Use cases

KYC automation

(know your customer)

Challenges
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Bad actors are continually evolving and integrating new ways to mask their identity. You need a solution that can go deeper than just a simple document check.

We offer a comprehensive and detailed identity verification process that combines high tech biometrics matching with robust global documentation authentication.

Solution
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Preventor Compliance is a robust AI-driven tool that makes KYC as easy as 1-2-3.

Your clients are taken through a fast and straightforward process that includes ID capture and selfie certified liveness detection. Good customers are verified and approved immediately, while risky ones are sent for manual review. The collected information can then be uploaded to a customer management platform and shared within the company.

KYB verification

(know your business)

Challenges
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Bad actors have gotten extremely good at hiding beneficial ownership through using layers of shell companies, and tax havens. Regulators expect you to know who owns the companies that you do business with so that you can comply with anti-money laundering, anti-bribery and economic sanctions regulations.

You must verify the existence of firms and prove that criminals, terrorists or sanctions evaders do not own the business. Manually investigating entities is extraordinarily time-consuming and inefficient.

Solution
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You can verify your business client's identity, conduct due diligence, assess risk, and screen against sanctions list all with one integrated tool – Preventor Compliance.

Gain access to vast databases of company information, including IRS records and business registration. Our product supports complex ownership structure research and the latest in ultimate beneficial ownership requirements. You can also visually see company ownership by using our corporate family tree feature.

Customer onboarding

In less than 60 sec

Challenges
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Accelerating your sales and onboarding process requires the ability to onboard customers to new services online, through mobile and remote digital channels.

However, to ensure complete confidence in digital onboarding, while preventing fraud, it is vital that the authenticity of a customer's identity is established from the outset while preventing fraudsters from entering the system.

Solution
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Our integrated platform ensures that your customer is who they claim to be and prevent unwanted access to their accounts.

Preventor has different identity verification methods that simplify the process of creating accounts and your customers' security.

User verification

Challenges
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For online marketplaces and communities, fake users can drive away your trusted members through spreading misinformation.

Not verifying users also increases the risk of identity theft and other types of fraud. But, how do you prove that your users are who they say they are without putting them through a cumbersome verification process and clunky user experience?

Solution
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Preventor works seamlessly within your applications, limiting friction within the onboarding process. With access to a large and continuously growing global document database, you can quickly and smoothly verify your user's identity.

Our product can also be easily integrated across platforms and operating systems. You can also add biometric matching functionality for an extra level of identity proofing dependent on your needs.

Identity verification

Challenges
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Many different businesses need some form of identity verification; however, the degree of ID proofing is variable dependent on risk and regulatory factors.

For instance, if you are a financial institution, you must be compliant with stringent KYC requirements or risk high dollar fines. However, you do have to protect your business and other customers from fraudsters or other criminals.

Solution
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From document verification, in-depth beneficial ownership researching capabilities to biometrics matching and voice liveness detection, Preventor is a multi-faceted identity proofing tool.

We have what you need to keep your client-base happy and free from harm, protect your business from financial crimes, and comply with regulatory mandates.

Driver registration

Challenges
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Making customers wait at the rental car kiosk for hours is not an acceptable retention policy.

However, with rising identity fraud and auto theft, you cannot afford to rent cars to just anyone. Staff training and operation costs can also wear down your company's bottom line.

Solution
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Instantly verify identification and capture data in seconds at the kiosk or even online via a mobile device before rental.

Weed out fraudsters while handing over the keys to honest customers without them having to wait in line. User onboarding
Balance user experience and robust identity verification.

Age verification

Challenges
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Businesses that sell or provide age-restricted services must ensure that their customers are the age they claim to be. You can be held liable – even criminally – for selling to minors.

In the online gaming world, age verification gets even trickier when you do not have your customer in front of you.

Age verification is also necessary for KYC compliance. However, competition can be fierce. Bad user experience will drive your clientele to the competition.

Solution
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Verify your customer's age in seconds in person or online with Preventor.

Our product can be configured to work within your checkout or user sign-up process.

Fraud prevention

Challenges
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Identity theft and other types of fraud are a significant threat to your business and your other clients.

Criminals are also always evolving and looking for new ways to steal data. Not only can fraud affect your revenue through theft, but it can also erode trust in your company.

Solution
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Identity verification and criminal background checks can keep bad actors away from your business and your good customers.

Preventor offers biometrics matching, document verification, personally identifiable information, and other avenues to verify identity and keep fraudsters away.

Anti-money laundering

Challenges
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Complying with anti-money laundering regulations is complex with various mandated processes that must be done correctly or else risk high-dollar penalties. Not only must you know your customer/business, but you must also monitor transactions for suspicious activity.

You also have to perform risk assessments and train your staff on policies and procedures. All this can become expensive and complicated, especially if you are trying to use a variety of different third-party applications that may or may not work smoothly together.

Solution
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Preventor Compliance offers one full-service solution that can meet all of your anti-money laundering needs.

Our artificial intelligence with graph visualizer gives you the type of high-level, broad picture view that is needed to follow the money, identify money-laundering patterns, and find hidden relationships.

Compliance

Challenges
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Depending on your industry, there are a variety of regulations that you may need to comply with.

Anti-money laundering compliance, anti-bribery compliance, economic sanctions compliance, and other mandates play essential roles in keeping us safe from bad actors like terrorist financiers, sanctions evaders, fraudsters, and money launderers. But as a business, doing your part to stay in compliance can be cost-prohibitive and drain resources. Plus, if your procedures are too cumbersome for customers, you risk your company's bottom line.

Solution
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Whether you are a money transmitter that needs a robust compliance tool, or you are an online gaming company that needs to verify identities and ages, or you are a global e-commerce business that needs to make sure that you are not transacting with sanctioned entities, Preventor Compliance can help you perform your compliance tasks.

Our full-service, artificial-intelligence driven product can easily integrate with your organization's onboarding processes and internal workflow. Creating a smooth experience for your clients and simplifying communication between departments does not have to mean less stringent compliance and more risk. Have the best of both worlds with Preventor Compliance.

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Preventor is the next generation self-service digital identity and fraud prevention collaborative platform for individuals, businesses, and governments.