APLYiD

4 reviews

APLYiD is a cutting-edge digital identity verification and Anti-Money Laundering (AML compliance solution designed to streamline customer onboarding processes. By leveraging advanced biometric technology, APLYiD enables businesses to verify customer identities swiftly and securely, ensuring compliance with Know Your Customer (KYC regulations. The platform offers a seamless user experience, reducing the time and complexity traditionally associated with identity verification. Key Features and Functionality: - Biometric ID Verification: Utilizes facial recognition technology to match user-generated selfies with official identification documents, confirming the individual's identity with high accuracy. - Document Verification: Scans and authenticates over 16,000 types of identification documents, such as passports and driver's licenses, ensuring their validity and integrity. - AML and KYC Compliance: Automates checks against global databases to identify Politically Exposed Persons (PEPs and individuals on sanctions lists, aiding in compliance with international regulations. - Seamless API Integration: Offers a flexible, open API that integrates effortlessly with existing systems, allowing businesses to customize the solution to their specific needs without extensive development work. - Rapid Onboarding Process: Completes the entire verification process in under 90 seconds, minimizing customer drop-off rates and enhancing the overall user experience. Primary Value and Problem Solved: APLYiD addresses the critical need for efficient and secure customer onboarding in industries requiring stringent identity verification and compliance measures. By automating the KYC process and employing advanced biometric technology, the platform reduces manual errors, accelerates verification times, and ensures adherence to AML regulations. This not only enhances operational efficiency but also improves customer satisfaction by providing a quick and hassle-free onboarding experience. Businesses benefit from reduced compliance risks and the ability to onboard customers remotely, expanding their reach and adaptability in a digital-first world.