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.