Risk: Concepts and management strategies
November 4, 2020
EAERA Data Analysis Services
November 9, 2020
eKYC: Meaning and Importance
KYC has become standard business practice globally in the era of regulation in the financial industry. All stakeholders must be protected which is in the best interest for all parties concerned, especially where a lot of money is at risk. By complying with policies, financial entities reduce the financial risks of their business arrangements with their clients.
Partnership with Sumsub
It was imperative that EAERA adopted a fully reliable way of performing KYC and AML compliance requirements, together with identity proofing, risk-based authentication, regulatory compliance, and the prevention of identity fraud. Now our clients have the opportunity to integrate their platform with eKYC system developed by Sumsub.
Why Sumsub?
Subsum was founded in 2015 and until now it counts more than 700 clients.
AI-based identity verification software
ID Document verification
Integrity, authenticity checks, and database checks.
Biometric checks
Matching an ID with a selfie, liveness checks
Screening
PEPs and sanctions lists and third-party databases.AML/KYC service for Europe, North America, and Asia
- Global coverage with 6,500+ types of documents from 220+ countries and territories.
- Risk-based approach that follows global and local regulatory norms (including FATF, FINMA, FCA, CySEC, MAS).
- Personal data protection, whether your customers come from Europe (GDPR), the USA, Asia (PDPA) or the CIS region (FZ-152).
- Ongoing monitoring for document validity and constant checking against all PEPs is included.
