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SDK.finance integrates with ComplyAdvantage for streamlined KYC

By Gloria Methri

February 01, 2024

  • Complyadvantage
  • Digital Identity Verification
  • Europe
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Comply Advantage, SDK.finance, Financial Crime, Risk Mitigation, Risk Prevention, KYC, Compliance, Regulatory, RegTech, UK, EuropeSDK.finance, a FinTech solutions provider, has announced its integration with ComplyAdvantage, the specialist in financial crime intelligence.

With the integration of ComplyAdvantage’s advanced AI-driven technologies, SDK.finance users can improve their Know Your Customer (KYC) procedures and enhance compliance measures in real time. Integration with ComplyAdvantage provides SDK.finance users with a robust and seamless solution for enhancing their compliance processes.

ComplyAdvantage offers SDK.finance customers a streamlined and effective KYC verification service that helps manage and mitigate risks associated with customer identity verification. It provides a high level of security and accelerates the onboarding process for end-users by automating customer screening and monitoring for sanctions, watchlists, adverse media, and more.

The KYC process offered by ComplyAdvantage includes search algorithm options designed to enable accurate matching, even when there are spelling errors or variations. Likewise, search profiles can be customized based on the risk level per data source. This KYC process not only enhances operational efficiency but also reduces false positives, providing a robust KYC compliance experience for SDK.finance customers.

This integration not only streamlines the KYC process but also enhances the accuracy and reliability of compliance measures. By leveraging ComplyAdvantage’s comprehensive risk detection and regulatory compliance tools, SDK.finance users can ensure that their financial products adhere to the highest standards of compliance.

ComplyAdvantage’s robust risk detection capabilities contribute to reliable risk mitigation for SDK.finance users, identifying and flagging potential risks associated with user profiles, transactions, or activities.

SDK.finance CEO Alex Malyshev said, “We are honoured to welcome ComplyAdvantage, among other recent providers, as our valued partners. This integration marks a significant step in empowering our clients to enhance their compliance procedures and leverage the ComplyAdvantage advanced KYC capabilities without the need to build their integration from the ground up.”

“The SDK.finance platform enables the creation of a streamlined, efficient ecosystem for neobanks and others in the paytech space, which makes them a welcome addition to the ComplyAdvantage network of partners. Working together, we can help SDK.finance customers by empowering smarter, more accurate decision-making to meet KYC requirements; thus, creating a safer, stronger financial system,” said Raji Soussou, VP Global Partnerships & Alliances, ComplyAdvantage.

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