Accelerating Real-Time Identity Verification For The Finance Industry

Identify money launderers, validate real identities, check regulatory compliance, and do much more with Compliancely – the real-time identity validation infrastructure.

Identity Scarcity In The Financial Services Industry

The finance industry deals with a large in-flow of profiles, including but not limited to customers, investors, partnering associations, recruits, and more. With remote customer onboarding processes taking center stage, the risk is at an all-time high.

There is no denying that the entire finance ecosystem and its de-centralized segments are approaching a lifecycle profile-vetting infrastructure that will accelerate risk assessment and ensure identity validation.

Additionally, there is always the risk of inaccuracies in profiling, which can bring havoc, destabilize and discredit the organization and its efforts at once.

The Irreparable Mistake Of Onboarding Unverified Profiles

Businesses within the finance industry understand that it is not easy to properly vet a profile. Even with the right documentation and identification proof by their side, businesses can often misjudge a profile basing unverified false positives and onboard the profile, resulting in financial and reputational losses. Many political and financial crimes took place in the recent past because of a lack of identity validation, which lead to identity theft or duplicated identities.

API solutions like Compliancely are leading the momentum to accelerate the profile vetting process and bring a direction to your due diligence operations.

One-Of-A-Kind Identity Verification Medium For The Finance Ecosystem

Check With Confidence

Compliancely offers you authorized, secure, and real-time checks, which help you search the identities of individuals and entities, which have been recorded in the national databases. As an intermediary, we help you identify, validate, and verify the details per the records of the government, enabling you to onboard low-risk or no-risk profiles. 

Onboard Quality Profiles

When you check a profile against a variety of identity checks, you are thoroughly vetting the individual or entity for all possible risks and probabilities. This enables you to check if an individual or an entity is as legit as they claim to be. Further, a comprehensive vetting process allows you to verify the profile for their regulatory, tax, business, and security compliance variables. 

Eliminate Manual Workload

Automate your KYC and CIPs at full force with Compliancely. Scale the validation process according to your risk thresholds, budget, diligence, scrutiny, and other security approaches, which help you bring in the right profiles after thorough vetting. This way you minimize the organizational workload on your KYC teams and improve overall efficiency.

Minimize Business Risk

Check thousands of individuals and entities in real-time against authorized databases to verify their true identities. Vet the profiles, assess risk, validate their compliance status, and make informed decisions for your business. You can further add checks to your existing “check-list”, allowing you to screen the profile from different perspectives and arriving at an informed decision.

Avoid High-Risk Profiles 

Money laundering, terrorist-funding or terror-engaging personalities, politically exposed people, tax-evading individuals, denied persons, and more are listed in a variety of national security watch lists and money laundering databases. With Compliancely, you can validate high-risk profiles in real-time, allowing you to cross-verify profiles against authorized watch lists and global databases.

How Compliancely Addresses

Your Unique Identification Needs

Streamlines KYC & CIPs

Accelerate your Know Your Client and Customer Identification Processes with Compliancely’s real-time identification checks. Validate 100,000+ profiles in minutes.

Identifies Money Laundering

Nab money launderers through the customer due diligence process with Compliancely. Leverage our AML watch lists and submit the Suspicious Activity Reports to the authorities and law enforcement.

Detects Identity Fraud

Screen profiles for duplicated records, identity theft, impersonation of the deceased, and other unlawful activities with Compliancely. Validate with Death Master File, Denied Persons List, and other sanctions.

Accelerates On-Boarding

Improve your approval rates, the volume of profile onboarding, and onboard quality profiles with Compliancely. You can further incorporate case studies to strengthen your customer on-boarding processes.

Flags Noncompliance

Compliancely allows you to identify, validate, and verify tax, business, operational, financial, and civil compliance status of entities and individuals in real-time, allowing you to avoid profiles with potential risks and non-compliant history.

Prevents Violations

Our diligent checks allow you to screen individuals and entities with maximum accuracy in real-time, preventing you from on-boarding high-risk profiles that bring in the risk of penalty assessments for violation of federal security laws.

Connecting Compliant Businesses With Compliant Profiles

Compliancely is all about helping the finance ecosystem with seamless security and compliant experiences. Our real-time identity checks enable businesses to connect and build professional associations in good faith and unambiguity. Our virtual infrastructure is designed to meet the dynamic identity probabilities of the business world through transparency.

Industries

They Can Rely On Us

Compliancely real-time API infrastructure helps following industries.

Compliancely Seamlessly Integrates With Your Business Ecosystem

Cloud-Powered Verification

Eliminate the hassle of paper verification and manage multiple customer lists and vendor files with cloud-powered verification.

API Integrations

Get more done quickly with a digital infrastructure that works to make your job easy. Integrate tools and applications to simplify data management.

Secure Accessibility & Compatibility

Diverse experiences meet dynamism with Compliancely. Identify and manage profiles across all smart devices easily.

Workflow Management

Accelerate entity identification by decentralizing your workflow. Assign independent checkpoints for comprehensive data review and analysis.

Secure Identity Check Infrastructure Designed

For Your Business Compliance Needs

Security is not a feature or an added advantage; it is your right. We intend to protect your data and related information because your data is yours. And we want to keep it that way. While our job is to ensure compliance for businesses, we put forward our best digital infrastructure and efforts to safeguard your data within systemic regulations.

Encryption

Compliancely and all its associated tools and digital platforms are encrypted with bank-grade encryption standards. This security measure encrypts your data and makes it impossible for data interceptors to read or view your data.

Storage

Your data is stored on our secure, encrypted servers. We encourage all our users to authenticate every single session. This way only you and persons authorized by you can view, read, and edit the data.

Privacy

Compliancely provides a very private and confidential experience to its users, wherein your data, sessions, files, information, and all activities are completely private. We do not sell or share your data or information with third parties.

FAQ's

Most frequent questions and answers realted to tin matching

On your Compliancely dashboard, click on the ‘TIN Match’ check and enter the TIN/name combination provided to you by the vendor. You’ll be able to view the results in seconds per the IRS records.

Create your account by registering with your phone and email address. Authenticate your account to secure it and furnish your business information. Your business can be enrolled once you verify your business information.

If your business has been issued a taxpayer identification number or an employer identification number, then you must verify the identification code and cross-check if the IRS has recorded your details accurately. You must also renew it as recommended by the IRS, and provide accurate information to the requested parties.

You can integrate Excel or any of the available data management applications with Compliancely to sync your data. Select ‘Bulk TIN Match’ from your Compliancely dashboard and the vendor data validation process will be accelerated automatically.

Compliancely continuously updates its databases and lists in accordance with the authorized government organizations, allowing users to identify and validate information about their customers, vendors, and entities in real-time.

If the provided information does not match the IRS records or if your request renders an invalid response, it means that the vendor must have provided you incorrect information. Follow up with your vendors and send a W-9 to obtain the correct information.

Yes. Compliancely is an IRS-authorized tax compliance enabler, helping businesses and self-employed individuals with TIN Matching and other business identification requests.

A successful TIN Match means reporting returns with the correct tax identification information. This allows the IRS to identify and track the payer and the recipient entities, eliminating room for corrupt tax practices. By conducting TIN Matches, you’re facilitating compliance, thereby staying in the good books of the IRS.

Join The Future Of Business Verification With Compliancely

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Join The Future Of Business Verification With Compliancely
Join The Future Of Business Verification With Compliancely
Join The Future Of Business Verification With Compliancely
Join The Future Of Business Verification With Compliancely