Anti-Money Laundering (AML) benefits financial institutions, businesses, and governments by preventing illicit financial activities, ensuring regulatory compliance, and safeguarding the integrity of financial systems. ezto verify enhances this process by offering robust ID verification solutions that quickly and accurately verify individual’s identities.
During the initial onboarding process, financial institutions use ID verification to confirm customer identities. ezto verify’s solution automates this by verifying government-issued IDs and cross-referencing with reliable data sources.
For high-value or high-risk transactions, ID verification is essential. ezto verify’s real-time verification confirms identities before completing transactions.
Financial institutions regularly update customer information and conduct compliance checks. ezto verify’s solution aids in re-verifying customer identities, identifying discrepancies promptly.