KYC is the process of a business verifying the identity of its customers by using reliable and independent documents or information. Banks usually require their clients to provide the original identification document and keep its copy. The implementation of this procedure is a significant step towards the prevention of financial fraud, identity theft, and money laundering.
The Salt Edge KYC service standardizes and centralizes the collection, verification and administration of KYC information, including, but not limited to: name, surname, date of birth, real physical address, Social Security Number. With this information, companies can take advantage of high quality customer data and an optimized compliance processes that reduce operational risks and costs.
“We believe that the KYC procedure is necessary for every modern organization. Not only can it prevent different kinds of fraudulent activity, but also make the service delivery easier, faster, and cheaper. Salt Edge strives to provide automatization of various processes running within a company and aims to deliver high quality services for a fluent workflow and easier business management,” says Salt Edge CEO Dmitrii Barbasura.
About Salt Edge Inc.
Salt Edge Inc. is a fast-growing innovative company specialized in FinTech. It provides world-leading account data aggregation, customer-oriented money management and white label banking solutions.
Finext White Label banking helps financial institutions worldwide significantly enhance mobile and online user experience and allows people to be aware of their financial situation as well as pathways to improve it. With Finext, financial institutions can benefit from providing targeted and personalized offers to their clients.
Salt Edge empowers its partners to embrace innovation, driving their businesses to the next level. Spectre API supports over 2500 financial institutions across 50+ markets.
Salt Edge Inc. was founded in 2013 and its headquarters are in Ottawa, Canada.