Important Things to View When Choosing a KYC Service Provider

How are you verifying the identity of your customers since everything has become online and you cannot see them face-to-face? Or what’s your master plan on protecting your financial institute from thefts and money launderers? Have you got any idea? If not, don’t worry because we have found a robust and powerful tool that will help you. If you don’t want to spoil your user’s experience, you should start using an identity verification service.

This software is specially designed for financial sectors so the identity of customers can be verified easily and quickly. That’s why identity verification software is used by many banking and financial institutions. Since identity verification is so important, both legally and for the general security of your business, you cannot just choose any KYC vendor. If you want to get the most amazing experience that is worth your time and money, follow these steps and find the most trusted service provider in no time. 

● Service coverage: If your financial company is operating globally, you cannot partner with a KYC provider that has a limited reach. If you want each of your customers to get a smooth experience, choose a provider who has direct access to local registries. 

● Demo: Every company wants to sell its products so it promises various things at first. But you can always ask for a demo to understand the authenticity of the company. So remember to always test everything before you go ahead. 

● Data storage: Each country has some rules and regulations. For example - Australia, India, and Russia have data localization laws. This means that if you are dealing with customers of these countries, the data should be kept within the boundaries. So, choose a provider that can help you with such rules. 

If there is one company that you can totally trust for KYC/AML services, it is BASIS ID. It’s a leading KYC service provider that ticks all the aforementioned boxes and is serious about offering cost-effective and efficient solutions. The company was founded in 2017 with an aim to offer the most amazing KYC/AML services to the financial sector. 

One thing that makes BASIS ID better than others is that this company never compromises with the quality and offers custom solutions and integrations too. Not to mention that BASIS ID is also the winner of Slush and Finnovasia. So, what are you waiting for? Contact this outstanding company today. 

About BASIS ID:

BASIS ID is a leading AML KYC service provider that you can contact.

For further details, visit https://www.basisid.com/

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