Know Your Customer
HooYu Identify is a global identity confirmation service designed to help regulated firms comply with KYC regulations
In this age of data breaches, just checking a database is no longer the defence it used to be
As more and more data is available for fraudsters to perpetrate identity theft, traditional approaches to KYC such as database checks, are often now supplemented by other identity technologies such as ID document validation, proof of address matching and digital footprint analysis. At HooYu, our approach to Customer Due Diligence is to blend multiple identity techniques in a seamless process, enabling MLRO’s to migrate risk, whilst increasing onboarding rates.
HooYu Identify helps us to comply with money laundering regulations and to prevent fraud
HooYu Identify can be used sequentially after a database identity check or as a primary check where there is no local identity database available. The HooYu approach to customer due diligence is unique, not only by combining identity verification technologies, but also by generating 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.
Improve the strength of your Know Your Customer process