News

Ondato introduces virtual appointments with face biometrics for KYC

Friday 2 September 2022 14:48 CET | News

UK-based fraud prevention company Ondato has launched a virtual branch service solution that enables banks to provide virtual face-to face appointments.

 

The new solution reportedly offers a series of security tools for secure remote service delivery, including biometric identity verification, e-signatures, and live video discussions, among others. It also automatically ensures consistent workload distribution across physical bank networks by allocating associates to less-busy branches.

According to company officials, the virtual bank branch provided by the new solution can too be a cost-effective physical branch substitute for digital-only banks or as a hybrid approach with video booths in physical branches.

The solution can be provided either as a stand-alone tool or integrated with Ondato’s KYC and anti-money laundering (AML) solutions, including identity verification with video or selfie biometrics, business onboarding, a customer data platform (CDP), and due diligence.

Ondato launches a virtual branch service solution that enables banks to provide virtual face-to face appointment.

 

Ondato also partnered with Hawk AI

Recently, Ondato joined hands with AML transaction monitoring provider Hawk AI. Through this partnership, Ondato and Hawk AI will jointly offer an integrated KYC validation process combined with AML Transaction monitoring and behavioural analytics suite. Both solutions are modular and can be integrated quickly.

Customers will now be able to experience a unified, fast, and transparent process from ID verification to customer and payment screening, data validation, and transaction monitoring. With this new product offering the possibilities to identify suspicious behaviour and intentions of potential criminals increases during the KYC process.

For more information about Ondato, please check out the company profile in The Paypers Company Database.


Source: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: AML, fraud prevention, biometrics, product launch, KYC
Categories: Fraud & Financial Crime
Companies: Ondato
Countries: World
This article is part of category

Fraud & Financial Crime

Ondato

|
Discover all the Company news on Ondato and other articles related to Ondato in The Paypers News, Reports, and insights on the payments and fintech industry: