How does Velocity KYC/ Onboarding work?
Upgrade your KYC process to a dynamic, contextual approach that automatically updates in response to data and behavioral changes that could flag risk with the best KYC software.
- Capture customer information from the onboarding solution.
- Evaluate customer risk segments through a comprehensive customer risk scoring framework.
- Administer the trigger-based configurable questionnaire.
- Capture and maintain multiple Beneficial Owner Information for new accounts and existing customers.
- Collect customer documents based on government guidelines.
- Scan customer data against global sanctions list, internal list, PEP, and more, to identify high-risk customers.
- Generate case and file SAR in case of any suspicious activity.