps in your shortlist in detail. Such in-depth groundwork can make certain you discard ill-fitting systems and zero in on the system that presents all the aspects you require 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 make a decision to purchase a Compliance Management Software it’s important not only to find out how professionals rank it in their reviews, but also to find out whether the actual users and companies that purchased these solutions are actually happy with the product. Because of that need we’ve devised our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and KYCAID reviews across a wide range of social media sites. The information is then featured in an easy to understand form showing how many people had positive and negative experience with KYCAID. With that information at hand you will be equipped 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?
- phone
- live support
- training
- tickets
What integrations are available for KYCAID?
No information available.
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