Customer Due Diligence
HooYu Identify combines a variety of identity verification technologies to form a stronger, more robust due diligence process for re-verification
Avoid hefty fines and reverify your existing customers with HooYu
Many banks and financial service providers have recently been fined millions of pounds for failures to meet AML compliance requirements to reverify the identity of existing customers. HooYu Identify is relied on by financial service institutions to reverify their existing customers with a unique blend of database checks, ID document authentication, proof of address matches and digital footprint analysis on a risk-based-approach.
HooYu enables us to verify customer details and customer identity documents at any point in the customer lifecycle
At HooYu we work with our clients to help them deploy customer re-verification processes across their channels and at relevant points in the customer lifecycle. The HooYu approach combines identity verification technologies to create a stronger identity verification process that clients can use for a risk-based-approach. However, we don’t stop there, HooYu Identify generates an identity confidence score by cross-referencing the identity attributes gleaned from the sources used.
If you want to learn more about the HooYu identity confidence score, please get in touch for a demo.
Reverify customer identity on a risk-based approach