Companies in the banking industry are faced with increasing levels of technology used against standard methods of AML (Anti-Money Laundering). This is mainly due to the move from opening and accessing accounts in person, to the use of remote or virtual access to accounts from customers and clients in a variety of locations around the world.
To stay within requirements, remote AML screening solutions must be robust and designed to stay ahead of the technology used by criminals. This includes having the system flexible and responsive to new threats and any possible system vulnerabilities created by hackers and criminals with the intent to fraudulently open or access accounts.
Ability to Accept Documents
In an increasingly global economy, all AML screening solutions should be designed to accept identification documents from individuals around the world. This could include passports, driver’s licenses, work visas, or the use of specific types of identification cards.
Not all systems that offer AML and KYC services are able to accept documents from all countries and areas of the world. This creates problems with security and also causes delays for customers and unnecessary risks for financial institutes.
Practical, Secure, and Accurate
All AML screening solutions should offer fast results. Some of the top providers offer average recognition speeds of just 500ms, with a high degree of accuracy and the ability to work both online and offline.
Practical considerations also mean ease of integration with other security measures already in place. Some systems are designed to be customized, allowing for a seamless experience for customers using remote access technology.
The AML screening solutions offered by Accura Scan are used around the world to provide accurate, practical, real-time authentication. To learn more about our products, see us
