Why identity verification isn’t ready for complete automation…yet

The limitations of AI and fully automated solutions for identity verification in the financial services industry

Compliance

Accountability

Accuracy

A hybrid approach

  • Sensitive data doesn’t leave the firm’s control at any point in time.
  • Offline records of PII data are secure & in accordance with SEC Rule 17a-4(f)
  • Complete customer identification program “CIP” in accordance with the US Patriot Act Section 326
  • Proprietary anti-gaming features, MRZ scanner and liveness detection
  • KYCware streamlines data collection and displays it in a turn-key user-friendly platform. It typically only takes 1.5 minutes for a compliance team member to verify an investor’s KYC submission and AML screening.

About Horizon

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